Maine Refinance / Cash Out Loans
Maine has 21 private money refi lenders serving the state. The median amount loaned is $294,544. Interest rates for hard money loans average about 11.6%. The mean loan issued in this state has a length of 33 months. The mean origination for loans is 2.9 points. Lenders typically offer a 75% loan-to-value (LTV) on hard money loans in Maine.
Loan Example 1
Denise is an entrepreneur in Waterville, ME and she owns an office building for her operation. She makes an arrangement with her business partner to purchase their share of the enterprise but she doesn't have the cash to do so. To make the transaction happen, she takes cash from the equity she has in her building via a hard money cash-out refinancing from City Finance Corporation. In exchange for a first lien on the property, the lender agrees to fund Denise 55% of its $1,000,000 estimated market value. The lender will deduct 3 origination points when the loan closes and will then be paid interest only payments at 10% for 1 years. The principle is to be paid off in one balloon payment when the loan matures. Denise receives $533,500 in cash from City Finance Corporation when the deal is executed ($1,000,000 estimated value x 55% loan-to-value - $16,500 in origination points). She will then begin making payments each month of $4,583 for the 1 year duration of the loan. She will also make a final payment of $550,000 to retire the debt.
Loan Example 2
Nell operates a small business in Waterville, ME. She runs her operations from an office building that she owns in full. She comes to a deal with her business partner to purchase their share of the company but she doesn't have enough personal funds to do so. To make the transaction happen, she takes cash from the equity she has in the property through a private money cash-out refinancing through Presitge Finance Company. After concluding the building to be worth approximately $1,200,000, they agree to a 50% loan to value (LTV) for the loan. They also specify a 11% rate of interest, a 1 year note term, and will charge an origination fee of 3 percent at the close. Interest only payments will be paid monthly with the loan principle repaid when the note expires. Nell will receive $582,000 in cash from Presitge Finance Company when the transaction is closed ($1,200,000 estimated market value x 50% loan-to-value - $18,000 in origination points). She will then make monthly payments of $5,500 for the 1 year term of the note. She will also make a final payment of $600,000 to retire the debt.
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Based in Delray Beach, Gelt Financial since 1989 is a private money lender offering commercial non bank mortgages national. We offer loans for many different situations and needs, including rental property loans, private commercial loans, fix-and-flip hard money loans, hard ...
Global Capital Partners
274 Madison Avenue, Suite 901
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A diverse portfolio of lending services, an experienced in-house underwriting staff, and theability to tailor financing options to a client's individual needs have made Global CapitalPartners a household name in New York's commercial lending industry. Global Capital Partnershas long provided ...
5230 Las Virgenes Rd, Suite 105
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Anchor Loans is a California based Hard Money Lender. They provide loans in 46 states throughout the US. They are the largest Fix-and-Flip lender in the U.S. lending over $7.1 Billion life-to-date in total loan volume to real estate investors. ...
35 Old Post Road
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Stormfield Capital is a Southport, CT based private money lender. They provide funding in 12 states throughout the country. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial properties, cash ...
75 Gerber Road East
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Temple View Capital
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Patch of Land
15000 Ventura Blvd Ste 202
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Patch of Land is an asset-based lender based in Los Angeles, CA offering funding all throughout the US. They offer short term bridge loans, private commercial loans, long term rental property loans, refinancing, and fix and flip loans. ...
Secured Investment Lending
1485 International Parkway, Suite 1031
Lake Mary, FL 32746
Secured Investment Lending is private lender headquartered in Lake Mary, FL. They provide funding in 49 states throughout the country. They provide lending solutions for a variety of scenarios, including short term bridge loans, commercial loans, cash ...
JCAP Private Lending
3151 Airway Ave, Suite Q3
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Jcap is a Newport Beach, CA based direct lender who closes and services investor funded short-term real estate loans. They provide loans in 43 states. They offer private refinancing, fix-and-flip hard money loans, investment property loans and more. Their loan ...
11 Middle Neck Road Suite 314
Great Neck, NY 11021
Sharestates is a private, hard money lender in 46 states across the US. We offer financing solutions for a variety of needs and situations, including hard money loans for commercial properties, residential fix and flips, ground up construction, and long ...
Sunset Equity Funding
3435 Wilshire #1840
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Sunset Equity Funding is a hard money lender based in Los Angeles, California. They issue loans in all states except for Alaska, North Dakota, and South Dakota. Their loan offerings include purchase loans, fix and flip loans, new ...
650 California Street, Suite 2700
San Francisco, CA 94108
At Figure, we're transforming home equity by creating a faster, simpler and more transparent way to meet your financial goals. Learn how to use the equity in your home to consolidate debt, pay for home improvement, or fund your goals. ...
100 Lanidex Plaza
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207 Mockingbird Ln, #402
Johnson City, TN 37604
Based in Johnson City, TN, Riverdale Funding is a hard money lender offering loans in 37 states across the country. They provide lending solutions for a variety of scenarios, including loans for investments properties, commercial hard money loans, fix ...
Pro Builder Financial
396 Washington Street, Suite 225
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1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
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Northborough Capital Partners
56 Pine Street, 3rd Floor
Providence, RI 02903
Headquartered in Providence, RI, Northborough Capital Partners is an asset-based lender offering funding in Massachusetts, New Hampshire, Rhode Island, Maine, and Connecticut. They offer loans for a variety of situations, including refinancing, ground up construction loans, fix-and-flip loans, ...
Peak Choice Capital
144 N Western Avenue Buidling D
Neenah, WI 54956
Headquartered in Neenah, WI, Peak Choice Capital is a private lender providing funding in 45 states throughout the US. They offer short term bridge loans, buy and hold loans, cash out loans, fix-and-flip loans, and private commercial loans. ...
Bridge Well Capital
496 Delaney Ave #408
Orlando, FL 32801
Bridge Well Capital is a hard money lender in Orlando, FL offering funding in 40 states throughout the United States. They provide loans for investments properties, cash out hard money loans, and fix-and-flip hard money loans. Their ...