Great Lakes Private Lending for Hawaii investors
Great Lakes Private Lending is a smaller regional private money operator with Chicago and Wisconsin coverage.
Hawaii context
Hawaii lowest property tax rate but highest acquisition prices. DSCR economics challenging. STR heavily restricted on Oahu and Maui. Foreign national investor activity strong.
How Great Lakes Private Lending positions in Hawaii
The Hawaii lender pool for DSCR includes Great Lakes Private Lending among the active platforms. Hawaii top metros (Honolulu, Hilo, Hawaii) see meaningful Great Lakes Private Lending loan volume.
City-level coverage in Hawaii
Great Lakes Private Lending provides DSCR coverage across Hawaii metros including Honolulu, Hilo, and Hawaii. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Great Lakes Private Lending program terms apply uniformly across Hawaii metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | Private money |
|---|---|
| Products | fix-and-flip, bridge, rental, private notes |
| Loan size | $50K - $2.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 70% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 5-10 days typical |
| Hawaii property tax | 0.3% |
| Hawaii state income tax | 11% |
Great Lakes Private Lending strengths in Hawaii
- regional Midwest focus
- investor-friendly underwriting
Ideal borrower: Chicago or Wisconsin investor
FAQ
Likely; verify direct Hawaii coverage. Great Lakes Private Lending is based in Chicago, IL and operates in Chicago and Wisconsin.
Honolulu is the top investor market in Hawaii and is generally within Great Lakes Private Lending Chicago and Wisconsin footprint. Honolulu property tax follows the Hawaii state rate of 0.3 percent. Great Lakes Private Lending typically underwrites Honolulu acquisitions at standard rate sheets.
Yes. Hilo ranks among the larger Hawaii investor metros and sees consistent DSCR loan volume from Great Lakes Private Lending. Submarket variation within Hilo matters for property selection.
Great Lakes Private Lending applies the same rate sheet across Hawaii metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Honolulu, Hilo, and Hawaii all qualify for the same Great Lakes Private Lending program.
Great Lakes Private Lending indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
Hawaii lowest property tax rate but highest acquisition prices. DSCR economics challenging. STR heavily restricted on Oahu and Maui. Foreign national investor activity strong. Great Lakes Private Lending follows standard business-purpose loan structures.
Great Lakes Private Lending funds fix-and-flip, bridge, rental, private notes in Hawaii.
Hawaii allows standard DSCR prepay structures; Great Lakes Private Lending typically uses 3-5 year step down.
Great Lakes Private Lending typical close: 5-10 days typical.
Bottom line
Great Lakes Private Lending in Hawaii works for the right borrower-deal combination. Match the lender to your deal characteristics.
Independent directory listing. DSCR Loan Program is not affiliated with Great Lakes Private Lending.