11/02/2026
FUNDED DEAL: Myers Capital Hawaii, LLC, NMLS 1662480, a residential and commercial mortgage banking company and direct private lender—partnered with its affiliate, Koa Mortgage Fund, to fund a $145,000 equity cash-out bridge loan secured by a single-family investment property in Columbus, NC. Koa Mortgage Fund, a pooled mortgage debt fund, structured the loan at a conservative 46.77% loan-to-value based on an appraised value of $310,000. The Borrower, an experienced real estate investor and repeat client, wanted to unlock equity from the North Carolina property, which was 90% complete, to support a fix-and-flip project in South Carolina. The refinancing paid off the existing North Carolina mortgage, with the remaining proceeds applied toward renovations of the South Carolina single-family property. The North Carolina home was in good condition and is approximately 1,241 square feet, set on a 5.71-acre lot in a rural area. The Borrower had excellent credit and plans to repay the loan through a property sale after renovations are completed. The loan carries a fixed 13% interest rate with interest-only payments. The loan term was set at 9 months. This bridge loan was fully funded in July 2026.
Visit this page on Private Lender Link to learn more about the deal and the lender: https://pllk.io/279888
Dealmakers: Reed Myers, Principal