Hilo Hard Money Lender

Hilo Hard Money Lender

In the Hilo real estate market, grabbing properties before your competition is essential for making the best deals. Although real estate investors sometimes go the traditional route and seek bank loans, the process is anything but speedy.

When time is of the essence, waiting for the lengthy process of getting approval is not an option for most investors. Hilo hard money lenders specialize in providing hard money loans which provide quick funds to investors. These loans are for a non owner occupied property or in some cases for business purpose loans.

Hilo Hard Money Lender FAQ’S

Below are some of the most frequently asked questions we get regarding hard money loans and lenders in Hilo.

What Do Hilo Hard Money Lenders Specialize in?

Hilo hard money lenders specialize in providing short-term, creative financing for real estate investors. If you seek a conventional lender to purchase an investment property, your loan request will be based on the property’s value and your assets. Your credit score, job, and finances will be scrutinized intensely.  Hard money lenders base their final loan decisions on the after-repair value. The ARV represents the potential value of a property after all repairs have been accomplished.

What are the Benefits of Hilo Hard Money Loans?

Hilo hard money loans offer advantages that traditional banks cannot. Lenders like Acamnet Financial offer a higher level of flexibility than banks.  When qualifying for this type of loan, lenders do not delve too deeply into the finances of real estate investors. In most cases, simply present the property and your plans, which saves you the hassle of gathering countless financial documents.

Do Hilo Hard Money Lenders Look at my Credit Score?

One of the greatest benefits of working with Hilo hard money lenders is the lack of credit score requirements. One of the first things a bank does is check your credit score.  You can get approved for a hard money loan in Hilo even if you have bad credit or poor credit, bankruptcies, and foreclosures in the past. Hilo Hard money lenders primarily care about the property you are purchasing.

What is the Interest Rate & Points for Hard Money Loans in Hilo?

Interest rates for hard money loans in Hilo are typically higher than traditional bank loans (conventional loans) because of the greater risk lenders must take on when approving loans. When searching for a hard money lender near me in Hilo, you will find average interest rate is between 8%-15%.  You should also be aware that lenders sometimes charge points that are meant to offset their administrative costs. Each point represents 1% of the total loan amount.  The average points lenders charge is between 1 to 3. Some lenders may charge up to 10 points. These points are due upfront or at closing, depending on the lender.

What Should I Look for in a Hilo Hard Money Lender?

There are many benefits to working with a Hilo hard money lender.  You just need to make sure you are working with the right lender.  You can rely on Acamnet Financial Group when you need us most.  We offer reliability, consistency, experience, and support.  As a real estate investor, you know the importance of grabbing the best property deals when they become available.

How can Hard Money Lenders in Hilo Help Me?

Whether you are new to real estate and real estate projects or an old pro, you know having the capital to purchase real estate is essential. Without funds, you will miss out on real estate transactions.  When you partner with hard money lenders in Hilo, you will quickly get the money you need without jumping through the hoops of traditional bank lenders.

How do I get a Hard Money Loan in Hilo?

When you want a hard money loan in Hilo, begin by preparing the property information. Location, size, purchase price, after repair value, repair costs, etc.  In most cases, the financing will be based on these numbers.  Then, apply for a hard money loan in Hilo using this information and supply some financial information.  Then, an appraisal will be ordered to assess the loan-to-value ratio, which will influence the loan amount.

How do I Refinance a Hilo Hard Money Loan?

Refinance a Hilo hard money loan will involve moving from a high interest, short term loan to a longer term, usually lower interest rate loan. Typically a conventional type of loan.  When refinancing a Hilo hard money loan you will find it will have a more stringent set of guidelines.  You will need to have sufficient credit and income qualifications.  As the lending landscaping and regulations constantly change, you want to consult a knowledgeable conventional loan expert.

Here’s other cites we can help with in Hawaii: Hard money lender Hawaii

Current Real Estate Trends In Hilo (2024)

The real estate market in Hilo, HI is currently exhibiting a blend of trends. The median listing home price stands at $500K, with a median listing price per square foot of $412. However, there has been a -8.9% decrease year-over-year.

On average, homes in Hilo sell after 66 days on the market, with a sale-to-list price ratio of 99.56%. Despite the recent dip in prices, long-term forecasts indicate an expected increase in home values, creating positive investment opportunities.

A platform providing real estate market analysis, forecasts a dip in home values within the next 12 months. But it also projects a 23.724% surge in home prices over the next 10 years.

Median Home Prices

The median home price in Hilo City is now at $401,393 USD, showing a decrease of 2.3% over the last year. This implies that the housing market in Hilo City has had a slight dip in home values.

To get a better idea of the current real estate climate, let’s look at the market overview.

Market Overview

Based on the market overview, the 1-year forecast for Hilo’s real estate market predicts various trends such as the median sale to list ratio, the percentage of sales over and under list price, and the median days to pending. These metrics are invaluable in understanding the current market and can be very useful for buyers and sellers when making decisions.

It is also important to consider other factors such as economic conditions, population growth, and job opportunities. These can all have an effect on the real estate market and should be taken into account when planning for the future.

The market forecast for Hilo’s real estate market provides valuable insights into the current state of the market and can help buyers and sellers make more informed decisions.

