Myers Capital Hawaii, LLC, NMLS 1662480

We provide a variety of financing programs and solutions tailored for borrowers who have been turned down by their current lender, even late in the loan process.👍

Here’s an example of how we assisted an investor client in securing financing for their project:💵

✅Our client wanted to purchase a condotel unit in Waikiki that would serve as a replacement property in a 1031 exchange transaction. However, they were unable to secure a long-term condotel loan since the unit had deferred maintenance and other issues.

✅The investor was facing not only the prospect of having the deal fall through, but also missing a 1031 exchange deadline.

✅A broker referred the borrower to us after they were denied by another lender. We were able to provide a creative financing solution, saving this transaction from falling through at the 11th hour.

✅We worked with our affiliate, Koa Mortgage Fund, to fund this in-house bridge loan that allowed the borrower to acquire the property. Koa Mortgage Fund, a pooled mortgage debt fund, financed this $150,000 first lien position bridge loan in just 11 days!

Learn the details of the deal here, https://pllk.io/215194

If you’re facing financing challenges, we’re here to assist.🏦

Learn how our flexible and efficient loan programs can help you secure your next property and expand your real estate business across the country.🏘️🏠💰

Contact us at 808-566-6611 to discuss your next project.☎️

Great news! Mortgage rates have fallen to their lowest levels in 16 months.👍

This decline is helping to increase purchasing power for home buyers, allowing them to acquire a higher price home.🏠

Existing homeowners have an opportunity to refinance their mortgages, lowering their monthly payment and/or changing loan terms to fit their goals.⬇️

Here’s how changing mortgage rates affect home purchase and monthly payment figures:

PURCHASING POWER INCREASES⬆️
In this scenario, a buyer can afford a monthly payment of $2,400 (principal and interest only).

✅At 7.00%, a borrower can purchase a $440,000 home.
✅At 6.75%, a $460,000 home.✔️
✅At 6.25%, a $480,000 home.✔️
✅At 6.00%, a $500,000 home.✔️

Examples show 30 year fixed-rate loans with a 20% down payment (does not include additional costs like taxes and insurance premiums). Rates as of August 30, 2024.

SUMMARY📶
✔️A 1.00% difference in rate (6.00% vs. 7.00%) means you can buy a home worth $60,000 more ($500,000 vs. $440,000).

Swipe to see the different rate and home price scenarios.➡️

If you’re thinking about buying a home or refinancing, we’re here to assist you. We’ll review the latest loan programs and help you find the right fit for your real estate goals. Reach out to us for a no-obligation consultation at 808-566-6611.☎️

Purchases of residential investment property in the U.S. increased by 3.4% in the second quarter 2024, the largest uptick since mid-2022, according to a Redfin report.📶🔼

Real estate investors are becoming more active due to stronger demand from renters. Higher home prices and mortgage rates have made homeownership more challenging for potential buyers, increasing the demand for rentals.🏘️

Here are key investor U.S. property purchase statistics for Q2 2024:
✅Purchases increased 3.4% year over year, the largest increase since mid-2022.
✅Transactions totaled $43 billion, up 13.7% year over year.

✅Investors bought 16.8%, or 1 out of every 6, of sold homes. It’s the highest second-quarter share on record aside from 2022. The all-time high of 20.8% occurred during the pandemic.

✅Purchases of single-family homes rose by 6.7% year over year, the highest since mid-2022.
✅Single-family homes are the most sought-after property type, making up 69% of purchases. This is due to their strong rent growth and lower tenant turnover compared to condos, townhouses, and multifamily properties.

In June, a standard home sold by investors went for 58% more ($190,404) than its purchase price. Although this is down from 62.1% a year earlier, it remains above pre-pandemic levels.⬆️

About 5% of homes were sold at a loss, down 5.8% from a year earlier, and below pre-pandemic levels.⬇️

View the report here, https://bit.ly/investor-report-q2-2024

Average 30 year mortgage rates have decreased to 6.46% as of August 22 compared to highs of over 7% in October 2023. This decline has sparked home purchases and refinances, but has not significantly impacted the housing market.🏠

Is there a mortgage rate that could trigger a substantial surge in the housing market?📶 🤷‍♂️

According to market experts and a Realtor.com survey, the “magic number” for mortgage rates ranges from 5% to 6%, https://bit.ly/mortgage-magic-number 📊

Here are the numbers:
✅Sub 6% - Meredith Whitney (“The Oracle of Wall Street”), a financial analyst and CEO of Meredith Whitney Advisory Group.

