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.
Maine Hard Money Loan Terms
What Kind of Funding Is Available?
Up to 100% Financing Available
We fund up to 70% of the ARV
Minimum ARV of $70,000
No minimum loan amount
Maximum loan amount $250,000
Loan term 5 months
What Will It Cost?
Interest starting at 1.25% per month
Origination starting at 5.5%
No monthly payments
No and low cash to close options available
Gap financing allowed
No pre-payment penalty
Why Use DoHardMoney?
Full disclosure at time of loan offer
Proprietary foreclosure protection
No experience required
No minimum credit score required
Simultaneous deals allowed
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.
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.”