Hard Money Lenders in Bangor, ME | Fix & Flip | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inBangor, Maine

Fix and flip, DSCR rental and new construction financing for Bangor investors. We do not lend our own money, we shop your deal across a 400+ lender network and come back with real terms you can compare on total cost.

Get a term sheet →Price a Bangor deal

Prefer to talk it through? Call or text Micah at (281) 636-5682.

Reviewed by Micah Foster, Founder & CEO, October 2026

Price a Bangor deal right now

Prefilled with a realistic Bangor deal. Change any number and it reprices on the programs that lend in Maine, with the same math as our term sheets.

Sizing your flip on the same terms as the term sheet. Get a real term sheet →

Financing a deal in Bangor

Bangor is the service center for northern and eastern Maine, the place a huge rural region comes for hospitals, shopping and the airport. Its housing is old and handsome near the center: the West Side and Broadway are lined with Victorians and big colonials from the lumber boom, Fairmount and Little City have early 1900s singles and small multifamily, and the edges hold postwar capes and ranches. Prices are among the lowest of any Maine city with real job demand.

Bangor is a slower market than southern Maine, and that changes the flip math. Homes take well over a month to sell and often close a little under list, so the profit has to be made on the purchase and the budget, with a hold long enough for the season. Heat is the line buyers care about most this far north: an old oil boiler, no insulation or drafty windows can sink a sale, so heat pumps and weatherization belong in most Bangor scopes.

What a Bangor deal looks like on paper

Bangor example: $170,000 purchase, $55,000 rehab, $310,000 after repair value, 700 credit, first flip. The engine puts that borrower on the First Flip, 10% Down program at 9.99%. Think a 1900s West Side Victorian with an oil boiler near the end, uninsulated walls, a kitchen from the 1980s and slate on the roof. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$202,500
Cash to close$38,248
Proof of funds to show$63,213
Where the $38,248 goes
  • Down payment (10% of purchase plus rehab)You$22,500
  • Origination (2.13%)Lender$4,303
  • Lender fees (flat)Lender$2,790
  • Broker fee (1%)Broker$2,025
  • Title and closing (estimate at Texas rates)Title$3,336
  • Prepaid interest (15 days)Lender$606
  • Property insuranceInsurer$2,138
  • AppraisalAppraiser$550

Interest while you rehab: $1,228 a month on the $147,500 funded at closing, $1,686 once every draw is out. Proof of funds is cash to close plus $14,850 of rehab reserve and $10,115 of interest reserve. Sample borrower, sample address; the sheet is issued by the same engine as the borrower’s instant term sheet.

Fix and flip programs in Bangor

Swipe the table for rates, credit and terms →

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
First Flip, 10% Down110% of purchase + rehab660+First flip OK9.99%2%75% of ARV12 months21-30 days
7.5% Down, 3+ Flips27.5% of purchase + rehab660+3+ completed flips9.99%1.5%75% of ARV12 months21-30 days
5% Down, 5+ Flips35% of purchase660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
100% Financing, 2+ Flips40% (100% financing)620+2+ completed flips9.50% to 12.00%2.5%70% of ARV9 months7-14 days
  1. Rate 9.99% with 2% to 2.25% origination by credit; more origination buys the rate down as far as 8.99%. Loans under $150,000 add 0.5% to the rate and 0.5% to the origination, under $100,000 1.5% and 1%. Under 680 credit the loan caps at 87.5% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
  2. Rate 9.99% with 1.5% to 1.75% origination by credit; more origination buys the rate down as far as 8.99%. Loans under $150,000 add 0.5% to the rate and 0.5% to the origination, under $100,000 1.5% and 1%. Under 680 credit the loan caps at 90% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
  3. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
  4. Needs 2 completed flips in the last two years and about $75,000 in verified liquidity. Rate 9.5% to 12% with 2% to 3% origination, set per file. Purchase plus rehab must fit under 70% of ARV.

