New Construction Loans in Maine
Mayflower Venture Partners is a direct private lender specializing in new construction loans for experienced residential developers throughout Maine. We focus 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 has quietly become one of the most interesting new construction markets in New England. Its coastal communities — Cape Elizabeth, Falmouth, Scarborough, Kennebunkport, and York — have seen dramatic price appreciation driven by an influx of out-of-state buyers seeking coastal lifestyle, privacy, and space that has become increasingly difficult to find closer to Boston. New single-family construction in Maine’s most desirable towns is generating strong demand and exceptional exit values from a buyer base that is willing to pay premium prices for the right product in the right location.
Maine’s Premium New Construction Markets
Maine’s luxury residential market is concentrated along its southern coast and in the communities closest to Portland. Cape Elizabeth is the state’s most prestigious suburb, with a median home price that leads the state and a residential character defined by ocean views, conservation land, and proximity to Portland’s world-class restaurant and arts scene. Falmouth offers similar appeal with excellent schools and a strong community character. Scarborough provides more land availability while still delivering coastal access and top-rated schools. Kennebunkport is one of the most recognized luxury destinations in New England, with a tourism-driven economy that supports a robust second home and primary residence market for wealthy buyers. York sits at the southern tip of the state, attracting buyers from Massachusetts and beyond who want coastal Maine living within reach of Boston.
What makes Maine particularly compelling for new construction developers right now is that the market is still early in its premium appreciation cycle relative to Massachusetts and Connecticut. Land prices are more accessible, competition from other developers is lower, and the buyer pool continues to expand as remote work and quality of life considerations drive more affluent buyers north. Getting into this market now — before it fully matures — is the opportunity.
Our New Construction Loan Program in Maine
We lend on ground-up single-family residential new construction throughout Maine with a focus on the southern coastal communities where $1 million plus new construction is most active.
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 what it takes to manage a build from land acquisition through certificate of occupancy. We do not finance first-time builders on new construction projects. Our borrowers are professionals who deliver on time and on budget.
Why Developers Choose Mayflower Venture Partners in Maine
We are based in Quincy, Massachusetts and have been lending to New England real estate developers for years. Maine is an active and growing part of our lending footprint — we have closed deals in Maine and we understand the market dynamics of the state’s coastal communities. When you call us with a deal, you get a straight answer within 24 hours.
We also lend throughout New England including Massachusetts, Connecticut, Rhode Island, and New Hampshire.
Ready to Move on Your Next Maine New Construction Project?
Apply now, email us at lo***@*******er.com, or call 617-553-6781. Term sheets in 24 hours.