Market Forecast

Hilo’s real estate market is providing valuable insights into the future. Current data and trends suggest that in the next 12 months, home values in Hilo will likely decrease. But predictions in the long run point to a potential rise in home sales prices over the coming decade.

When it comes to real estate investments in Hilo, it is essential to factor in these forecasts.

It is wise to analyze the market in order to make informed decisions. It is important to understand the current trends and data in order to get a glimpse of what the future may hold. Taking this into account, Hilo is expected to experience a dip in home values in the near term. Despite this, there is hope that home sale prices could increase over the next 10 years.

Hilo’s real estate market is offering insight into the future. It is essential to factor in current trends and predictions to make sound decisions when it comes to investing in the city. By doing so, investors can have the best chance for success.



All About Hilo

Welcome to Hilo, a vibrant town snuggled on the Big Island of Hawaii. Its attractions, parks, and museums offer a blend of natural beauty and cultural heritage. As you explore, you will be met with stunning rainbows across the sky, thanks to its beautiful location overlooking Hilo Bay.

You can take a leisurely stroll through the lush parks, visit the renowned Liliuokalani Park and Gardens, or take in the view from Coconut Island. Don’t miss the chance to visit Banyan Drive, home to the famed Hilo Farmers Market, where you can sample fresh local produce.

Adventure awaits with exciting outdoor activities such as exploring the Kaumana Caves or sailing on a traditional Hawaiian canoe. On rainy days, learn about the area’s history and science by visiting the Imiloa Astronomy Center, Pacific Tsunami Museum, or Lyman Museum.

Attractions and Parks

Hilo is a paradise for nature lovers, boasting a variety of attractions and parks.

Liliuokalani Park and Gardens, located on the edge of Hilo Bay, is dedicated to Queen Liliuokalani and includes the largest Japanese gardens outside of Japan. It features arched bridges, fishponds, and pagodas, providing a peaceful and picturesque experience.

Connected to the park is Coconut Island, also known as Moku ola, which provides a stunning view of downtown Hilo and gives visitors the chance to picnic, fish, and take in the beautiful surroundings.

Another great spot is the Hilo Beach Parks, which offer stunning beaches, tide pools, and grassy areas for picnicking and relaxation.

With its abundant attractions and parks, Hilo is sure to provide a memorable experience.

Landmarks and Scenic Spots

Located on the edge of Hilo Bay, Liliuokalani Park and Gardens provides a stunning view of Japanese-style gardens. Spanning 30 acres, this park is the largest of its kind outside of Japan, featuring arched bridges, fishponds, and pagodas all surrounded by lush greenery and vibrant flowers. Dedicated in 1917, this park serves as a tribute to the Japanese immigrants who settled in Hilo. Visitors can enjoy the peaceful atmosphere and tranquility of the park.

After visiting Liliuokalani Park and Gardens, take time to explore the culture and flavors of Hilo at the Hilo Farmers Market. Here, you can sample local dishes, purchase fresh produce, and find unique items like handmade jewelry and crafts.

The beauty of Liliuokalani Park and Gardens and the vibrant atmosphere of Hilo Farmers Market make it a great place to spend the day. Whether you want to take in the scenery or immerse yourself in the culture, you’ll find plenty to do and explore in Hilo.

Farmers Market

Visit the Hilo Farmers Market and be amazed by the vivacious atmosphere and delicious food.

Open on Wednesdays and Saturdays, the market is a must-see attraction. Over 200 vendors have a selection of items from fresh produce to handmade jewelry.

The scent of coffee and the music of live performances fill the air. With your visit, you can try the well-known Hawaiian plate lunch or a tropical smoothie.

After you have explored the market, you can enjoy the exciting outdoor activities the city has to offer.

Outdoor Activities

Experience the nature and adventure that awaits you in Hilo and create memories that will last a lifetime. Perfect for nature lovers and thrill-seekers alike, Hilo has a lot to offer.

Relax at the stunning Hilo Beach Parks, where you can enjoy picnics, swim in the clear waters, and snorkel to explore the vibrant marine life.

Take a hike through the lush parks and rainforests to witness breathtaking waterfalls and amazing views.

Hawaiian Canoe Sailing is an opportunity to really immerse yourself in the rich maritime culture of Hilo Bay.

Even on a rainy day, there are plenty of things to do indoors, such as visiting the Imiloa Astronomy Center, the Pacific Tsunami Museum, and the Lyman Museum.

Get ready to embark on an incredible journey in Hilo – nature and excitement await at every turn.

Rainy Day Activities

Experience the wonders of Hilo even on a rainy day by visiting the Imiloa Astronomy Center. Step inside and be transported to the stars as you explore the modern planetarium, where you can admire the beauty of the night sky and learn about the mysteries of the universe.

Participate in hands-on science exhibits that showcase the wonders of astronomy and the natural world. Enjoy captivating displays and artifacts that highlight the rich history and culture of Hawaii.

Visit the Pacific Tsunami Museum to gain a deeper understanding of the island’s volcanic origins and the devastating impact of tsunamis on Hawaii’s coastal communities.

Continue your rainy day adventure at the Lyman Museum, where you can explore the history and natural science of the island through engaging exhibits and educational programs.

No matter the weather, Hilo offers a multitude of indoor activities that will leave you inspired and enlightened.