Maine flips are older-home projects on a short building season. Portland-area homes, Lewiston triple-deckers and Bangor capes all need work, and the investor who closes quickly can get the rehab done before winter.
In short: Our top pick for hard money in Maine is LendingStreet. We offer hard money style speed, closing in as little as 10 days, with up to 90% of cost and up to 100% of rehab on some programs, from $150,000 to $5M+. Rates start from 7.99%. Many Maine investors keep 2-4 unit buildings, and we can refinance them into 30-year DSCR loans on the combined rent.
LendingStreet is built for investors who would otherwise call a local hard money lender. We fund business-purpose fix and flip and bridge loans on non-owner-occupied 1 to 8 unit property in Maine, from $150,000 to $5M+. Leverage runs up to 90% of cost, with up to 100% of rehab on some programs, and rates start from 7.99%.
It fits flippers, BRRRR investors and anyone buying a home that needs work before it can sell or rent. The difference is what comes next: the same team offers DSCR rental loans, so a keeper can move into long-term financing without starting over.
Next step: get a quote with the form below, or call (877) 298-1001 to talk through a Maine deal.
If you are weighing CoreVest, Dominion Financial, LendingOne, Lima One and RCN Capital for a hard money loan for investors in Maine, this is the short version: LendingStreet wins the scenarios below, and you can get a quote with the form below.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Fix and flip above $3M | LendingStreet | Our fix and flip program runs from $150,000 to $5M+. LendingOne states fix and flip loans up to $3,000,000, and RCN Capital states up to $2M. |
| Bridge close in about 10 days | LendingStreet | We can close in as little as 10 days. CoreVest states its bridge loans typically close within 2 to 4 weeks. |
| Flip of a 5-8 unit building | LendingStreet | We finance 1-8 unit investor properties. RCN Capital states its fix and flip loans cover 1-4 family homes, condos and townhomes. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
Greater Portland has the strongest resale market. Investors work older homes in Portland's East End, Munjoy Hill edges and Deering, and in South Portland, Westbrook, Biddeford and Saco, where prices sit below Portland but demand is steady.
Lewiston and Auburn have triple-deckers and older multifamily at lower prices, and many investors there hold rather than sell. Bangor, Augusta, Waterville, Brunswick and Sanford offer capes, farmhouses and small multifamily buildings with more modest resale values.
Most Maine investors compare a few types of lenders: local hard money lenders, private individual lenders and local banks or credit unions. Each can work, but here is how they usually line up on what a flip needs.
| What investors need | LendingStreet | Typical local hard money lender | Typical private lender | Typical bank or credit union |
|---|---|---|---|---|
| Speed to close | As little as 10 days | Often fast | Varies by person | Usually slower; full underwriting |
| Leverage | Up to 90% of cost | Varies; fees and terms vary | Varies by deal | Often lower on distressed homes |
| Rehab funding | Up to 100% of rehab on some programs | Varies | Varies | Often limited for heavy rehab |
| Loan size | $150,000 to $5M+ | Often smaller limits | Limited by the person's capital | Varies |
| Borrow in an LLC | Yes | Usually | Usually | Varies |
| Long-term option | DSCR rental loan with the same team | Short-term only | Short-term only | May need tax returns and W-2s |
| Rates | From 7.99% | Varies | Varies | Varies |
Maine closings often involve attorneys. The state transfer tax is $2.20 per $500 of value for the buyer and the same for the seller, so it is a real line item on both ends of a flip. Add recording and title costs.
Maine uses judicial foreclosure, so cases go through the courts and distressed homes come to market slowly. Buyers at foreclosure sales need funding ready once a sale date is set.
Property taxes in Maine are set by each town or city, and the homestead exemption is for owner-occupants only. Mill rates vary widely, so check with the local assessor.
Permits come from the city or town code office, and Portland has its own rules on rental housing, including rent stabilization and rental registration. Check local rules before you plan to sell to an investor or hold the property as a rental.
Maine homes are old, and many were built well before 1978, so lead-safe practices apply. Common items include oil heat conversions, insulation, windows, roofs, foundations, septic systems outside town and old wiring. Exterior work slows in winter, so schedule roofs and siding for the warmer months.
This example is illustrative and not a quote. An investor buys a Westbrook duplex for $330,000 with an $85,000 rehab budget, for a total cost of $415,000. At 90% of cost, the loan is $373,500, and the investor brings $41,500 plus about $8,250 in estimated purchase closing costs.
The estimated interest-only payment is about $3,268 a month, or $19,608 over a 6-month hold, assuming interest on the full balance for simplicity. If the home sells at an after-repair value of $540,000 with about $43,200 in selling costs, the estimated profit before income taxes is about $53,942.
If the investor keeps it instead, a DSCR refinance at 70% of the $540,000 value is a $378,000 loan, which pays off the $373,500 flip loan. Estimated principal and interest on a 30-year term is about $2,643. With $650 in monthly taxes and $150 in insurance, the total is $3,443. At $3,500 a month in rent, the DSCR is about 1.02x. The new loan covers the flip loan payoff with about $4,500 left over before closing costs. We used 70% rather than the 75% cash-out maximum so the ratio stays at or above 1.0x on this Maine rent.
| Item | Amount |
|---|---|
| Total cost (purchase plus rehab) | $415,000 |
| Loan at 90% of cost | $373,500 |
| Estimated interest-only payment, monthly | $3,268 |
| Estimated carry over the hold | $19,608 |
| Estimated profit if sold | $53,942 |
| DSCR refinance loan at 70% | $378,000 |
| Estimated principal and interest | $2,643 |
| Taxes and insurance, monthly | $800 |
| DSCR at $3,500 rent | About 1.02x |
Every short-term loan needs an exit. Most Maine flips exit through a sale, but many investors decide to keep a property once they see the finished rent. With a typical hard money lender, that means finding a new lender and starting a new file.
With LendingStreet, the refinance stays in-house. Our DSCR rental loans qualify on the property's rent with no W-2s or tax returns, allow LLC borrowers and offer 30-year terms. Cash-out goes up to 75% LTV, and seasoning varies by program. See the bridge to DSCR loan guide for how the handoff works.
Ask every lender the same questions, in writing, and compare the answers side by side.
How LendingStreet answers: up to 90% of cost and up to 100% of rehab on some programs; closing in as little as 10 days; loans from $150,000 to $5M+; LLC borrowers welcome; the team explains the rehab funding process for your program; and yes, 30-year DSCR loans with a 1.0x standard minimum, with seasoning that varies by program.
Our top pick is LendingStreet. We close in as little as 10 days, lend up to 90% of cost with up to 100% of rehab on some programs, and offer DSCR rental loans for a long-term exit. Get a quote with the form below.
Yes. LendingStreet makes business-purpose investor loans on non-owner-occupied 1 to 8 unit property across Maine, and we lend in all 50 states and DC.
Maine's transfer tax is $2.20 per $500 of value for the buyer and the same for the seller. On a flip you pay the buyer share when you buy and the seller share when you sell.
Yes. Exterior work like roofs and siding is easier in warmer months. Many investors buy in late winter, do interior work first and schedule exterior items for spring and summer.
In as little as 10 days. Timing depends on title, insurance and how quickly documents come in, so send the full file early.
Yes. LLC borrowers are standard for our investor loans. You may also be asked to sign for the loan personally, depending on the program.
No. We offer fix and flip and bridge loans plus 30-year DSCR rental loans, so you can move from a flip loan to long-term financing with the same team.
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