Private Money Lenders | Hard Money Loans in Maine
Maine has a lot to offer as a state. From its breathtaking coastline to its beautiful lakes and majestic mountains, it’s a true haven for nature lovers.
But this isn’t all that Maine offers, and certainly not what’s drawing investors from across the country to this eastern state. What truly sets Maine apart is its diverse economy and the space for innovation and investment in all its industries. All of these factors make the state a supportive environment for business growth and development.
As the oldest hard money lenders in Maine, we’re particularly amazed by its thriving real estate market that offers incredibly attractive investment opportunities for real estate developers and investors. With the right investment strategies and resources, investors can capitalize on the state’s growing market and secure profits like never before!
So, are you ready to get started? Explore our loan plans and just-funded projects for better insights.
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Let The Best Private Money Lenders Help You Out in Maine
Insula Capital Group shines as Maine’s top private money lender, setting a high standard for excellence in the industry. With over 30 years of experience, we’ve established ourselves as trusted financial partners for real estate investors. With our understanding of Maine’s market and our ability to offer customized solutions that fit our client’s unique needs, we’re truly the best in the business.
At Insula Capital Group, we prioritize our clients’ success, crafting flexible loan terms and competitive interest rates that align with their financial goals. Our streamlined approval process ensures swift access to funds, empowering investors to seize lucrative opportunities without delay.
What Makes Hard Money Loans an Excellent Option?
Hard money loans can be an extremely beneficial tool for real estate investors.
These loans offer speed and flexibility thanks to faster approvals, less stringent requirements, and negotiable terms. They also help with strategic opportunities, for instance, hard money loans are great for fix and flip financing; they work as a bridge financing option, and they also give investors the competitive edge they need at times, especially when you need to act quickly during an off-market deal or auction for instance.
And of course, if you apply for hard money loans at Insula Capital Group, you won’t have to face any prepayment penalties and can use the loan for diverse property types.
Maine’s Real Estate Market
- Population: 1,369,145
- Median Household Income: $68,394
- Unemployment Rate: 3.2%
- Homes for Sale: 4,338
- New Listings: 765
- Average Home Prices: $442,350
- Median Home Value: $392,000
- Median Sale Price: $360,000
- 1-Year Appreciate Rate: 7.5%
- Median Rent Price: $1850
- Price-To-Rent Ratio: 20.1
- Median Days On Market: 40 days
- Home Sold Above List Price: 50.1%
- Foreclosure Rate: 0.11%
- Median Property Tax: 1.22%
- Projected Growth Of The Real Estate Market: Slow and steady with continued price appreciation at a moderated pace
- Average ROI for Hard Money Loans: 10-15%
Maine’s Market Insights
1,369,145
Population
$442,350
Average Home Prices
50.1%
Home Sold Above List Price
7.5%
1-Year Appreciation Rate
$68,394
Median Household Income
765
New Listings
Just Funded Projects
June 2022
Fix & Flip
- Weiser, ID
Purchase Price
170,000
Renovation Budget
59,000
Loan Amount
207,000
After Repair Value
309,000
July 2022
Fix & Flip
- Washington, DC
Purchase Price
255,000
Renovation Budget
80,000
Loan Amount
296,750
After Repair Value
450,000
December 2021
Fix & Flip
- Centerreach, NY
Purchase Price
340,000
Renovation Budget
46,050
Loan Amount
321,300
After Repair Value
459,000
November 2021
Fix & Flip
- Hartford, CT
Purchase Price
149,000
Renovation Budget
70,000
Loan Amount
196,650
After Repair Value
290,000
November 2021
Fix & Flip
- Philidelphia, PA
Purchase Price
130,000
Renovation Budget
105,300
Loan Amount
209,300
After Repair Value
335,000
November 2021
Fix & Flip
- Philidelphia, PA
Purchase Price
62,000
Renovation Budget
60,000
Loan Amount
106,500
After Repair Value
176,000
November 2021
Fix & Flip
- North Babylon, NY
Purchase Price
310,000
Renovation Budget
32,750
Loan Amount
311,750
After Repair Value
495,000
November 2021
Fix & Flip
- East Hampton, NY
