Maine Hard Money Lenders
Looking for a Maine Hard Money Lender – Private Equity Loan? Need to act quickly so as not to miss an opportunity. If your current credit, employment or asset situation won’t allow you to get a conventional Maine loan or you can’t wait the typical 40 days to have your loan funded through Maine conventional lenders – because you need your loan funded fast – consider a Maine private equity or hard money loan.
Maine Hard Money Loans
Maine Private equity – hard money – loans are asset based loans placed with Maine private investors who use their private money to finance or refinance real estate loans. Maine Private equity hard money loans are based almost solely on the property value as apposed to conventional lending institutions which have strict underwriting guidelines for borrower credit, loan to value amount and real estate asset value.
Through years in the mortgage lending business hard money lenders have seen all types of borrower situations were conventional lenders will not or can not accommodate the borrowers needs – due to credit issues, time frame issues or income and employment issues.
Maine Private Equity Loans
In order to meet the needs of just such Maine hard money loan borrowers hard money lenders have developed relationships with a number of private equity lenders that loan their private funds based on the secured asset value of your property alone. Private equity lenders typically do not require proof of income, they will loan based on your stated income and the value of your property or profitability of your project.
Maine Bridge Loans
Funding is available for all types of borrowers and credit situations. If you need a Maine bridge loan, a Maine sub prime loan or a loan from Maine high risk lender visit these pages and visit the private equity hard money high risk lenders you’ll find listed.
Contact these hard money lenders they will explain all your Maine hard money private equity loan options including: Maine commercial, residential and refinance of current mortgages – with their help you will make a fully informed hard money mortgage choice!
State of Maine
Maine’s first permanent English settlements date from 1623. In 1775 the capture of the British ship Margaretta off the Maine coast was the first American naval victory of the Revolution. That year the British burned Falmouth. For a long period Maine was under the control of Massachusetts, but in 1820, following the Missouri Compromise, it became a state. From 1800 on humpback whale fishing was a major industry in the Gulf of Maine.
The capital of Maine is Augusta. Other major cities are Portland, Lewiston and Bangor. In 2005 the population stood at 1,321,505. Maine produces the majority of blueberries sold in the U.S. Other crops are apples, potatoes and other vegetables. Eggs and poultry are also important products. Because almost 90% of its area is forest, Maine has become a major producer of paper for the world-wide economy. Maine builds boats and makes toothpicks. Sardines and lobsters are a Maine specialty.
Tourist attractions are Acadia National Park, Bar Harbor, the Wadsworth-Longfellow House in Portland and the St. Croix Island Monument. Visitors are attracted by Maine’s beaches and forests, where camping and hunting are common activities.
Disclaimer: The hard money loan calculators found on this website are offered only to estimate monthly loan payments. No guarantee is offered or implied as to their accuracy. Hard money loans are non conforming, they do not conform to the underwriting guidelines of Fannie Mae or Freddie Mac. Each private equity hard money lender has their own fee structures which may include points at closing and early prepayment penalties. Discuss all of the details of your particular hard money loan including all costs and fees with your selected hard money lender.