✅5.99% - Robert Reffkin, co-founder and chief executive of real estate company Compass.

✅6% - Barbara Corcoran, self-made real estate millionaire and Shark Tank star.

✅5% range - 2024 Realtor.com survey of potential homebuyers.
https://bit.ly/realtor-dot-com-magic-number

Lower rates can reduce monthly payments and interest costs, making home ownership more affordable. Borrowers may qualify for larger loan amounts, increasing purchasing power.💵🏘️

With rates on the decline, today’s news that the Federal Reserve is poised to cut its benchmark interest rate next month is another promising sign of things to come.⬇️

Although this short-term interest rate doesn’t directly correspond to mortgages, both rates tend to move in the same direction.👍

Our repeat client wanted to cash out equity from a high-value rental property in Aspen, Colorado to purchase a condo in a South Central state.💵

The free-and-clear property lacked rental income, which is needed to qualify for a popular loan program used by rental property investors.🏘️

Our client was able to secure a tenant with a 12-month lease, which was large enough to allow them to qualify for a 30-year Debt Service Coverage Ratio (DSCR) cash-out refinance with a fixed rate in the 7s.🏦

Income qualification for a DSCR loan is based on the ability of property rents to cover monthly mortgage expenses, taxes, and insurance rather than using personal income, tax returns, or employment history.👍

They plan on using the funds to acquire a condo in another state.🏣

If you’re thinking about expanding your real estate portfolio, we can provide efficient funding for your next property. Contact us to discuss our creative financing solutions at 808-566-6611.☎️

What a difference 15 months makes!👍

The average 30-year mortgage rate has dropped today to its lowest levels since May 2023, lowering borrowing costs.📉

Another good sign: Existing home sales increased 1.3% in July versus June, putting the brakes on a four-month decline that started in March, according to the National Association of Realtors.📶

Now may be the time to take advantage of these favorable conditions and make a move in the housing market.✅

Average 30-year mortgage rate drops to lowest level in 15 months Mortgage rates are expected to continue trending lower overall this year, as signs of waning inflation and a cooling job market have raised expectations of Fed rate cuts.

Mortgage rates have decreased by more than a full percentage point since the end of 2023. 📶 Rates could fall even further when the Federal Reserve meets in September for an anticipated first rate cut of the year. ⬇️

While there’s no guarantee that rates will drop, it may make sense to do a mortgage refinance now versus waiting. Here are four key reasons to consider refinancing:👍

✅Get a rate one half to one full percentage point lower than your current rate

✅Tap into equity with a cash out refinance that has a better rate than your current mortgage

✅Secure a fixed rate to replace an adjustable-rate loan that’s about to undergo a rate increase

✅Refinance to remove private mortgage insurance and get a better rate

Read details here, www.cbsnews.com/news/signs-you-should-refinance-your-mortgage-now

If you’re looking to refinance, now’s a good time to start the process. We offer expert guidance that can help you choose an option that best fits your goals. Contact us at 808-566-6611.☎️

Ran out of funds needed to complete a construction project?😂We can provide financing to help you successfully finish your project.🏗️

Whether you’re in the middle of construction or nearly complete, we offer creative financing solutions that can help get your project across the finish line. This allows investors to reduce delays that can lead to increased costs, loss of time, contractual penalties, or legal issues.👷‍♂️🏠

We also help investors who have a fast-approaching balloon payment on a maturing loan. We can refinance their existing loan and provide additional capital to complete their construction project.🏦💵

LOAN HIGHLIGHTS
✅Eligible Properties: Non-owner occupied residential single-family, condominiums, and multi-family (5+ units)
✅Income: No personal income documentation needed
✅Max Loan-to-Cost: Up to 80%
✅Fast Closing: As little as 21 days
✅Loan Amounts: Up to $5 Million
✅Reliable Construction Draws
✅Interest-only payments
✅Terms: 12 to 36 months. Extensions possible.
✅Can be used to purchase the land
✅Ability to transition to long-term financing

With quick funding and in-house servicing, our custom financing programs can help you complete partially renovated or constructed projects.🏠🏗️🏘️

Contact us at 808-566-6611 to discuss your project and grow your real estate business.☎️

Oahu Real Estate Market Report – July 2024
📊

Summary
✔️Single-family home sales increased by double-digits in July compared to July 2023.
✔️Condo sales experienced a decrease in July compared to July 2023.
✔️The median sales price for both single family homes and condos increased slightly year-over-year, up by 4.6% and 1.8%, respectively.

