Ground-up construction loans for builders and investors developing new properties in Maine. Finance up to 85% of your land purchase and 85% of construction costs on a single loan. Rates from 10%, non-Dutch interest, and land doesn't need to be permitted to qualify. Loans $100K to $7.5M.
SLA Capital — a Sir Lends A Lot LLC Company
A new construction loan is short-term financing for building a property from the ground up. It typically covers land acquisition, vertical construction, and an interest reserve on a single loan, with construction funds disbursed via draws as the build progresses through inspection milestones. Once construction is complete, the loan is paid off through a sale of the finished property or refinanced into long-term financing.
Portland has grown into one of the most in-demand Northeast metros. Coastal STR corridors add seasonal income flexibility. Constrained supply supports long-term value.
Portland has become one of the fastest-growing metros in the Northeast, with tech, healthcare, and food-and-beverage employment supporting deep rental demand across the metro.
Southern Maine and Midcoast Maine host active seasonal STR markets. Our DSCR program supports STR income on qualifying properties.
Maine housing supply is constrained by both geography and slow permitting timelines, which supports long-term property values and rental rates.
Whether you're closing a single-asset SFR in a smaller Maine market or a portfolio in a major metro, we're active statewide. High-volume markets we regularly close in include:
Cumberland County — Portland + South Portland + Westbrook
Penobscot County — Central Maine
State capital + Androscoggin County
Androscoggin County — Lewiston-adjacent
Southern Maine coastal STR corridor
Cumberland County — Bowdoin + former NAS Brunswick redevelopment
Midcoast STR corridors
Statewide coverage — send us any Maine property
Same nationwide program, no state-specific surcharges.
Up-front pricing on every loan. The rate you're quoted is the rate you close at — no surprises at the closing table.
Up to 85% of the land purchase price plus 85% of construction costs. High leverage that keeps your capital deployable.
Pay interest only on the funds you've actually drawn, not on the undrawn balance. Keeps carrying costs down during early build phases.
Choose the term that fits your build schedule. Straightforward extensions available on active projects.
Land does not need to be permitted or warranted before loan approval. Get under contract and permit in parallel.
From single infill lots to multi-unit projects across Maine. Same clean underwriting from starter builds up to $7.5M.
Yes. SLA Capital funds New Construction loans throughout Maine — Portland Metro, Bangor, Augusta & Lewiston, Auburn, Kennebunk & York, and every other ME metro. Rates from 10%, up to 85% land + 85% construction.
SLA Capital finances up to 85% of the land purchase plus 85% of construction costs in Maine. Loans range from $100,000 to $7,500,000.
No. SLA Capital does not require the land to be permitted or warranted before loan approval. Get under contract and start underwriting in parallel with permitting.
Non-Dutch interest — borrowers pay interest only on funds that have been drawn, not on the undrawn balance. This keeps carrying costs down during early build phases when most of the loan hasn't been disbursed yet.
Portland has grown into one of the most in-demand Northeast metros. Coastal STR corridors add seasonal income flexibility. Constrained supply supports long-term value.
Send us the property. Our sizer returns a real term sheet in minutes.
Long-term rental financing for Maine investors. Rates from 5.75%, up to 80% LTV, 3-month seasoning on cash-outs.
Short-term purchase + rehab financing across every Maine metro. Rates 9.5–12%. Up to 100% LTC for premier borrowers.