Hard money and fix and flip loans in Honolulu and across Oahu
Honolulu Fix and Flip Loans finances renovations, rental homes, condos and new construction on Oahu, from town to Kapolei and the Windward side. Fix and flip loans cover up to 90% of the purchase and 100% of the rehab, and rental loans are approved on the rent, not your tax returns.
The Hawaii division of Optimus Capital Corp. Business-purpose loans on non-owner-occupied investment property only.
Loan terms at a glance
| Flip: purchase financed | up to 90% |
| Flip: rehab financed | up to 100% |
| Flip: limit on after-repair value | 70 to 75% |
| Rental purchase | up to 85% LTV |
| Rental cash-out | up to 80% LTV |
| Ground-up construction | up to 90% of cost |
| Minimum credit score | 600 |
| Loan amounts | $75K to $10M+ |
Top fix and flip leverage is for credit scores of 720 and up, and a flip loan can close in about 7 days. Rental loans are approved on the property’s rent and take about 30 days. Construction at 90% of cost is for experienced builders.
Honolulu Fix and Flip Loans is the Hawaii division of Optimus Capital Corp, a nationwide hard money lender that works only with real estate investors. It is run by Andrew Shanti, who has worked in lending and real estate since 2005. We lend only on non-owner-occupied property: flips, rentals and new builds.
Fix and flip loans built for Oahu prices
Oahu has some of the most expensive housing in the country and an older housing stock, so a renovation can add real value. Our fix and flip loans fund most of the purchase and all of the work.
Buy and renovate
Up to 90% of the purchase price and 100% of the rehab budget at a 720+ credit score, limited to 70 to 75% of the after-repair value. Scores down to 600 qualify at lower leverage.
Interest only, no penalty
Terms of 6 to 24 months with interest-only payments. Pay the loan off the day you sell, with no prepayment penalty.
Experienced flippers
Investors with 5 or more flips in the past 2 years can close without an inspection or appraisal, up to 75% of the after-repair value.
Keeping the house instead? When the work is finished, a DSCR rental loan can replace the flip loan, with a cash-out refinance at up to 80% loan-to-value.
Everything we finance
Every loan is a business-purpose loan secured by investment real estate. Terms run from 6 months to 30 years.
| Program | Use it for | Top leverage | Approved on |
|---|---|---|---|
| Fix and flip loans | Purchase plus renovation of a property you intend to sell | 90% of the purchase price and 100% of the rehab, up to 70 to 75% of after-repair value | The deal: price, rehab budget and resale value |
| DSCR rental loans | Purchase or refinance of long-term rentals, condos, condotels and permitted vacation rentals | 85% loan-to-value to buy, 80% on a cash-out refinance | Whether the rent covers the payment |
| Ground-up construction loans | Building a home, a rebuild on an older lot, or an additional dwelling unit, lot included | 90% of cost for experienced builders, up to 70 to 75% of the finished value | Budget, finished value and your building record |
| Mid-rehab loans | Completing a renovation or build that has run short of funds | The current as-is value plus the cost to finish | As-is value and remaining scope |
| Portfolio loans | A group of rentals under one note and one payment | 80% to buy or refinance, 75% on a cash-out | Rent across the whole group |
| Commercial loans | Multifamily, hospitality, office, industrial and retail | Priced per deal | The property and its income |
From first call to closing
- Tell us about the dealAddress, price, the renovation budget or the rent it earns, and whether you plan to sell or hold. A call or the short form is enough.
- See your termsWe run the numbers and tell you the leverage and pricing available. As a rule there is nothing to pay upfront.
- Appraisal and reviewThe appraisal is ordered and you pay the appraiser directly. Investors with 5 or more flips in the past 2 years can skip the inspection and appraisal on a flip.
- Close through escrowRental loans take about 30 days, appraisal included. Fix and flip loans average up to 21 days and can close in about 7 days once title and insurance are ready. Hawaii closings are handled by an escrow company.
What clients say about Andrew
Andrew Shanti with Optimus Capital has been exceptional to work with. Over the past several years, I have closed numerous transactions with Andrew on behalf of sophisticated real estate investors, and his performance has been consistently outstanding. [...] Every transaction I have been involved with Andrew at Optimus Capital has closed, including many requiring thoughtful structuring and creative solutions due to their challenging nature.
Maria McKee, Premier Sotheby’s International Realty, Google review of Optimus Capital
Just completed a rental portfolio refi with Optimus. Andrew and Daisy were amazing to work with and helped me work through every challenge quickly and with clear understanding.
Zachary Hagan, Google review of Optimus Capital
These reviews were left for Optimus Capital, our parent company, about Andrew Shanti. Read all of the Optimus Capital reviews on Google.
Property and borrowers we work with
Oahu investment property
- Single-family homes to renovate and resell
- Long-term rentals and multi-generational homes
- Condos, including non-warrantable condos
- Condotels and legal vacation rentals in resort zones
- Rebuilds and additional dwelling units
- Small multifamily in town
Commercial property
- Multifamily
- Hospitality
- Professional office
- Industrial
- Retail shopping centers
Who can borrow
- New investors and seasoned ones
- Credit scores of 600 and above
- Mainland and out-of-state owners, and LLCs
- Foreign nationals, on rental loans
- Investors with any number of existing loans
We do not finance a home you will live in. For a primary residence, talk to a conventional mortgage broker.
Lending across Oahu
We finance investment property all over the island: urban Honolulu and Waikiki, the Windward side, Central Oahu and the fast-growing Ewa plain. We also lend on the neighbor islands.
Questions investors ask us
Who is the best lender for a fix and flip in Honolulu?
Look for a lender that funds most of the purchase and all of the renovation, closes quickly, and understands Oahu’s permitting and older housing stock. We lend up to 90% of the purchase and 100% of the rehab, and lend only on investment property. How to choose a lender.
Can I finance an Oahu house to rent on Airbnb?
Only where the rules allow short stays. Outside resort-zoned areas, Honolulu does not allow residential rentals of less than 30 days, and a 2025 city ordinance raises the minimum for many properties to 90 consecutive days. Stays shorter than that are legal mainly in resort districts, such as much of Waikiki, Ko Olina and Turtle Bay, and in units with a nonconforming use certificate or a city registration. Most investor-owned homes on Oahu are therefore underwritten on long-term rent.
Do you check my income?
No. A flip or construction loan is approved on the deal, and a rental loan on the rent the property earns. There is no employment or debt-to-income review.
What credit score do you need?
Programs begin at a 600 score. The best fix and flip terms are for scores of 720 and up, and a rental purchase at 600 is limited to 70% loan-to-value.
I live on the mainland. Can I still borrow?
Yes. Many Oahu investors live elsewhere. You can borrow in your own name or through an LLC.
How fast can a loan close?
Rental loans take about 30 days, appraisal included. Fix and flip loans average up to 21 days and can close in about 7 days once title and insurance are ready.
Have an Oahu deal in mind? Run it by us.
Send the address, the price and what you plan to do with the property. We will reply with the leverage and pricing that fit your deal.