Condominium
Bridge acquisition for a legal short-term rental unit with a planned exit into a DSCR refinance.
About the Loan
The borrower used a purchase bridge loan to acquire a legal short-term rental (condotel) in Honolulu, expanding a growing portfolio. Myers Capital partnered with Koa Mortgage Fund to fund the bridge loan.
- 73.81% LTV
- 13.75% Interest Rate
- 12-Month Term
- Purchase Bridge Loan
Outcomes
The transaction closed smoothly and on schedule, empowering the investor to execute their strategy. This successful project established a reliable capital partnership for future deals.
$406,000
Loan Amount
73.81%
LTV
14
Days to Close / Term
More Case Studies
Single Family Residence & Land
Equity cash-out bridge with a construction holdback used to finish a ground-up home build and bring it to market.
Single Family Residence
Bridge refinance used to retire a maturing flip loan, clear a permit issue, and keep the sale moving.
Mixed-Use
Fast, flexible financing to exercise a lease-to-own purchase option on a mixed-use property.
Ready to Fund Your Next Investment?
Apply online in minutes and get a term sheet within 24 hours.