New Construction Hard Money Loans in Maine
Mayflower Venture Partners provides new construction hard money loans for experienced residential developers throughout Maine. We are a direct private lender focused on ground-up single-family construction financing for homes in the $1 million and above price range. Term sheets in 24 hours. Closings in 10 to 14 business days.
Maine’s coastal new construction market is one of the most underserved in New England from a financing perspective. The buyers are there — affluent, out-of-state, willing to pay premium prices for quality new construction in communities like Cape Elizabeth, Falmouth, Kennebunkport, and York. The developers are there. What has historically been missing is a lender who can move at the speed the market requires and who understands the unique dynamics of building in Maine’s coastal communities. That is exactly what we provide.
Why Hard Money is the Right Tool for New Construction in Maine
Maine’s premium coastal markets are relatively small and move quickly when the right opportunity surfaces. A desirable lot in Cape Elizabeth or a teardown in a prime Kennebunkport neighborhood does not wait for a 60-day bank approval process. Developers who can close in two weeks and start pulling permits immediately are the ones who capture the best opportunities. Everyone else is left waiting for the next one.
As a direct private lender, we issue term sheets within 24 hours of receiving your deal and close in 10 to 14 business days. Once construction begins, we process draw requests in 48 hours — keeping your contractors funded, your schedule on track, and your project moving forward from groundbreaking through certificate of occupancy.
We have direct experience lending in Maine. We closed the 28 Bog Road deal in Mount Vernon and we understand the nuances of Maine’s real estate market — the title process, the permitting timeline in coastal municipalities, and the buyer profile that drives demand in the state’s most valuable communities.
Our New Construction Hard Money Loan Program in Maine
We lend on ground-up single-family residential new construction throughout Maine. Our program is built for experienced developers working in the $1 million plus market.
Loan amounts from $500,000 to $5,000,000. Up to 75% of land acquisition cost. Up to 100% of construction budget. Loan terms of 12 months. Interest only monthly payments on the amount disbursed. Construction draws processed in 48 hours. No prepayment penalty.
We are a direct lender, not a broker. Every loan we fund comes from our own capital, which means faster decisions, cleaner communication, and no surprises at the closing table.
Who We Lend To
We work with experienced residential developers who have completed at least one ground-up construction project and understand the full build process from land acquisition through certificate of occupancy. We do not finance first-time builders. If you have a track record and a deal in Maine that works, we want to hear from you.
Ready to Get Your Maine New Construction Hard Money Loan?
For a full overview of our Maine program, visit our New Construction Loans Maine page. We also lend throughout New England including Massachusetts, Connecticut, Rhode Island, and New Hampshire.
Apply now, email us at lo***@*******er.com, or call 617-553-6781. Term sheets in 24 hours.