Maine Hard Money Loans

A hard money loan is essential for your Maine house flipping project. We love real estate investing, and because of that we have been able to create loan programs that will help investors reach their goals and meet their objectives. We can fun fix and flip investments, refinances and foreclosure loans for both new and experienced investors. We close quickly and have competitive interest rates and terms. We can also extend rental property funding for buy and hold investments for experienced investors.

Fix and Flip – Refinance – Buy and Hold – New Construction
  • No Experience Required

  • No Minimum Credit Score

  • Interest rates starting at 7.99%

  • Loans from $50k – $5M

  • No prepayment penalty

  • Up to 100% advance on rehab costs

  • Up to 100% advance on purchase price

  • Lend up to 70% of ARV

  • 5 – 12 month loan terms

  • Extensions available

I am hoping this will be the first deal of many to come. I need a one-stop shop with good rates and I will bring you all the business you can handle.

Finesse Investments, Quincy, MA

Maine Hard Money Loan Terms

Multiple Deals
YES

Yes. We allow you to do 3 deals at a time, enabling you to stay busy and rake in even more profit at a faster pace.

Experience
NONE

Many other lenders either won’t lend to you or will jack up their prices unless you have prior experience, but we’re all making profitable real estate investing accessible to anyone.

Credit Score
NONE (No Judgements/Get Credit Partner)

None. A bad credit score will affect your points and interest, but because we lend on the property’s after repair value it won’t keep you from getting a loan

Interest Rate
7.99-15%+ (Annual)

Our interest rates of 7.99-15%+ annually fall pretty middle of the road. We are not the cheapest, nor the most expensive, but our 100% financing options allow you to leverage our money.

Purchase Price
75-100%

We will cover 75-100% of the purchase price.

Advance on Rehab Costs
50-100%

We will provide 50-100% advances on rehab costs.

After Repair Value
60-70%

We lend up to 70% of the ARV. We will fund everything but earnest money as long as it fits within 70% of the ARV.

Property Type
Single Family Residences, Duplex, Multi Family

We will lend on a variety of different properties including single family residences, duplexes and multi-family.

Refinancing
AVAILABLE

Yes. With traditional lenders limited to strict loan parameters, we focus on equity over borrower financials. This gives you the liquidity needed for your individual situation.

Fix and Flip
AVAILABLE

Fix and flip options are available.

Rental
AVAILABLE

Rental options are available.

Construction
AVAILABLE

Construction is available.

Refinancing
AVAILABLE

Yes. With traditional lenders limited to strict loan parameters, we focus on equity over borrower financials. This gives you the liquidity needed for your individual situation.

Fix and Flip
AVAILABLE

Fix and flip options are available.

Rental
AVAILABLE

Rental options are available.

Construction
AVAILABLE

Construction is available.

loan inquiry

Maine Real Estate Market Statistics (2015)

Maine is the epitome of New England charm and beauty. Known for its rocky coastline, rolling mountains, beautiful forests and picturesque waterways, Maine has become a must-see state for home-buyers. It is particularly popular among seafood lovers, sporting some of the nation’s best lobster and other aquatic cuisine. Maine is also known for its fascinating historical sites. Sales of single-family homes have recently skyrocketed, making the timing perfect for the real estate investor to take advantage of excellent deals in Maine. According to Mainerealtors.com, “A strong confidence in the economy has fueled sales of single-family existing homes across the state of Maine.”

0
Population
0
Housing Units
0
Number of Flips
0%
% Change in Flips

Purchase Price

National Average: $188,900
Maine Metro Areas: $219,000

Gross Margin

National Average: $55,000
Maine Metro Areas: $64,000

Number of Houses Flipped

National Average: 179,778
Maine Metro Areas: N/A

% Change in Houses Flipped

National Average: 0.2%
Maine Metro Areas: N/A

It is time for you to flip a house in Maine!