Single-Family Homes
🏠Closed sales for single-family homes increased by over 20% with 269 sales compared 224 in July 2023.
🏠Month-over-month sales reached 269 in July vs. 258 in June, a 4.3% increase.
🏠The median sales price was $1,140,000 versus $1,090,000 in July 2023, a 4.6% increase.
🏠The median days on the market decreased to 15 in July from 16 in July 2023.
🏠New listings climbed to 363 in July vs. 275 in July 2023, a 32% surge.

Condominiums
✅Condo sales decreased by 7.8% with 389 sales vs. 422 in July 2023.
✅Month-over-month sales reached 389 in July vs. 355 in June, a 9.6% increase.
✅The median sales price was $509,000 versus $500,000 in July 2023, a 1.8% increase.
✅The median days on the market increased to 30 in July from 16 in July 2023.
✅New listings jumped to 676 July vs. 521 in July 2023, a 29.8% surge.

Housing market reports are available at www.hicentral.com.

Congratulations to our client for acquiring a condotel unit at Ka La’i Waikiki Beach, 223 Saratoga Road.🥳

Resort-zoned short-term rentals are highly sought after in Hawaii, as they are among the few real estate investments in the Aloha State that allow you to generate rental income immediately.💵💰

Our client financed the condotel unit with a Debt Service Coverage Ratio (DSCR) loan, which is designed to acquire or refinance rental property.🏠

DSCR loans allow borrowers to qualify based on the ability of the property rents to cover monthly mortgage expenses, taxes, and insurance. DSCR loans do not require tax returns, W-2s, paystubs or other personal income verification, streamlining the qualification process.👍

We specialize in financing short-term rentals and can help you acquire your next investment property.🏘️

Contact us to discuss your next project at 808-566-6611.☎️

Mortgage rates are dropping! This is good news for prospective home buyers and those looking to refinance their existing mortgages. Could rates drop even further?🤷‍♂️🤷‍♀️

A key factor that affects mortgage rates is the 10 year Treasury yield, which is the interest rate paid on 10 year Treasury bonds by the U.S. government. When this figure changes, mortgage rates generally follow suit in the same direction.📊

✅Historically, the spread between 30 year fixed-rate mortgages and the 10 year Treasury yield ranges from 1.5 to 2 percentage points.

✅During the 2010s, this spread averaged 1.69%.

✅This spread rose to 2.92% in October 2022, 2.96% in June 2023, and peaked at 3% in early August 2024. (Sources: Bloomberg LP; Haver Analytics; YCharts)

The spread generally widens during periods of economic and interest rate uncertainty, and changing credit conditions.💹

Mortgage rates are still over 2.6 percentage points above the 10-year Treasury yield, exceeding historic levels.🏘️

This could mean there’s room for the margin to drop with 30 year fixed rate mortgages to follow suit, https://bit.ly/treasury-yield

There’s optimism as the Federal Reserve has stated they may make its first rate cut of 2024 at the September meeting. When short-term interest rates fall, bond yields typically drop as well.👍

Congratulations to our client for acquiring a condotel unit at Kanaloa at Kona in Kailua-Kona, Hawaii. Our client is a California resident who owns several properties and wanted to add a condotel to his portfolio.🏘️

These legal, resort-zoned, short-term rentals are desirable since they are one of a few real estate investment vehicles in Hawaii that allow you to earn rental income right out of the gate.💶

Our client financed the unit with a Debt Service Coverage Ratio (DSCR) loan, which is designed to acquire or take out cash from rental property.📶

DSCR loans allow borrowers to qualify based on the ability of the property rents to cover monthly mortgage expenses, taxes, and insurance. DSCR loans do not require tax returns, W-2s, or paystubs, streamlining the qualification process.💰

We are specialists in financing short-term rentals and offer a wide range of programs that can help you acquire your next investment property. Contact us to discuss your next project at 808-566-6611.☎️

Last Friday, Aug. 2, average rates for 30-year fixed mortgages were at their lowest levels as of 2024, according to Mortgage News Daily. As of Aug. 5, mortgage rates have dropped to their lowest levels in over a year.👍

✅The 30-year fixed rate dropped today to 6.34%, it’s the lowest level since April 2023.
✅The 15-year fixed rate tumbled today to 5.89%, its lowest level since early May 2023.

