Commercial Loan Direct (CLD) provides commercial real estate loans in the state of Hawaii. Current commercial loan rates in Hawaii range from 4.93% to 12.95%, depending on the loan program.
For more in-depth commercial interest rates, please visit our Commercial Loan Rates page.
Note: The commercial mortgage rates displayed in this website should be used as a guideline and do not represent a commitment to lend. Commercial Loan Direct and CLD Financial, LLC are not liable for any commercial mortgage interest rate or data entry errors that might affect the displayed commercial loan rates. Commercial loan rates may change at any time and without notice.
Hawaii Interest Rates starting at 4.93%. Tell us about your property and financing goals. We will match your request with lending options based on program fit and current market conditions.
The types of mortgages available for these types of properties are Conventional, CMBS / Conduit, Insurance, and Agency (FHA / HUD and USDA) products. Bridge and/or Construction mortgages are also available on a case-by-case basis in order to reposition, stabilize or construct buildings. Commercial real estate investment properties can include office, retail, industrial/warehouse, self-storage, healthcare (medical office, skilled nursing facility, memory care, hospitals), hospitality, (hotel, motel, resort), and mixed use.
Owner-Occupied commercial real estate properties in which the owner occupies at least 50% of the premises and can include office, retail, industrial/warehouse, self-storage, healthcare (medical office, skilled nursing facility, memory care, hospital), hospitality (hotel, motel, resort), mixed use, or any other type of commercial property. The types of mortgages available for owner-occupied buildings include Conventional, Insurance, and Agency programs including FHA / HUD, SBA, and USDA. Construction mortgages are also available on a case-by-case basis in order to develop or reposition a property for the owner's use.
Hawaii’s commercial lending market is capital-constrained, highly selective, and relationship-driven. While lenders are active, underwriting is conservative due to geographic isolation, high operating costs, limited exit liquidity, and economic concentration. Deals that succeed typically emphasize stability, strong sponsorship, and conservative leverage.
Owner-occupied properties are among the most financeable transactions in Hawaii, particularly when backed by long-established local businesses with consistent historical cash flow.
Stabilized multifamily underwrites relatively well, especially workforce and mid-market housing with long operating histories and predictable demand.
Essential-use and service properties (medical offices, grocery-anchored retail, utilities-adjacent uses) are viewed favorably due to steady local demand.
Hospitality is financeable but heavily scrutinized. Lenders focus on seasonality, labor availability, operating margins, and exposure to tourism cycles.
Office is underwritten conservatively, particularly older buildings or assets without strong long-term tenancy.
Value-add and redevelopment deals face tight leverage, higher equity requirements, and extensive due diligence due to construction costs, entitlement risk, and market depth limitations.
Oahu: The most lender-friendly island due to population density, employment concentration, and transaction volume. Most institutional lending activity is centered here.
Maui: Financing is selective and closely tied to hospitality performance, insurance considerations, and environmental exposure.
Hawaii Island (Big Island): Lending is conservative, with emphasis on essential-use properties and strong borrower liquidity.
Kauai and smaller markets: Credit is highly relationship-based, with lower leverage and limited lender participation.
Local and regional banks dominate the market. Relationships, deposits, and borrower reputation play a major role in approvals.
Credit unions can be active for owner-occupied and smaller-balance loans, particularly for local operators.
Mainland institutional lenders participate selectively, usually for large, stabilized assets on Oahu with strong sponsorship.
Expense pressure is a core underwriting factor. Utilities, labor, insurance, and maintenance costs are closely stressed.
Environmental and climate exposure (coastal risk, insurance availability) materially affects loan structure and reserves.
Exit liquidity is carefully evaluated due to limited buyer pools and longer disposition timelines.
A strong Hawaii loan request typically includes low-to-moderate leverage, defensible historical NOI, strong guarantors, and conservative operating assumptions.
Deals relying on aggressive rent growth, rapid repositioning, or short-term exits tend to struggle.
Hawaii is a capital-available but capital-protected lending environment. Owner-occupied, stabilized multifamily, and essential-use properties provide the clearest paths to financing, while hospitality, office, and redevelopment projects face tighter underwriting and higher equity requirements.
We are proud to be serving the state of Hawaii. Here are our commercial loan statistics for this state.
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Commercial loan direct provides services in the following Hawaii cities. Please note we may be able to provide services in other cities as well by request. Rates are dependent on the market in your locale, feel free to use the provided Hawaii economic reports to get a better understanding of your market.
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What Clients Say About Us
Fernando and Leanne are amazing. I had many small businesses that need refinancing over the years. I have met many Brokers and there is always a catch. ALWAYS!… Use them! Once you do you will work with them forever
- Nirav Patel
If you searching for a great experience Commercial Loan Direct is the place. Leanne took care of me and honestly had the greatest experience. She handled all of my needs in a smooth and timely manner listened and addressed any concerns I had about the process and was very patient. I can be quite a handful at times and Leanne was so professional and kind hearted. I'd 100% recommend this company. Thank you again.
- Vincent Arias
We were in unfamiliar territory when it came to refinancing. Commercial Loan Direct streamlined the whole process for us. Leann connected us with lenders that were the right fit for us. The money and time we saved was so worth it. I highly recommend them
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