Origination has a $2,000 minimum on most programs (a few lenders set a higher one, noted above) and our broker fee is 1% with a $2,000 minimum and a $10,000 maximum. These are the numbers our term sheets use as of October 2026. Strong credit, cash and a track record can price lower through specific lenders in the network.

Where Bangor prices sit right now

Before we price a Bangor flip, we look at where sales in the city sit today. Your block can run well above or below these numbers, so treat them as the starting point, not the answer.

Redfin puts the Bangor median sale price at $295,000 over the three months through September 2026, down 5.9% from a year earlier, with homes selling in about 45 days and 103 sales in September.

Median sale price, Bangor (Redfin, 3 months to Sep 2026)$295,000
Days on market, Bangor (Redfin)45
Homes sold in September 2026 (Redfin)103
Share of properties at severe 30-year flood risk (First Street via Redfin)4%

Sources: Redfin, Bangor ME housing market

How a Bangor file actually gets priced

With fewer sales and a wide spread between the West Side and the outer neighborhoods, Bangor appraisals can get pulled toward Brewer or Hampden if nothing nearby has closed. We value from renovated sales on the same side of the city and the same era of house. Big Victorians in particular need comps of their own, because their size and upkeep put them in a different buyer pool from a cape.

The Kenduskeag Stream and the Penobscot River are Bangor’s water risk, with ice jams and spring flooding downtown in the past, and Redfin’s First Street data puts about 4% of properties at severe 30 year flood risk. Winters are long and hard, so roof, siding and foundation work belongs in the warm months and a winter hold carries real heating cost. Maine splits its transfer tax between buyer and seller.

Who buys your finished Bangor deal

The Bangor buyer is often a healthcare worker at the regional medical center, a university or air base employee, or a family from a surrounding town moving closer to services. They buy on monthly cost and heating bill. A renovated Victorian can sell well to a buyer who wants character, but the bread and butter exit is a clean, efficient cape or ranch. Small multifamily works as a DSCR hold, since rents here carry low purchase prices.

What happens after you apply

Apply once and the whole Bangor loan lives in the borrower portal: the term sheet you can accept and sign in the browser, where the loan stands, one place for documents, and the list of what the lender is still waiting on. These are real screens from the portal.

Capital Kings borrower portal: Welcome to your file
Welcome to your fileSign in and the term sheet is waiting, with every fee and who it goes to.
Capital Kings borrower portal: Where the loan stands
Where the loan standsApplication, appraisal, title, underwriting, clear to close.
Capital Kings borrower portal: Run the deal again
Run the deal againThe analyzer priced off your real numbers, before and after the appraisal.
Capital Kings borrower portal: What the lender still needs
What the lender still needsEvery open condition, what clears it, and who it is waiting on.

The full walkthrough is on how it works, and you can tour the borrower portal before you apply.

What we fund in Bangor

Fix and flip

10%down on a first flip
Rates
from 9.50% at 620+ credit with 2+ completed flips
With experience
0% down with 2+ completed flips, purchase plus rehab under 70% of ARV
Rehab
100% funded, paid in draws
Fix and flip loans in Maine →

Rental (DSCR)

7.00%rates from, 30-year fixed
Qualify on
the rent, no W-2s or tax returns
Down
from 20% at 700+ credit
Good for
buy-and-hold, and the refinance when a flip becomes a rental
DSCR loans in Maine →

New construction

95%of cost with a financed interest reserve, after 1 completed build
Rates
from 8.49% with 5+ completed builds
First build
85% of cost with a GC who has 5+ builds
Builds
single family to small multifamily
New construction loans in Maine →

Where we lend in Bangor

We broker deals across the whole Bangor market. The submarkets investors ask us about most are West Side historic district (04401), Broadway and the East Side (04401), Fairmount (04401), Little City (04401), Capehart and the airport side (04401) and Downtown and the Kenduskeag (04401).

How long does a Bangor loan take to fund?

You send the address, purchase price, rehab budget and your ARV, which takes about five minutes and no credit pull. We take it to the lenders in our network that fit it and are licensed in Maine, and the rate, origination, leverage and cash to close come back side by side. Plan on 7-14 days with completed flips and 21-30 days on a first flip. We stay on title and the lender through funding.