These decreases are the result of a poor jobs report that showed employers added fewer jobs than expected in July while unemployment rose to 4.3%, its highest point since 2021.🤷‍♂️

This news of a weaker economy and possible recession sent stocks tumbling including yields on the 10-year U.S. Treasury. When the yield on the 10-year Treasury falls, so do mortgage rates.⬇️

Rates may drop further as the Federal Reserve is expected to make its first rate cut of the year during its upcoming meeting in September.🤞

If you’re looking to acquire a property or refinance an existing mortgage, now’s a good time to start the process. We offer expert guidance that can help you choose an option that best fits your goals. Contact us at 808-566-6611.☎️

See our latest mortgage rates at www.myerscapitalhawaii.com.

Our client is a self-employed business owner on Oahu who initially utilized an in-house cash-out bridge loan. They efficiently secured capital and used it to participate in a business opportunity, which eventually resulted in a boost in sales and profits.💰📊

With the bridge loan approaching its maturity date, our client needed to pay off the loan. They also wanted to cash out equity to finance additional business ventures.🏘️💶

They utilized a cash-out 30 year fixed-rate Bank Statement loan, which looks at income reflected in their past 12 months of bank statements, both business and/or personal accounts.💹📶

Our client was able to successfully pay off the bridge loan and tap into equity from the same property. They plan to use the cash to acquire additional real estate and participate in other investments.👍

Are you self-employed and looking to purchase real estate or expand your business? Don’t let traditional income requirements get in the way.🙋

Reach out to us for creative financing solutions that can help you reach your goals. Call 808-566-6611.☎️

Many real estate investors utilize Debt Service Coverage Ratio (DSCR) loans. A key advantage is it allows borrowers to acquire rental property based on its cash-flow rather than personal income.💶👍

DSCR loans primarily focus on a property’s rents and how well they cover the monthly mortgage payment, taxes, and insurance. Tax returns, W-2s, and paystubs are not required, making it easier to qualify compared to conventional loans.🏘️

Swipe this post to learn 4 ways investors can use DSCR loans to expand their real estate portfolio, building wealth with rental income, equity growth, property appreciation, and tax advantages (consult with your tax advisor).➡️

If you want to start investing or already have a rental portfolio and want to grow it, contact us to find out how DSCR loans can help achieve your goals. Call 808-566-6611.☎️

Our client is self-employed and wanted to purchase a second home in Lahaina, Maui.🏠

Like many self-employed borrowers, they have fluctuating income or claim numerous business expenses on their tax returns, making it more challenging to meet conventional loan guidelines.📊🤷‍♀️

Our client utilized a Bank Statement loan that looks at income deposits reflected in their past 12 months of bank statements. Borrowers can use business or personal bank statements, or a combination of both.📊

They are now the happy owner of a second home on the Valley Island.🏘️🌴🍹

If you’re self-employed or have non-traditional income, we can help you finance your next property. Reach out to us for creative financing solutions at 808-566-6611.☎️

Looking to cash out equity from an income-producing investment property? A DSCR second mortgage may be the solution.💶

This fixed-rate second mortgage provides the entire loan amount in one lump sum without affecting the rate on the original mortgage or reducing rental income.💰

Here are three ways borrowers can use the cash:
💰Acquire a second property
💰Finance renovations and repairs for higher future rents
💰Consolidate debt

Qualification for a DSCR second mortgage comes from comparing property rents and how well they cover the monthly mortgage payment, taxes, and insurance.👍

DSCR loans do not require tax returns, W-2s, or paystubs, streamlining the qualification process.📶

✅No Personal Income Verification
✅Maximum Combined Loan to Value (CLTV): 75%
✅Debt Service Coverage Ratio (DSCR): 1.0 or higher
✅Maximum Loan Amount: $500,000
✅Minimum 620 FICO
✅Terms: Up to 30 years
✅Flexible Property Types (1 to 4 units): Residential single family, townhouses, and condos

A DSCR Second Mortgage is an example of our unique and flexible loan solutions that can help you build your real estate portfolio. Contact us at 808-566-6611 to discuss and finance your next project.☎️

We worked with our affiliate, Koa Mortgage Fund, to fund this in-house bridge loan for a rural multifamily property in Easley, South Carolina.🇺🇸

Koa Mortgage Fund, a pooled mortgage debt fund, financed this $165,000 first lien position cash-out bridge loan for a 5-unit multifamily and single-family residence on the subject property.🏘️🏠

The borrower plans to use the funds to build two duplexes on another property. They plan to exit the bridge loan by refinancing it into a long-term Debt Service Coverage Ratio loan.🏦

Learn the details of the deal here, https://privatelenderlink.com/transaction/211998/

Find out how our efficient and flexible financing programs can help you acquire your next property and grow your real estate business throughout the country.🏢

Contact us at 808-566-6611 to discuss your next project.

