© WHERE WE LEND SAN DIEGO HQ · MAINE
HARD MONEY LENDER MAINE
Loan Goat funds real estate investors across Maine, including Portland, South Portland and Bangor.
CALL OR TEXT US (619) 617-2797
- GOOGLE RATING 150+ REVIEWS
- CLOSED LOANS SINCE 2022
- LOANS FUNDED ACROSS 46 STATES
- VETERAN OWNED Company NMLS 1416824 · Branch NMLS 2554618
Loan Goat lends across Maine, with investor borrowers in Portland, South Portland, Bangor, Lewiston and Auburn. You are likely buying an old wood-frame multifamily, a mill building with a plan attached, or a coastal property you intend to rent out. Bridge loans, fix and flip money, construction financing and rental property DSCR loans are built for exactly that, on non-owner-occupied, business-purpose real estate.
Maine's investor market is concentrated and seasonal. Cumberland County carries Portland's working waterfront, Munjoy Hill brick and constant demand for small multifamily near the Old Port. South Portland holds mid-century ranch and a commuter base just across the Fore River. Lewiston and Auburn share the Androscoggin River and a supply of brick mill buildings priced for conversion. Bangor anchors the north with older frame stock.
The capital behind a Maine loan sits in San Diego, California, which is where Loan Goat is headquartered and where every approval happens. A borrower in Penobscot County gets the same answer speed as one in Southern California, because nothing in the underwriting depends on a nearby office. There is no branch here and none is required. Five to seven days is the normal path from application to funding.
Old housing is the whole game in Maine. Portland investors chase triple-deckers and Federal-style brick near the Old Port, turning tired units into rentals that carry themselves through a long winter. South Portland and the shoreline toward Cape Elizabeth attract coastal buy-and-hold buyers. Mill conversions in Lewiston and Auburn draw patient value-add money near Bates College. Bangor's older neighborhoods and nearby University of Maine enrollment support steady tenant demand.
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EXPLORE OUR MAINE LENDING LOCATIONS
Each page is written for its market: costs, scenarios, programs, property types, reviews and the questions borrowers ask there.
- Portland Cumberland County, out to Concord, Manchester, Nashua.
- Lewiston Androscoggin County, out to Portland, South Portland, Auburn.
- South Portland Cumberland County, out to Portland, Lewiston, Auburn.
- Auburn Androscoggin County, out to Portland, Lewiston, South Portland.
- Bangor Penobscot County, out to Portland, Lewiston, South Portland.
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WHAT DO MAINE HARD MONEY LOANS COST
There is no separate Maine rate sheet. Bridge opens at 9.00%, terms run one or two years, and a minimum 650 credit score applies. What moves the number is the property, the leverage and how the loan gets paid back.
Every Maine file gets a full term sheet up front: rate, leverage, term, points and conditions, in writing, before third-party costs are incurred.
| PROGRAM | RATES | LEVERAGE UP TO | TERMS | LOAN AMOUNTS |
|---|---|---|---|---|
| BRIDGE LOAN | 9.00% to 13.00% | LTV 75% | 1 or 2 years | $150,000 to $25,000,000 |
| FIX & FLIP | 9.99% to 12.00% | LTV 85% of purchase, LTC 100% of rehab | 6 to 18 months | $250,000 to $10,000,000 |
| RENTAL DSCR | 6.50% to 9.99% Non-QM | LTV 80% | 5, 7, 30 and 40 year fixed | Sized to the property |
Starting rates for qualified borrowers, from the published terms cards. Points and fees are quoted on the Letter of Intent. Rates are subject to change without notice and are not a commitment to lend.
© WHY LOAN GOAT SAN DIEGO HQ · MAINE
WHY LOAN GOAT IN MAINE
- CLOSED LOANS SINCE 2022
- LOANS FUNDED ACROSS 46 STATES
- GOOGLE RATING
- REVIEWS
Seasonal income and century-old framing are two things a bank committee hates and a private lender simply prices. Our bridge loans, from 9.00% and up to 75% LTV, take down a Cumberland County multifamily before the listing gets crowded. Fix and flip covers the roof, the wiring and the kitchens. Construction financing handles a Bangor teardown or a new duplex on a subdivided lot.
Once the units are leased, rental property DSCR loans refinance the deal on what the building actually rents for, which is how most Maine portfolios get built. Blanket loans tie several Androscoggin County addresses into a single note. Commercial financing suits a mill conversion with retail below. No prepayment penalty applies anywhere, so selling in July after buying in March costs you nothing.
THE PROCESS
- Complete your application
- Submit required documentation
- Sign your Letter of Intent
- We process and close your loan in 5-7 days
MAINE, FUNDED FROM SAN DIEGO.
$1.5B+ funded across 46 states and 1.3K+ loans closed since 2022. Maine files run on the same written terms, the same in-house capital and the same five to seven day timeline as the home markets.
© LOAN PROGRAMS NINE WAYS TO CLOSE
LOAN PROGRAMS AVAILABLE IN MAINE
The full program stack is available on Maine property: bridge, fix and flip, construction, rental property, commercial, owner occupied, bank financing, second and third mortgages, and blanket loans over multiple assets. The plan for the property decides which one applies.
