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New Construction loans for Hawaii builds.

Ground-up construction loans for builders and investors developing new properties in Hawaii. Finance up to 85% of your land purchase and 85% of construction costs on a single loan. Rates from 10%, non-Dutch interest, and land doesn't need to be permitted to qualify. Loans $100K to $7.5M.

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SLA Capital — a Sir Lends A Lot LLC Company

What is a new construction loan?

A new construction loan is short-term financing for building a property from the ground up. It typically covers land acquisition, vertical construction, and an interest reserve on a single loan, with construction funds disbursed via draws as the build progresses through inspection milestones. Once construction is complete, the loan is paid off through a sale of the finished property or refinanced into long-term financing.

Hawaii market

Why Hawaii works for investor lending.

Hawaii is a specialty market. STR + LTR mixed strategies work in resort corridors where zoning permits. Constrained land supply supports long-term property values. Military and tourism employment anchors rental demand on Oahu especially.

STR corridor

Hawaii's resort corridors host some of the most active short-term rental markets in the country where zoning permits STR use. Our DSCR program supports STR income scenarios.

Constrained supply

Hawaii's islands have inherently constrained developable land supply, which supports long-term property values and rental rates over the hold period.

Deep tourism + military demand

Tourism-driven employment and consistent military stationing (Pearl Harbor, Schofield, MCB Hawaii) anchor sustained rental demand across Oahu in particular.

Metros served

SLA Capital lends across every Hawaii metro.

Whether you're closing a single-asset SFR in a smaller Hawaii market or a portfolio in a major metro, we're active statewide. High-volume markets we regularly close in include:

Honolulu (Oahu)

Waikiki, Kapolei, Kailua — LTR + STR where zoning permits

West Oahu

Ewa Beach, Waipahu, Kapolei — SFR corridor

Maui

Kihei, Lahaina, Wailea — STR + LTR mix

Big Island (Hawaii County)

Kona, Hilo, Waikoloa

Kauai

Lihue, Poipu, Princeville — resort STR corridor

Ko Olina & Kapolei

West Oahu resort + LTR mix

Windward Oahu

Kaneohe, Kailua — premium LTR

Everywhere else

Statewide coverage — send us any Hawaii property

Hawaii New Construction terms.

Same nationwide program, no state-specific surcharges.

Pricing

Rates from 10%

Up-front pricing on every loan. The rate you're quoted is the rate you close at — no surprises at the closing table.

Leverage

85% land / 85% build

Up to 85% of the land purchase price plus 85% of construction costs. High leverage that keeps your capital deployable.

Interest

Non-Dutch interest

Pay interest only on the funds you've actually drawn, not on the undrawn balance. Keeps carrying costs down during early build phases.

Term

18 or 24 months

Choose the term that fits your build schedule. Straightforward extensions available on active projects.

Approval

Unpermitted land OK

Land does not need to be permitted or warranted before loan approval. Get under contract and permit in parallel.

Size

$100K to $7.5M

From single infill lots to multi-unit projects across Hawaii. Same clean underwriting from starter builds up to $7.5M.

Hawaii New Construction FAQ

Common questions about New Construction loans in Hawaii.

Does SLA Capital lend on New Construction in Hawaii?

Yes. SLA Capital funds New Construction loans throughout Hawaii — Honolulu (Oahu), West Oahu, Maui, Big Island (Hawaii County), Kauai, and every other HI metro. Rates from 10%, up to 85% land + 85% construction.

How much of the Hawaii project does SLA finance?

SLA Capital finances up to 85% of the land purchase plus 85% of construction costs in Hawaii. Loans range from $100,000 to $7,500,000.

Does the land need to be permitted to qualify?

No. SLA Capital does not require the land to be permitted or warranted before loan approval. Get under contract and start underwriting in parallel with permitting.

How is interest calculated on the loan?

Non-Dutch interest — borrowers pay interest only on funds that have been drawn, not on the undrawn balance. This keeps carrying costs down during early build phases when most of the loan hasn't been disbursed yet.

Is Hawaii a good state for ground-up builders?

Hawaii is a specialty market. STR + LTR mixed strategies work in resort corridors where zoning permits. Constrained land supply supports long-term property values. Military and tourism employment anchors rental demand on Oahu especially.

Get started

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Send us the property. Our sizer returns a real term sheet in minutes.

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