The #1 Maine Hard Money Loan Lender
YES, we finance hard money deals in Maine.
Here are some Maine specific hard money financing facts:
To date, now in 2008, over 250 conventional mortgage lenders have closed their doors due to reduced liquidity. This has reduced borrowing opportunities for MI borrowers considerably. LVHardMoney stands firm in our liquidity and our continued lending abilities. We continue to offer Michigan hardmoney loans.
We directly provide hard money loans to purchase and renovate properties throughout Maine, as well as refi's, purchases and other property types. We require minimal documentation and we can finance up to 100% of your deal! This includes purchase, renovations and closing costs up to 60% of the after repaired value. We are reliable, fast, convenient and simple to work with.
- We have no minimum loan size and can usually fund up to $100M.
- Interest Rate of 10-14% are typical for MI properties
- No prepayment penalty is an option
- Interest only payments if requested
- One to Five points is typical however a minimum of $5000 in total fees applies
- We can loan up to 70% of the Appraised value or the after repaired value for rehab hard money loans
We serve all of the main metropolitan cities in Maine, including: and many of the smaller towns as well in ME.
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