With home values on the rise, many owners are sitting on healthy equity gains. Home equity can be tapped and used to make home renovations and repairs, acquire another property, start a business, or cover college tuition. It can also be used to consolidate debt. 💰🏘️👩‍🏫📊

Our clients had debt that they wanted to consolidate. They utilized a closed-end second mortgage, also called a home equity line of credit. This fixed-rate home equity loan provides the entire loan amount in one lump sum without affecting the rate on the original mortgage.💶

Here are key benefits of using a home equity loan to consolidate debt:

✅Lower interest rates: Home equity loans usually have lower rates than credit cards and other unsecured loans, reducing the overall interest owed.

✅Single monthly payment: Avoid the hassle of managing multiple debts and payments.

✅Lower monthly payments: Home equity loans usually have longer repayment terms than credit cards or personal loans, which could mean lower payments, improving cash flow and reducing financial stress.

✅Improve credit score: Paying down unsecured debt can improve your credit utilization ratio, which may positively impact credit scores.

✅Financial discipline: The structured monthly payments of a home equity loan can encourage better financial prudence, making it more difficult to fall back into a cycle of revolving credit card debt.

If you’re considering debt consolidation or real estate projects, reach out to us to discuss how a closed-end second mortgage can help achieve your goals. Contact us at 808-566-6611.☎️

Recently acquired a property and want to tap into equity but have been advised you need to wait until you have owned the property for at least six months? This 6 to 12-month requirement is called “seasoning” and can be a financial roadblock for real estate investors.🏘️🗓️

We offer loan solutions that allow borrowers to take cash out of renovated investment properties at their improved appraised value without having to wait for seasoning requirements.👍

Investors can purchase a property, make renovations, and tap into equity with the new appraised value. This allows investors to efficiently move capital from one property and use it to finance another project, building their real estate portfolio faster and without seasoning delays.💶💰

✅Recent or currently listed properties are allowed
✅Up to 80% Loan to Value
✅Interest-only Payments
✅Fast Closing: 2 weeks
✅No Personal Income Verification
✅FICO scores: As low as mid 500s
✅Loan Amounts: Up to $3 Million
✅Terms: 12 to 36 months. Extensions possible.

We offer creative financing solutions that can help you complete more real estate deals. Contact us to discuss your next project at 808-566-6611.☎️

Real estate opportunities that fit your goals have a tendency to become available when you may not be ready for them. That’s why being financially prepared for the next fast-appearing opportunity is key to successfully acquiring an attractive property.🏘️🏦

We recently helped prepare a client who is interested in purchasing an investment property:

✅Our client tapped into their current home’s equity using a Home Equity Line of Credit (HELOC).

✅They now have access to funds that can be used to cover the down payment on a future property purchase.

✅Funds can be borrowed and repaid as needed up to a set limit during the draw period.

✅The interest rate on their primary mortgage remains unchanged.

This strategy allows our client to have funds readily available for a future investment property. Investors and consumers alike can be rewarded with a successful transaction by being proactive.👍

We offer a wide range of loan options including HELOCs, Home Equity Loans, and Cash out Refinances that can help you finance a future property.💰📶

Contact us at 808-566-6611 to discuss solutions for your real estate goals.☎️

Running into difficulty qualifying due to fluctuating earnings or lower taxable income? Our 1099 mortgage program can help.💹👍

Whether you’re a business owner, entrepreneur, real estate agent, consultant, real estate investor, freelancer, or an independent contractor, a 1099 loan can be used to purchase or refinance property using income reported from 1099 tax forms without the need for W-2s or tax returns.💶🏘️

Borrowers can qualify by showing last year’s 1099 forms and two months of bank statements supporting income deposits. It’s an alternative documentation loan for borrowers without a traditional income stream.💰

Find out how this flexible loan program can help you acquire your next property. Contact us to discuss your mortgage options at 808-566-6611.☎️

Oahu Real Estate Market Report – June 2024

-Single-family home sales slightly increased in June compared to last June.
-Condo sales experienced a double-digit decrease in June, the largest year-over-year decline in 2024.
-The median sales price for both single family and condos decreased slightly year-over-year.

