Maine Private Money Lenders
Seeking a private money loan secured by real estate in Maine? On this page you'll find a list of direct private money lending companies that offer fast funding for a Maine property purchase, refinance, or equity cash out in 1st lien position. Private money loans are for short-term (3-24 months) and primarily qualify based on equity in the subject property, at least 30% for most lenders. Scroll below the lender listSearching...
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Maine Private Money Interest Rates
According to the private money loan documents software company, Lightning Docs, the average interest rate for Maine private money loans in the 1st quarter of 2024 was 12.00%. The average loan amount was $210,667. These stats are the average of 3 short-term loans (including bridge, rehab, and ground-up construction) funded for investment properties in Maine between January 1, 2024 and March 31, 2024 by multiple private lending companies that use Lightning Docs as their preferred software provider to prepare loan documents.
According to private lending data provider, Analytics Logics, the average interest rate for Maine private money loans in the 1st quarter of 2024 was 9.99%. Lenders charged an average of 1.5% points (origination fee). The average LTV (loan-to-value) for private money loans in Maine was 63%, and the average loan amount was $417,510. These stats are the average of all the loans which were funded between January 1, 2024 and March 31, 2024 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 Maine Private Lenders
According to Forecasaâ„¢, here are the Top 10 Private Lenders ranked by the number of private mortgage loans originated in Maine in the last 12 months from March 2024.
- Lincoln Capital LLC
- Delta Realty LLC
- Whitman Group
- Loon Island Capital LLC
- Sawin Capital LLC
- Geneva Ventures LLC
- Jmarr Enterprises LLC
- Titan Funding LLC
- Atlantic National Trust LLC
- Genesis Fund
Forecasaâ„¢ provides analytics data for Maine private lending on a quarterly basis. You’ll find their top lenders data for many other states on our platform.