Section 538 loans in Hawaii

USDA's public file lists 1 Section 538 guaranteed loan in Hawaii, $8,895,352 in all, financing 82 apartments. 1 of them also used housing tax credits. The median loan covered 24% of total development cost.

Lenders on these loans

LUMENT REAL ESTATE CAPITAL, LLC1

Lender names as USDA records them. Open Country is not affiliated with any lender listed.

Source: USDA Rural Development, Section 538 guaranteed loan public data (as of October 19, 2026). Rents are average contract rents USDA recorded for each bedroom size.
Project	Closed	Loan	Loan to cost	Units	1BR / 2BR / 3BR rent
Kunia Village Kunia · New Construction · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC	2018	$8,895,352	24%	82	- / $1,650 / $1,850