Bangor hard money FAQ

Do you lend hard money in Bangor?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Bangor scenario across a 400+ lender network and bring back real terms instead of one lender’s rate sheet. The programs on this page are the ones whose lenders are licensed in Maine, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Bangor?
As of October 2026: First Flip, 10% Down (10% down, from 9.99%); 7.5% Down, 3+ Flips (7.5% down, from 9.99%, 3+ completed flips); 5% Down, 5+ Flips (5% down, from 9.99%, 5+ completed flips); 100% Financing, 2+ Flips (100% financing when purchase plus rehab fits under 70% of ARV, from 9.50%, 2+ completed flips). Rehab is funded 100 percent in draws on every one of them, and we shop the file against the rest of the network before anything is signed.
How fast can a Bangor hard money loan close?
In Maine, once the file is complete, the programs for investors with completed flips close in 7-14 days (10-14 on 5% down with 5+ flips, 21-30 on 7.5% down with 3+ flips) and a first flip on the 10% down program closes in 21-30 days. The biggest delays are usually title issues or missing borrower documents, so getting those started early makes a big difference.
How much do I need to bring to close on a Bangor flip?
The worked example on this page is a $170,000 Bangor purchase with a $55,000 rehab and a $310,000 after repair value at 700 credit, first flip: $22,500 down (10% of purchase plus rehab) and $38,248 total cash to close, with $63,213 of proof of funds to show the lender. Investors with a track record can go to 0% down (100% financing) from 9.50% at 620+ credit with 2+ completed flips, when purchase plus rehab fits under 70% of ARV, and you still bring the closing costs in cash. Rehab is funded 100 percent through draws in every case. Run your own numbers in the calculator above, or send us the deal and we will price it.
Do you fund the rehab budget in Bangor?
Yes, 100 percent of the rehab is funded, but it is a holdback released in draws rather than cash at closing. You pay for each phase, request a draw, an inspector verifies the work, and the lender reimburses. That means you need working capital to float the first phase, which is the single most common thing new investors miss on their first deal.
What credit score do I need for a Bangor fix and flip loan?
The lowest credit floor among the Bangor programs is 620, on 100% financing (under 70% of ARV) with 2+ completed flips. A first flip needs 660 or higher. The lowest rate here, 9.50%, needs 620+ credit and 2+ completed flips. Depending on the program, origination steps down at 700 and 740. Credit matters less here than on a conventional loan because the deal carries the file, but it moves your rate and your leverage, so know where you stand before you make offers.
Can I refinance a Bangor flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Bangor flip becomes a hold. A DSCR loan qualifies on the property’s rental income rather than your W-2, so once the rehab is done and it is leased, you refinance out of the short-term hard money loan into 30-year financing. Worth deciding before you start, because it changes what finish level makes sense.
Can I flip a house in Bangor as a first time investor?
Yes. In Maine a first flip can be priced at 10% down with 660+ credit (from 9.99%). The worked example is set to a first deal at a Bangor price point. Programs that need completed flips: 7.5% down from 9.99% with 3+ flips; 5% down from 9.99% with 5+ flips; and 100% financing from 9.50% with 2+ flips when purchase plus rehab fits under 70% of ARV.
How long does it take to sell a flip in Bangor?
Longer than in southern Maine. Redfin shows Bangor homes selling in about 45 days over the three months through September 2026, faster than the 57 days of a year earlier, with the median at $295,000. Plan your hold and your interest reserve around that pace, not a Portland pace.
Micah Foster
Micah Foster
Founder & CEO, Capital Kings LLC
Micah brokers Non-QM and hard money loans for real estate investors across 38 states from his base in Texas. He founded Capital Kings to give investors a broker who shops the market on their behalf instead of pitching one lender product.

What to read before you sign a term sheet

Hard money near Bangor: Lewiston and Portland. More Maine city guides: Auburn and South Portland. Or see everything we fund in Maine.

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