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Maine Rental Loans

Reliable Maine Rental Loans

Asset Based Lending offers term rental loans for real estate investors across Maine. These term rental loans are meant for buy and hold investors that want to secure individual 1-4 family properties or refinance an entire rental portfolio. We offer competitive terms with rates starting as low as 6% with leverage up to 80% LTV. Our goal is to provide the most flexible rental loan options to our borrowers including 30-year amortization, ARM, and interest-only options. Real estate investors can use these loans for rental property throughout Maine, whether its a multifamily in Portland or a single rental unit in Bangor.

ABL’s unique capital structure allows us to provide single rental loans up to $3M and rental portfolio loans up to $6.25M. We offer these loans to investors of all experience levels, assessing each deal based on the income-producing viability of the property. Our team are experts in the local real estate markets and are focused on delivering a five-star experience to each of our borrowers. If you’re ready to grow your real estate business with our Maine rental loans, contact us today.

ME Rental Loan Highlights

  • No personal income verification
  • Light doc program
  • Portfolio loans available
  • 30 year, ARM, I/O options
  • Rates as low as 6%
  • Up to 80% LTV
  • 620 minimum credit score
  • Close term rental loan in 30 days

Easy Financing For Maine Rental Property.

The Premier Lender For Rental Loans In Maine

Lending Options

With our arsenal of rental property loans, investors know we can get them into the program that fits their needs. Max Cash Out? Lowest Rate? Highest LTV? We have you covered.

No Broker Fee

ABL isn’t brokering your loans, so you’ll never pay us broker fees. We’re a direct lender that underwrites, processes, and funds in house.

Peace of Mind

Our team of specialists will structure and pre-approve your rental property refinance while we’re closing your fix and flip loan, so you can rest easy knowing your exit strategy is ready.

Competitive Rates & LTVs

With rates between 6%–8% and LTVs as high as 80%, our cash out refinance programs for rental properties are as aggressive as you’ll find in market.

Flexible Underwriting

These programs were built by investors, for investors. We underwrite to the profitability of the project, and reduce documentation needs as much as possible.

The ABL Difference

Expert advice, access to decision-makers, speed, and reliability; the service you’ve come to expect from the ABL team.

Maine Rental Property On The Rise

Maine has seen a huge increase in its local real estate markets over the past few years, including their rental properties. Much of this has to do with the population boom they’ve seen, with nearly 2% growth over a 10-year period which far outpaces the nearby states. Cities such as Portland currently have 56% of the population renting instead of owning, while Lewiston has a renter population of 77%. Both cities have seen over 15% increase in their average rental price year over year, highlighting the strength of the rental markets. These local markets are ideal selections for real estate investors looking to acquire Maine rental property and hold it in their portfolio.

Asset Based Lending are experts in these local real estate markets, covering the entire state of Maine and staying up to date with the rental markets. We offer term loans for rental property for both single rental units and entire portfolio loans and can work with investors of all experience levels. Our team is dedicated to helping you begin or scale your rental investment business, so contact us today to discuss how we can finance your ME rental loan.

Why Maine Investors Choose ABL For Rental Loans

Real estate investors in Maine have been looking for a reliable lender to finance their BRRRR strategy, and Asset Based Lending is proud to offer that service. For investors that don’t know, the BRRRR method is a simple investment strategy that has infinite scalability, making it an excellent opportunity for those looking to achieve passive monthly income. The acronym stands for buy, rehab, rent, refinance, repeat. It starts with acquiring your rental property using a bridge loan to purchase the property. You then rehab the project using that same bridge loan to increase its market value and allow you to charge the highest possible rent. Once you find a tenant to rent the property, you refinance your bridge loan into a rental loan, and you use the cash out you receive from the refinancing to purchase your next rental property. Following this method can help you build your rental portfolio and help you succeed in the world of rental investments.

It can be frustrating trying to find a BRRRR loan, but Asset Based Lending makes it simple. We use all the same documentation from the bridge loan for a smooth refinancing process, or we collect the few docs we need if you’re starting your rental loan from scratch. Our team of in-house specialists manage your rental loan from start to finish and use our professional draw management to keep your project funded without any delays. With over a decade of successful real estate loans and hundreds of five-star reviews, ABL is providing the best rental loans ME has to offer. If you’re ready to be approved for your Maine rental loan, then contact us today.