Flip financing for a tight, tourism-driven market with strong appreciation: up to 95% of purchase and 100% of rehab (or 90% of purchase and 100% of construction on fix and flip, fix-to-rent or value-add projects), to 75% of ARV, across Portland, Bangor and the coast.
A fix and flip loan is short-term project financing for a buy-renovate-sell deal. Rather than your income, we underwrite the business plan – what you pay, what the rehab costs, and the after-repair value (ARV). Maine is a tight, appreciating market with record flip activity. Portland runs premium near a $607,000 median (a ~50% premium over the rest of the state), while Bangor, Lewiston and Auburn offer far more affordable value-add entry.
The model keeps your own capital small and your Maine flip velocity high, so you can run several projects a season and exit cleanly with a sale or a refinance into a rental.
After-repair value – your finished, sold price. Every loan dollar is sized against it.
The ceiling: total loan generally stays within 75% of ARV, leaving room for profit.
Your renovation budget – funded 100% and reimbursed in draws as work is completed.
Holding costs – interest, insurance, taxes, utilities – every month until you sell.
| Purchase financing | Up to 95% LTC (loan to cost), or 90% of the purchase price and 100% of the rehab or construction budget on fix & flip, fix-to-rent or value-add projects |
|---|---|
| Rehab financing | 100% of the rehab funds, released in draws |
| Total loan vs. ARV | Generally held within 75% of the after-repair value |
| Refinance / cash-out | Refinance up to 90% LTV; cash-out up to 75% |
| Rate & payments | From 9.99%, interest-only during the flip |
| Term | 12-36 months; extensions available; no prepayment penalty |
| Credit / docs | 620+; no income or W-2 documentation on investment properties |
| Exit | Sell the finished home, or refinance into a 30-year DSCR rental |
Target under-market Maine homes where comps support your ARV and end-user demand is real.
Close in as fast as 5 days with 95% of purchase and 100% of rehab committed – or 90% of purchase and 100% of construction on fix and flip, fix-to-rent or value-add projects.
Draw your rehab budget in stages as work passes inspection, so you front far less and keep the crew moving.
List and sell into Maine demand, or refinance into a 30-year DSCR loan and keep it as a rental.
A representative Maine project funded with 95% of purchase and 100% of rehab, underwritten within 75% of ARV:
| Purchase price | $280,000 |
|---|---|
| Loan at 95% of purchase | $331,000 · your money in: $14,000 |
| Rehab budget (100% funded, by draw) | $65,000 |
| After-repair value (ARV) | $450,000 · total loan is 74% of ARV |
| Interest (10.5% IO, ~6-month flip) | − $17,378 |
| Points & closing (est.) | − $10,620 |
| Sale costs (~6.5% of ARV) | − $29,250 |
| Estimated net profit | ≈ $51,752 |
| Cash in the deal | ≈ $24,620 |
Illustrative for 2026, not a guarantee or an offer. Figures vary by property, market and experience. High leverage magnifies gains and losses. Business-purpose only. Consult your CPA. Equal Housing Lender.
Assumes 95% of purchase + 100% rehab, 2 points, ~$4,000 closing/reserves and 6.5% sale costs. Estimate only.
| Market | Why flippers target it |
|---|---|
| Portland | Premium, high-demand market; ~50% state premium. |
| Bangor | Affordable entry with a hospital-hub economy. |
| Lewiston / Auburn | The state’s most affordable metro. |
| South Portland | Portland-adjacent commuter demand. |
| Biddeford / Saco | Mill-town revitalization and coastal demand. |
| City | Why it ranks for 2026-2027 returns |
|---|---|
| Lewiston | Most affordable metro for cash flow. |
| Bangor | Value with healthcare demand. |
| Biddeford | Revitalization-driven upside. |
| Portland | Premium appreciation and STR demand. |
| Augusta | Government-anchored value. |
Maine’s 2027-2028 demand is driven by scarcity, tourism and remote-work migration – Portland commands a ~50% price premium over the rest of the state on chronic undersupply, and coastal demand keeps renovated homes and short-term rentals moving.
Buying near these job engines now positions your exit into the demand they create – Fund a Maine flip near the growth →
95% of purchase + 100% rehab; 12-36 month interest-only.
Larger renovation budgets funded in structured draws for down-to-studs projects.
90% of purchase plus 100% of construction for Maine infill and spec builds.
Flip, then refinance into a 30-year DSCR loan and keep the cash-flowing rental.
Refinance up to 90% LTV or cash out up to 75% to fund the next deal.
Scale several Maine flips at once with repeatable, deal-by-deal funding.
We fund flips in every Maine market. Don’t see your city? Send us the deal and we’ll price it.
Up to 95% of the purchase price plus 100% of the renovation – or 90% of the purchase and 100% of the construction on fix and flip, fix-to-rent or value-add projects – with the total loan generally within 75% of the after-repair value.
In draws. You fund the work, then we reimburse each stage as it is completed and inspected, keeping your out-of-pocket low.
12-36 month interest-only, with extensions available and no prepayment penalty. Refinances go up to 90% LTV and cash-out to 75%.
From comparable sales of similar recently renovated homes near your project, supported by an appraisal.
620+ credit and no income or W-2 documentation on investment properties – we underwrite the deal, so first-time and foreign-national flippers are welcome.
As fast as 5 days on a clean file, because we qualify the project rather than your income.
Refinance the finished home into a 30-year DSCR loan with us – the BRRRR exit is built in from day one.
Send us the purchase price, rehab budget and ARV and get real terms fast – no income docs, no hard credit pull to quote. Business-purpose investor financing from $75,000 to $20 million+, first-time and foreign-national flippers welcome.
Scarcity, tourism and migration keep Maine’s 2027-2028 demand strong. Buy value inland in Bangor and Lewiston or premium on the coast, renovate, and exit into a tight, appreciating market.
Market and profit figures are third-party estimates for 2026-2028, vary by source and submarket, and are not guarantees.
Maine’s tight, appreciating market rewards value-add investors: Portland runs a roughly 50% price premium over the rest of the state on chronic undersupply, while Bangor, Lewiston and Auburn offer affordable entry with rising rents.
Population and demand are buoyed by remote-work migration and a strong tourism economy, and record flip activity reflects deep buyer appetite for renovated homes across an aging housing stock – keeping resale and short-term-rental demand healthy into 2027 and 2028.
Maine fix & flip rates, advances, ARVs and terms shown are illustrative for 2026, subject to change, and depend on the property, credit, experience and program. Business-purpose, non-owner-occupied investment properties only. Not a commitment to lend. Equal Housing Lender.
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