Maine Bridge Lenders for Residential Properties
Are you seeking a bridge loan secured by residential property in Maine? On this page you'll find a list of select bridge lenders for Maine investment properties with 1 to 4 units. To get a 1st lien bridge loan, you must have at least 30% equity. Due to state laws and regulations, it's not possible to get a bridge loan for a homestead (owner-occupied primary residence) or 2nd home. Change the loan type to 'Residential Owner-Occupied' to find some alternative lending options.Searching...
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RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
LendingOne
Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide
Stormfield Capital, LLC
Direct Balance-Sheet Lender for Investment Properties
Cardinal Capital Group
New England Direct Private Money Lender
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
Gelt Financial, LLC
Creative Private Financing for Commercial Real Estate since 1989
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors
Yieldi LLC
Direct Lender for Investment Properties - Bridge, Rehab, Construction
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Raymond C. Green Companies
Proudly Serving New England Developers and Investors for Over 50 Years
Maine Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Maine bridge loans in the 1sts quarter of 2024 was 12.00%. The average loan amount was $210,667. These stats are the average of 3 short-term loans (including rehab and ground-up construction loans) funded for properties in Maine between January 1, 2024 and March 31, 2024 by multiple bridge lenders 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 bridge loans secured by residential investment properties in Maine 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 bridge 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 Bridge Loan Lenders
According to Forecasa™, here are the Top 10 Bridge Lenders ranked by the number of bridge 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
Forecasa™ provides analytics data for Maine bridge loans on a quarterly basis. You’ll find their top lenders data for many other states on our platform.