Flipside Lending recently funded a DSCR loan for a newly constructed single-family residence with an accessory dwelling unit (ADU) in Lahaina, Hawaii.
The borrower is a returning client with more than 30 years of experience as an investor and homebuilder. With a net worth exceeding $50MM, the sponsor has built luxury homes, condos, and multifamily properties at scale on the mainland and is now focused on Hawaii, executing a strategy of buying and building high-end homes for both resale and long-term rental holds.
With a conservative 55% LTV structure, Flipside delivered long-term financing that supports both liquidity and stability, positioning the borrower for continued growth in the Hawaii market.
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