Construction Loans in Honolulu, HI
Find lenders offering construction loans in the Honolulu, including Pearl City, Kailua, Kapolei, and surrounding areas. Compare rates, terms, and programs from 13 lenders.
Construction Lenders Serving Honolulu
13 lenders offering construction loans in the Honolulu, HI area.
Bank of America
Charlotte, NC
One of the largest US banks. Commercial real estate lending, construction financing, and SBA loans through nationwide branch network.
Broadmark Realty Capital
Seattle, WA
Private real estate lender offering bridge, construction, and land loans. Now part of Ready Capital. Loans from $500K to $25M+.
CoreVest Finance
Irvine, CA
Rental portfolio and bridge lender for residential real estate investors. Build-to-rent and portfolio financing specialist. Redwood Trust subsidiary.
JPMorgan Chase
New York, NY
Major CMBS originator and commercial lender. Full range of CRE financing including conduit, agency, and balance sheet.
KeyBank Real Estate Capital
Cleveland, OH
Major bank CRE lender. Balance sheet, agency, and CMBS lending for multifamily, office, retail, and industrial properties.
Lima One Capital
Greenville, SC
Private lender for real estate investors. DSCR loans require 1.5+ ratio, min FICO 700. 5, 10, and 30-year options. Up to 75% LTV on purchases.
Merchants Capital
Indianapolis, IN
Bank-backed commercial lender active in 47 states. Over $6.8B in financing. Specializes in multifamily, affordable housing, and healthcare.
New Silver Lending
FL
Direct lender for real estate investors. DSCR loans with no minimum DSCR requirement. Also offers fix-and-flip, bridge, and construction loans.
PNC Real Estate
Pittsburgh, PA
Top-10 US bank with dedicated commercial real estate lending. Construction, bridge, and permanent financing for major property types.
Stbridge Capital
Los Angeles, CA
Private money lender in California. Bridge, fix-and-flip, and ground-up construction loans. Fast closings for experienced investors.
US Bank
Minneapolis, MN
Fifth-largest US bank. CRE lending including construction, permanent, and SBA loans. Strong in multifamily and affordable housing.
Vaster
Miami, FL
Commercial bridge loan lender for CRE investors. Flexible short-term financing for acquisition, rehab, and construction.
Wells Fargo
San Francisco, CA
Top commercial real estate lender. CMBS, balance sheet, agency, and SBA lending across all property types.
Honolulu Commercial Real Estate Market
Honolulu's commercial real estate market operates under extreme land constraints — Oahu's geography limits developable land to a narrow coastal strip, creating some of the highest commercial property values per square foot in the nation. The primary office market concentrates in the Downtown/Capitol District and Ala Moana areas, while Kakaako has become the focus of major mixed-use high-rise development under the Hawaii Community Development Authority's master plan. Ward Village, developed by Howard Hughes Holdings, represents one of the largest master-planned urban communities in the state, blending retail, residential, and commercial space along the waterfront. The Honolulu Rail Transit project (Skyline) connecting East Kapolei to Ala Moana is reshaping development patterns along the 20-mile corridor, with transit-oriented development sites creating new CRE opportunities in Aiea, Pearl City, and Waipahu.
Key Economic Drivers
- ●Waikiki and Ala Moana hospitality and luxury retail CRE driven by Pacific Rim tourism
- ●Joint Base Pearl Harbor-Hickam and Schofield Barracks military spending
- ●Kakaako and Ward Village master-planned mixed-use development
- ●Skyline rail transit corridor spurring transit-oriented development in West Oahu
Market Insight
A significant share of Honolulu's commercial properties are held under long-term ground leases from large landowners like Kamehameha Schools and the Queen's Estate, and financing leasehold commercial property requires lender familiarity with Hawaii's unique tenure structure — lease renegotiation risk can materially impact valuations.
Construction Loans in Honolulu, Hawaii
Commercial construction loans fund new development or major rehabilitation projects. Funds are disbursed in stages as construction progresses. Most are short-term (12-36 months) and convert to permanent financing upon completion. In the Honolulu metro area, borrowers can access 13 lenders offering Construction financing, including Pearl City, Kailua, Kapolei, and surrounding areas. Loan amounts typically range from $500K to $100M with rates from 7% - 10%.
Who Should Consider Construction Loans?
- Ground-up development
- Major renovations
- Land + construction
- Build-to-suit projects
Key Requirements
- Detailed construction plans and budget
- Licensed general contractor
- Building permits
- Development experience (strongly preferred)
- 20-35% equity
Advantages
- ✓Interest only on drawn funds
- ✓Funds disbursed as needed
- ✓Can include land acquisition
- ✓Construction-to-permanent options available
Considerations
- •Requires detailed plans and budgets
- •Draw schedule inspections
- •Higher rates during construction
- •Completion risk on borrower
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