Single-Family Homes
✅Closed sales for single-family homes increased by 4% compared to June 2023, totaling 258 transactions.
✅Month-over-month sales increased by 3.6% compared to May 2024.
✅The median sales price was $1,120,000 versus $1,050,000 in June 2023, a 6.7% increase.
✅The median days on the market decreased to 15 from 17 in June 2023.

Condominiums
✅Condo sales decreased by 24.5% compared to June 2023, with 355 units sold.
✅Month-over-month sales decreased by 25.7% compared to May 2024.
✅The median sales price was $530,000 versus $510,000 in June 2023, a 3.9% increase.
✅The median days on the market increased to 26 from 18 in June 2023.

Housing market reports are available at www.hicentral.com.

Interested in buying a home but want a lower monthly payment? One solution is to extend the term by utilizing a 40 year mortgage.🏠

Here are 3 ways a 40 year mortgage can help borrowers buy or upgrade a primary residence or acquire investment property:🏦

✅Lower Monthly Payment: Payments are spread over a longer period compared to a 30 year loan.

✅Increased Purchasing Power: Borrowers may qualify for a larger loan amount and afford a higher-price property.

✅Improved Cash Flow: Lower monthly payments free up additional cash, allowing borrowers to use the funds for other purposes.

In addition to standard income guidelines, our 40 year mortgage program offers alternative documentation guidelines that include using rental income, bank statements, profit and loss statements, or 1099 forms, making it easier to qualify.💶💹

Find out how this loan program can help you acquire your next property. Contact us to discuss your mortgage options at 808-566-6611.☎️

Congratulations to our clients for acquiring a condotel unit at the Hawaiian Monarch, 444 Niu Street, in Waikiki.🏨

They financed the unit with a Debt Service Coverage Ratio (DSCR) loan, which is designed to acquire rental property.🏦

DSCR loans allow borrowers to qualify based on the ability of the property rents to cover monthly mortgage expenses, taxes, and insurance rather than using personal income, tax returns, or employment history.💶

Legal resort-zoned, short-term rentals are desirable since they are one of a few real estate investment vehicles in Hawaii that allow you to earn rental income right out of the gate.🏞️👍

As specialists in financing short-term rentals, we can help you acquire your next investment property. Reach out to us for details at 808-566-6611.☎️

Here’s another in-house bridge loan that we recently funded for land on Hawaii Island. 🏞️It was a $322,000 first lien position cash-out bridge loan for land in Kealakekua.💰

Here’s how we helped our client finance their real estate project:

✅They used the funds to pay off seller financing used to initially acquire the land.

✅A general contractor, our client will use the remaining cash out funds as working capital and combine it with their own funds to build a spec home on the land and sell it for a profit.

✅The proceeds will be used to pay off this short-term loan.

Learn the details of the deal here, https://pllk.io/210094

If you need efficient flexible financing, look to our bridge loans, which can be closed in as little as two weeks.🗓️

Contact us at 808-566-6611 to discuss your next project.☎️

Having difficulty qualifying for a mortgage due to claiming too many expenses on your tax returns or have fluctuating income?🤷‍♂️

Our Bank Statement Loan program can help business owners, entrepreneurs, independent contractors, and real estate investors purchase or refinance a property without using paystubs, W-2s, or tax returns.💹

Whether self-employed or not, borrowers can qualify by showing steady income deposits reflected in the past 12 months of bank statements – either personal, business, or a combination of both. It’s a creative financing solution for borrowers without a traditional income stream.💰💶👍

Find out how you can purchase a property with a bank statement loan. Reach out to us at 808-566-6611. ☎️

Looking to acquire multiple investment properties at once?🏘️

Our Debt Service Coverage Ratio (DSCR) Portfolio loan program gives you the flexibility to acquire or refinance multiple investment properties with a single loan.👍

Investors can leverage the combined cash flow of a portfolio to qualify for financing versus using just one property. This provides the flexibility to create a custom loan program that best fits an investor’s strategy and goals.💰

Like single-property DSCR loans, qualification comes from comparing the rents of properties and how well they cover the monthly mortgage payment, taxes, and insurance without looking at personal income. For example, a DSCR ratio of 1.0 means the monthly rents just cover the monthly mortgage expense.💹

✅Eligible Properties: Non-owner occupied residential single family, condos, townhouses, and multi-family (1-4 units).

✅Cash Out Equity: Finance renovations, consolidate debt, or fund large purchases including starting a business or covering college tuition.

Find out how our lending solutions can help you efficiently build an investment property portfolio. Reach out to us at 808-566-6611 for details.☎️