- BRIDGE LOANS Acquire, recapitalize or stabilize with short-term capital that closes in days, not months. FROM 9.00% · LTV 75% · 1-2 YR
- FIX & FLIP LOANS Buy, renovate and sell or hold, with the rehab funded through draws and no prepayment penalty. FROM 9.99% · LTV 85% · 6-18 MO
- CONSTRUCTION LOANS Ground-up financing with flexible draws through every stage of the build. LTC 80% · 12-18 MO
- RENTAL PROPERTY LOANS Long-term DSCR, portfolio and multifamily term loans that qualify on the property's cash flow. FROM 6.50% · LTV 80% · 30 YR
- COMMERCIAL LOANS Hybrid-term financing for multifamily, mixed-use, retail, office and industrial in major metros. FROM 7.90% · LTV 70% · 1-15 YR
- OWNER OCCUPIED LOANS Short-term bridge financing on the home you live in, with a refinance into a conventional or jumbo loan as the exit. FROM 10.50% · LTV 70% · 11-12 MO
- BANK FINANCING Bank statement, P&L-only and SBA programs for business owners outside the standard mortgage box. TERMS 5 TO 30 YR
- SECOND & THIRD MORTGAGES Second and third lien position loans behind an existing first mortgage. 12-36 MO · BUSINESS PURPOSE
- BLANKET / CROSS-COLLATERAL LOANS One loan across several properties, cross-collateralized when a single asset will not carry the deal. FROM 8.99% · 1-3 YR
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HOW WE LEND IN MAINE
Once the units are leased, rental property DSCR loans refinance the deal on what the building actually rents for, which is how most Maine portfolios get built. Blanket loans tie several Androscoggin County addresses into a single note. Commercial financing suits a mill conversion with retail below. No prepayment penalty applies anywhere, so selling in July after buying in March costs you nothing.
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MAINE BORROWERS, IN THEIR WORDS
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This is my first experience dealing with Milad Shamoun & Blair Noble at Loan Goat. Very professional, accommodating and focused on obtaining results. Over my years I have dealt with various types of Intuitional and Private Lenders. Loan Goat stacks up with the best.
RAYMOND HERRERA -
The Loan GOAT saved the day! A deal started to go south with a traditional bank despite there being no true issue. Milad having a true understanding of how to get help we are clear to close in 15 business days. Maricruz was the star in this,...
ALEXIS REYES -
The team at Loan Goat literally saved my life. I was in such a bind and didn't think I had anywhere else to turn. Even with my extensive knowledge in this field I felt I was going to lose everything. The team has insight and plans I never...
ELIJAH SCHOLER -
This is my first experience dealing with Milad Shamoun & Blair Noble at Loan Goat. Very professional, accommodating and focused on obtaining results. Over my years I have dealt with various types of Intuitional and Private Lenders. Loan Goat stacks up with the best.
RAYMOND HERRERA -
The Loan GOAT saved the day! A deal started to go south with a traditional bank despite there being no true issue. Milad having a true understanding of how to get help we are clear to close in 15 business days. Maricruz was the star in this,...
ALEXIS REYES -
The team at Loan Goat literally saved my life. I was in such a bind and didn't think I had anywhere else to turn. Even with my extensive knowledge in this field I felt I was going to lose everything. The team has insight and plans I never...
ELIJAH SCHOLER
© QUESTIONS SAN DIEGO HQ · MAINE
MAINE HARD MONEY LOANS, ANSWERED
Straight answers to what borrowers ask before they call. Questions we answer elsewhere link to the page that owns them.
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Maine is in our footprint and we lend there regularly, from Portland and South Portland through Lewiston, Auburn and Bangor. Loans are business-purpose and non-owner-occupied, funded with our own capital rather than sourced out to an investor pool. That is why approvals take one conversation and closings take five to seven days. Purchase, rehab, construction and refinance are all available to a Maine investor.
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Seasonal and vacation rental property is financeable through our rental property DSCR and bridge programs, including Cumberland County addresses near Portland and the shoreline south of it. We look at the asset and what it produces, so an uneven off-season does not disqualify the deal the way it might at a bank. Furnished units, single-family cottages and small multifamily all fit the box.
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Aging multifamily in Androscoggin County is standard business for us, condition and all. Triple-deckers and converted New Englanders around Lewiston and Auburn get underwritten on value and rent potential, not on the age of the boiler. Bridge and fix and flip loans fund the acquisition plus the work, and blanket loans let you hold several of them under one note when the portfolio grows.
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Mill conversions are a good fit for our construction and commercial programs, which is useful along the Androscoggin River where brick industrial stock keeps finding new owners. Larger projects can run on business purpose bridge at up to 75% LTV. We want the scope, the budget, the schedule and the exit. One decision maker reviews it, so you get an answer rather than a queue position.
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Single-family rentals, condos, townhomes, two to four unit buildings, apartment buildings, mixed-use, retail, office, industrial and flex, self-storage, hospitality, manufactured housing and land. Business-purpose and non-owner-occupied is the core of the book, with owner-occupied handled under its own program.
Property types -
The address, the purchase price or current value, what you owe, what you plan to do with the property and how you intend to pay the loan back. That is enough for a written quote. Full-doc income packages are not part of the low-doc programs, which is why a quote arrives in hours rather than weeks.
Request a quote -
No prepayment penalty on the bridge programs. Pay the loan off the day the flip sells or the refinance funds and you owe interest for the days you used the money. That matters when the whole plan is to be in and out inside a year.
All loan programs -
Five to seven days is the standard, and low-doc bridge deals have closed in as little as three. Speed comes from the structure, not from cutting corners: in-house capital, one decision maker and minimal documentation. Title and escrow set the floor, so the sooner those are opened, the sooner the wire moves.
How funding works
© WHERE WE LEND SAN DIEGO HQ · MAINE
MAINE, FUNDED FROM SAN DIEGO.
- CLOSED LOANS SINCE 2022
- LOANS FUNDED ACROSS 46 STATES
- Lending footprint, 46 states
- Home markets: California and Arizona
- San Diego headquarters
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SUBMIT A LOAN REQUEST
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(619) 617-2797