Purchase Price
1,250,000
Renovation Budget
577,465
Loan Amount
1,577,465
After Repair Value
2,487,500
November 2021
Fix & Flip
- Jersey City, NJ
Purchase Price
525,000
Renovation Budget
240,650
Loan Amount
848,800
After Repair Value
831,000
What we offer
All Loan Services
New Construction
New Construction
Multifamily Bridge Loans
Multifamily Bridge Loans
Fix And Flip Loans
Fix And Flip Loans
New Construction Loans
New Construction Loans
Investment Property Loans
Investment Property Loans
Rental Property Loans
Rental Property Loans
Cash-Out Refinance Loans
Cash-Out Refinance Loans
Bridge Loans
Bridge Loans
Commercial & Residential Land Loans
Commercial & Residential Land Loans
Commercial Property Loans
Commercial Property Loans
Development Loans
Development Loans
Hard Money Lenders
Hard Money Lenders
Single-family Rental Loans
Single-family Rental Loans
Thousands of Clients Trust Our Company
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Here’s Why Real Estate Investors Should Turn Their Attention to Maine
As a real estate investor, you may find yourself wondering if Maine is worth investing in. As leading private money lenders in the region, we can assure you it is.
Maine currently has a growing tourism industry. This is one of the first factors we urge investors to consider. If you choose to invest in vacation homes and other short-term rental properties, you’re set to gain a lot from these alone, however seasonal the profits may be.
But what’s great is that the general real estate market in Maine is also stable and the property rates are going up. There has been consistent growth, and there is no reason that you won’t make substantial long term capital gains.
Additionally, Maine has a strong economy, and offers a great and affordable lifestyle. Not only does it mean that you’ll have an easier time acquiring properties, but you’ll also find great demand for them as more and more people move to Maine from across the country.
And of course, the tax incentives for real estate investors can’t be ignored. From tax credits to Opportunity Zones, there’s a lot Maine has to offer to real estate investors.
Ready to apply for a Hard Money loan?
Frequently Asked Questions
The application process for hard money loans at Insula Capital Group is quite straightforward. All you need to do is pick out a loan program that fits your project’s requirements and fill out an application form online. You may be asked to upload some required documents, and once we have all the information, we’ll assess your application and get back to you with tailored terms and conditions for your loan plan.
Yes, hard money loans are suitable for short-term projects. In fact, they are often preferred for such ventures. Hard money loans are designed to provide quick access to funding, making them ideal for projects with a shorter timeline. Whether it’s a fix-and-flip property or a construction project with a fast turnaround, hard money loans offer the flexibility and speed required to meet the demands of short-term investments.
With their asset-based nature and simplified approval process, hard money loans can provide the necessary funds promptly, allowing borrowers to capitalize on time-sensitive opportunities.
We provide our financial services across Maine and beyond, but at the moment, we’re working with clients in the following top cities:
Portland, ME Lewiston, ME Bangor, ME Auburn, ME Biddeford, ME
If you’re located in a city other than the ones mentioned above, feel free to get in touch with us at Insula Capital Group, and our team will find a way to help you out with your loan application and processing.
Top Hard Money Lenders Loan Cities in Maine
Contact The Best Hard Money Lenders In Maine Today!
Whether it’s a fix-and-flip venture, new construction project, residential rental, or multi-family investment, our comprehensive range of loan programs caters to diverse investment strategies. We foster long-term partnerships, providing continuous support and guidance throughout the loan term.
Transparency, integrity, and exceptional customer service are the cornerstones of our reputation, and you can count on Insula Capital Group to be your trusted financial ally, propelling your real estate portfolio to new heights in Maine.
Ready to talk to the best hard money lenders in Maine? Get in touch with us today!
