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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Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
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 2nd quarter of 2024 was 11.36%. Lenders charged an average of 2.0% points (origination fee). The average LTV (loan-to-value) for private money loans in Maine was 69%, and the average loan amount was $536,500. These stats are the average of all the loans which were funded between April 1, 2024 and June 30, 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 from June 2023 to May 2024.
- Lincoln Capital LLC
- Mr Qualified Alternatives LLC
- Loon Island Capital LLC
- Chickadee Equity LLC
- Atlantic National Trust LLC
- Sawin Capital LLC
- Weston Ventures LLC
- Interim Capital LLC
- Cutler Lending LLC
- Sunrise Housing LLC
Forecasaâ„¢ gives investors and lenders in the private real estate market powerful analytics and actionable insights. They help you skip the hassle of combing county records and focus on closing deals. With detailed market trends, investor and lender activities, and competitive benchmarking, you can make smart, strategic decisions. Some of their services include dynamic market reports, transaction-level details, customer analytics, borrower verification, and in-depth profiles of investors, lenders, and capital partners. You’ll find their top lenders data for many other states on our platform.