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UNITEDLENDING

Investment property loans · ME

Hard money, fix and flip and DSCR loans in Maine

Maine investors bring us deals in Portland and in the older mill and river cities of Lewiston and Bangor. Most are older multi-family houses bought to renovate and rent, and we finance the purchase, the rehab and the refinance.

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Markets

Where we lend in Maine

Cities we lend in include Portland, Lewiston and Bangor, and the towns around them.
PortlandOlder multi-family houses on the peninsula and in the neighborhoods around Back Cove, bought to renovate and rent.
Lewiston and AuburnMill-era multi-unit buildings near downtown, bought for rental income, often with a renovation first.
BangorThe service center for eastern and northern Maine, with older houses and small multi-family buildings near downtown.

Maine

Loans by city in Maine

Each city has its own page: the neighborhoods investors buy in, the housing and the local rules worth checking before an offer.

Loan programs

Loans for Maine real estate investors

Pick the loan that fits the deal: short-term money to buy, renovate or build, or a long-term loan to hold the property. Published limits are subject to appraisal and underwriting.
Long-term

DSCR rental loans in Maine

30-year loans for Maine rentals of 1–4 units, fixed or adjustable, qualified on the rent with no personal income verification: up to 85% of the price on a purchase, with loans from $75,000.

Purchase LTV up to85%
Term30 years
Income docsNot required
Loans from$75K

Subject to appraisal and underwriting.

DSCR loans: terms and requirements
Short-term

Fix and flip loans in Maine

Buy and renovate in Maine with up to 95% of the price and 100% of the rehab budget, on a 12–18 months interest-only loan with no prepayment penalty when the house sells.

Purchase price up to95%
Rehab funded up to100%
Term12–18 months
Prepayment penaltyNone

Subject to appraisal and underwriting.

Fix and flip loans: terms and requirements
Short-term

Bridge loans in Maine

Close quickly on a Maine property with up to 95% of the cost financed and a 12–18 months interest-only term, then sell it or refinance onto a long-term loan. No prepayment penalty.

Leverage up to95% LTC
Term12–18 months
PaymentsInterest only
Prepayment penaltyNone

Subject to appraisal and underwriting.

Bridge loans: terms and requirements
Short-term

Ground-up construction loans in Maine

Financing for new builds in Maine, from spec homes built to sell to rentals built to hold. Every project is quoted on its plans, budget and builder.

Quoted on your deal.

Construction loans: get a quote
Long-term

Multifamily and commercial loans in Maine

Financing for Maine apartment buildings of five units or more, mixed-use and commercial property, quoted on the building's income.

Quoted on your deal.

Multifamily and commercial: get a quote

Good to know

Before you buy in Maine

Local things that change a deal's numbers or its closing date. Check them before you make an offer.
  • Maine's real estate transfer tax is $2.20 per $500 of value, split evenly between buyer and seller. The part of a price above $1,000,000 carries an extra $3.80 per $500.
  • If you sell Maine property and aren't a Maine resident, the buyer has to withhold 2.5% of the price on sales of $100,000 or more and send it to Maine Revenue Services, unless the state approves a reduction or exemption. Plan your exit cash around it.

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Have a Maine property in mind?

Contact details first, then single-tap answers on the property, the amount and when you need to close. A loan officer phones you back with terms.
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United Lending LLC offers business-purpose financing secured by non-owner-occupied investment real estate. We do not offer loans for personal, family or household purposes, or loans on owner-occupied primary residences.

Questions

Loans in Maine: common questions

Do you offer hard money loans in Maine?

Yes. United Lending LLC offers private real estate financing for investors in Maine: short-term fix and flip and bridge loans sized on the deal, 30-year DSCR loans sized on the rent, and construction and multifamily financing quoted per deal. We're headquartered in Brooklyn, New York, and lend nationwide.

Do you lend in Maine?

Yes. United Lending LLC offers business-purpose financing on investment property across Maine, including Portland, Lewiston and Bangor. Tell us the property's address on the form and a loan officer will confirm the details on the first call.

Which loans can I get for a Maine property?

Fix and flip loans of up to 95% of the price and 100% of the rehab budget, and bridge loans up to 95% loan-to-cost, both on 12–18 months interest-only terms. DSCR rental loans are 30-year loans on 1–4 unit rentals, fixed or adjustable, up to 85% loan-to-value on a purchase and 80% on a cash-out refinance; those are separate limits, not one combined offer. Construction and multifamily loans are quoted per deal. All limits are subject to appraisal and underwriting, and every loan is for property you invest in, not a house you or a relative will occupy.

Is there a prepayment penalty on a Maine loan?

There's no prepayment penalty on fix and flip or bridge loans. DSCR rental loans come with a choice of prepayment terms, from none up to five years, set out in your written terms before you commit.

Do I need to live in Maine or have an LLC there?

No. Many of our borrowers invest outside the state they live in. You can borrow in your own name or through an LLC; if the LLC was formed in another state, your loan officer will tell you what's needed before closing.

Where we lend

More states with local pages