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Hard money and fix and flip loans in Mililani, HI
Financing for planned-community homes, townhouses and long-term rentals in Central Oahu.
The Mililani market for investors
Mililani is a planned community on the central plateau, with newer homes, parks and schools, and a short drive to Schofield Barracks and Wheeler Army Airfield. Military and civilian families keep long-term rental demand steady.
Investors hold single-family homes and townhouses as long-term rentals, and renovate homes from the community’s earlier phases.
Areas investors ask about
- Mililani Town: the original neighborhoods, with homes from the 1970s onward
- Mililani Mauka: newer homes and townhouses
- Near Schofield Barracks and Wahiawa: long-term rentals and older homes to renovate
Plan for these on a Mililani deal
- Outside resort-zoned areas, residential rentals on Oahu must run at least 30 days, and a 2025 ordinance raises that to 90 days for many properties. Underwrite on long-term rent unless the property may legally rent for shorter stays.
- Mililani homes pay community association dues, and many townhouses add condo fees. Both count in the payment.
- Association rules can set minimum lease terms or limit rentals. Read them before you buy.
- A home the owner does not live in is taxed at the Residential rate if assessed under $1 million, and in the higher Residential A class at $1 million or more. Use the rental figure, not the seller’s bill, when you calculate the DSCR.
Loans available in Mililani
| Program | Use it for | Top leverage |
|---|---|---|
| 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 |
| Ground-up construction loans | Building a home or rental from the ground up, with the lot included | 90% of cost for experienced builders, up to 70 to 75% of the finished value |
| 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 |
| Portfolio and commercial loans | A group of rentals under one note, or multifamily and commercial property | 80% on a portfolio purchase; commercial priced per deal |
Mililani hard money loans: common questions
Yes. We lend up to 85% loan-to-value on a rental purchase, qualified on the property’s rent, with association dues counted in the payment.
Yes. You can borrow in your own name or through an LLC from anywhere.
Fix and flip loans average up to 21 days and can close in about 7 days when title and insurance are ready. Rental and DSCR loans take about 30 days, appraisal included. Closings are handled by a Hawaii escrow company.
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Looking at a property in Mililani?
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.