Best Loans for Rehab Fix and Flip in Maine
Maine, "The Pine Tree State", is a great place to invest in property! With so many attractions and places to see, you're sure to make money on a fix and flip or new construction! So what are you waiting for? Get out there and start exploring the Maine investment property market!
Maine Loan ApplicationInvestment Properties in Maine
The real estate market in Maine offers a variety of opportunities for investors!
For those looking for income-producing properties, the state's major metropolitan areas offer a mix of apartments, mixed use and residential homes. As far as who lives and works in Maine, the breakdown looks like this; 25 to 34-year-olds make up 12.4% of the population, while 35 to 44-year-olds make up 16.7%. 45 to 54-year-olds make up 23.5% of the population
For those interested in developing land, there are roughly 1,278 undeveloped parcels available, largely in the more rural parts of the state. Average rental prices are $1,234. while the median sale price is $190,400. Of course, as with any investment, it's important to do your homework before moving forward. But with its diverse economy and growing population,Maine can be an attractive option for real estate investors.
Get your Maine property portfolio going! Contact us or apply today!
For those looking for income-producing properties, the state's major metropolitan areas offer a mix of apartments, mixed use and residential homes. As far as who lives and works in Maine, the breakdown looks like this; 25 to 34-year-olds make up 12.4% of the population, while 35 to 44-year-olds make up 16.7%. 45 to 54-year-olds make up 23.5% of the population
For those interested in developing land, there are roughly 1,278 undeveloped parcels available, largely in the more rural parts of the state. Average rental prices are $1,234. while the median sale price is $190,400. Of course, as with any investment, it's important to do your homework before moving forward. But with its diverse economy and growing population,Maine can be an attractive option for real estate investors.
Get your Maine property portfolio going! Contact us or apply today!
Maine
Loan Summary Information for Maine
Getting the right funding in Maine can be challenging but we can help; Lend Some Money (LSM) offers private money for real estate, built for your local investment needs in Maine. Whether you flip houses, or are interested in building a new home to sell, or a rental for the long term, LSM has a product that can help. We are one of the premier hard money lenders in Maine. Read on to learn more about our current offerings in Maine.
| Loan Products | FICO | $ Loan | Term | Rate | Points |
|---|---|---|---|---|---|
| FIX&FLIP (BRIDGE) | 620+ | $75K+ | 12-24 Mos | 10.25%+ | 2-4 |
| RENTAL (1-4) | 660+ | $75K+ | 30-Yrs | 7.59%+ | 1-4 |
| RENTAL (5+) | 680+ | $250K+ | 30-Yrs** | 7.89%+ | 2-5 |
| NEW CONSTRUCT | 650+ | $75K+ | 12-24 Mos | 10.89%+ | 2-4 |
All loans must be used for non-owner occupied properties purchased for investment. Commercial properties are not eligible for lending unless they are mixed use and comprise at least 50% residential use.
** 30 Years 5, 7, 10 or interest only