Private Lender: A private lender is an individual or a private entity that provides loans to borrowers, typically outside the traditional banking system. These lenders offer financing options based on their own criteria and terms, often focusing on real estate investments, business ventures, or personal loans. Private lenders are known for their flexibility, speed, and the ability to tailor loan terms to meet specific borrower needs.

Promissory Notes: A promissory note is a legal document that outlines the terms of a loan agreement between a lender and a borrower. It serves as a written promise by the borrower to repay the lender a specified sum of money, either on demand or at a predetermined future date. Promissory notes include details such as the principal amount, interest rate, repayment schedule, and any other terms agreed upon by both parties. They are commonly used in private lending arrangements to formalize the loan agreement and protect the interests of both the lender and the borrower.

Mortgage Deed: A mortgage deed in Hawaii is a legal document that secures a loan with real estate as collateral. It involves the borrower (mortgagor) and the lender (mortgagee), detailing the property description, borrower's obligations (rate and term), and lender's rights. The deed must be recorded with the local county to establish lien priority. If the borrower defaults, the lender can foreclose, with the process being either judicial or non-judicial. This document ensures the lender's legal claim to the property in case of default and provides security for lending.

How we use private lenders to fund our projects in Hawaii

We work with people from Hawaii that are interested in lending at a 1% interest only rate per month for a 12-15 month total promissory note. Through building relationships and doing this we have been able to scale our operation and successfully build and exit over 20+ projects in the state of Hawaii of near close to $4M in private capital.