Financing in Honolulu>Question Details

Fun.traveler…, Home Buyer in San Francisco, CA

I have 2 units in a hotel-condo bldg. I still owe 90K at 7%. I want to refinance at a lower rate. Anyone know of a lender that can help?

Asked by Fun.traveler.ca, San Francisco, CA Thu Jun 14, 2012

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4
Depending on the Condo-Tel I can probably refinance at a lower rate. George Beavin (808)521-9999
0 votes Thank Flag Link Fri Jun 15, 2012
Yes, First Hawaiian Bank does some condo tel Call and check with them # 643-5626
0 votes Thank Flag Link Thu Jun 14, 2012
As far as I know, the only possible lender is First Hawaiian Bank. Try:
Stephen D. Dunn
Sr. Loan Officer
Mortgage Banking Department
MLO #557113
Direct: (808)532-9856
FAX:(808)532-9872
Cell:(808)221-2637
0 votes Thank Flag Link Thu Jun 14, 2012
Depending if you have a full kitchen or not, this could be quite a challenge. We haven't seen financing for lodging units in the past few years, but it might come back. Best bet would be to talk to your existing mortgagor to see if they can lower the rate. If you have a full kitchen, there are a couple of banks in town that might consider a portfolio loan. Let me know if I can help you further. Aloha.
0 votes Thank Flag Link Thu Jun 14, 2012
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