Commercial Real Estate Financing in Maine

Commercial Loan Direct (CLD) provides commercial real estate loans in the state of Maine. Current commercial loan rates in Maine range from 5% to 12.95%, depending on the loan program. CLD is a national commercial mortgage banker offering aggressively priced programs and superb service. CLD originates loans for its parent company CLD Financial which provides a wide variety of lending vehicles. Our company is currently targeting owner occupied and investment properties over $1 Million in the state of ME.

Maine Commercial Loan Rates

Loan Types Rates LTV Loan Amount Occupancy
Conventional 5% - 8.95% 80% $1,000,000+ Investment + Owner Occupied
Conduit / CMBS 5.9% - 7.86% 75% $2,000,000+ Investment
Insurance 5.3% - 8.68% 75% $5,000,000+ Investment + Owner Occupied
FHA / HUD 4.94% - 6.29% 83.3% $5,000,000+ Investment
USDA 5.45% - 9.8% 85% $1,000,000+ Investment + Owner Occupied
Bridge 5.95% - 12.95% 80% $1,500,000+ Investment
Construction 5.7% - 8.95% 83.3% $1,000,000+ Investment
SBA 5.45% - 8.95% 85% - 90% $1,000,000+ Owner Occupied

Note: The commercial mortgage rates displayed in this website should be used as a guideline and do not represent a commitment to lend. Commercial Loan Direct and CLD Financial, LLC are not liable for any commercial mortgage interest rate or data entry errors that might affect the displayed commercial loan rates. Commercial loan rates may change at any time and without notice.

Types of Commercial Loans in Maine

Investment Property Mortgages

The types of mortgages available for these types of properties are Conventional, CMBS / Conduit, Insurance, and Agency (FHA / HUD and USDA) products. Bridge and/or Construction mortgages are also available on a case-by-case basis in order to reposition, stabilize or construct buildings. Commercial real estate investment properties can include office, retail, industrial/warehouse, self-storage, healthcare (medical office, skilled nursing facility, memory care, hospitals), hospitality, (hotel, motel, resort), and mixed use.

Owner Occupied Commercial Mortgages

Owner-Occupied commercial real estate properties in which the owner occupies at least 50% of the premises and can include office, retail, industrial/warehouse, self-storage, healthcare (medical office, skilled nursing facility, memory care, hospital), hospitality (hotel, motel, resort), mixed use, or any other type of commercial property. The types of mortgages available for owner-occupied buildings include Conventional, Insurance, and Agency programs including FHA / HUD, SBA, and USDA. Construction mortgages are also available on a case-by-case basis in order to develop or reposition a property for the owner's use.

Commercial loan landscape in Maine (high-level snapshot)

Maine’s commercial lending market is small, conservative, and relationship-driven. Capital is available, primarily through community and regional banks, but underwriting emphasizes cash-flow stability, borrower experience, and local market fundamentals. Lenders favor simple, well-supported deals over aggressive growth or speculative strategies.

What lenders are most comfortable financing

Owner-occupied properties are among the most lender-friendly transactions in Maine, especially when supported by long-established local businesses with consistent operating history.

Essential-use properties such as medical offices, professional services, and community retail tend to underwrite well due to steady local demand.

Industrial and light manufacturing tied to regional production, food processing, and logistics can finance when tenancy and operations are stable.

Stabilized multifamily can obtain financing, particularly workforce and mid-market housing with predictable occupancy and controlled expenses.

Where underwriting gets tougher

Office properties are underwritten cautiously, especially older buildings or assets in smaller towns with limited tenant depth.

Hospitality is financeable but closely scrutinized due to seasonality, labor availability, and reliance on tourism cycles.

Value-add and transitional deals face tighter leverage and higher equity requirements, particularly when reliant on aggressive lease-up or rent growth assumptions.

Market-by-market dynamics (how lenders tend to think)

Portland Metro: The most lender-active market in the state, with better appetite for stabilized multifamily, owner-occupied, and essential-use properties.

Coastal towns: Financing is selective and heavily influenced by seasonality, insurance costs, and exposure to coastal conditions.

Inland and rural markets: Lending is highly relationship-driven, with conservative leverage and focus on mission-critical property use.

Who is lending in Maine (and what that means for terms)

Community and regional banks dominate commercial lending. Borrower relationships, deposits, and local reputation play a major role in approvals.

Credit unions can be competitive for owner-occupied and smaller-balance loans.

National and institutional lenders participate selectively, usually for larger, stabilized assets in primary markets.

Key underwriting themes unique to Maine

Seasonality is closely reviewed, especially for hospitality and retail tied to tourism.

Expense realism matters, including heating, maintenance, and insurance costs.

Exit liquidity is stressed due to smaller buyer pools and longer disposition timelines.

What “good” looks like to a Maine lender right now

A strong Maine loan request typically includes conservative leverage, stable historical NOI, experienced sponsorship, and a straightforward business plan.

Deals built on aggressive assumptions or short-term exit strategies tend to struggle.

Bottom line

Maine is a capital-available but conservative lending market. Owner-occupied, stabilized multifamily, and essential-use properties provide the clearest paths to financing, while office, hospitality, and highly transitional projects face tighter underwriting.

Locations Served in Maine

We are proud to be serving the state of Maine. Here are our commercial loan statistics for this state.

Maine Cities and Towns Served

26

Lending Cities

Commercial loan direct provides services in the following Maine cities. Please note we may be able to provide services in other cities as well by request. Rates are dependent on the market in your locale, feel free to use the provided Maine economic reports to get a better understanding of your market.

  • Acton
  • Addison
  • Albion
  • Alfred
  • Androscoggin County
  • Appleton
  • Aroostook County
  • Arundel
  • Auburn
  • Augusta
  • Bangor
  • Bar Harbor
  • Bath
  • Belfast
  • Belgrade
  • Benton
  • Berwick
  • Bethel
  • Biddeford
  • Boothbay
  • Boothbay Harbor
  • Bradford
  • Bradley
  • Brewer
  • Bridgton
  • Bristol
  • Brooks
  • Brownfield
  • Brownville
  • Brunswick
  • Buckfield
  • Bucksport
  • Burnham
  • Buxton
  • Calais
  • Camden
  • Canaan
  • Canton
  • Cape Neddick
  • Caribou
  • Carmel
  • Castine
  • Charleston
  • Chelsea
  • Cherryfield
  • Chesterville
  • China
  • Chisholm
  • Clinton
  • Corinna
  • Cornish
  • Cornville
  • Cumberland Center
  • Cumberland County
  • Cushing
  • Damariscotta
  • Dayton
  • Dedham
  • Deer Isle
  • Denmark
  • Dexter
  • Dixfield
  • Dixmont
  • Dover-Foxcroft
  • East Machias
  • East Millinocket
  • Easton
  • Eastport
  • Eddington
  • Edgecomb
  • Eliot
  • Ellsworth
  • Enfield
  • Etna
  • Fairfield
  • Falmouth
  • Falmouth Foreside
  • Farmingdale
  • Farmington
  • Fayette
  • Fort Fairfield
  • Fort Kent
  • Frankfort
  • Franklin
  • Franklin County
  • Freeport
  • Frenchville
  • Friendship
  • Fryeburg
  • Gardiner
  • Garland
  • Gorham
  • Gouldsboro
  • Greenbush
  • Greene
  • Greenville
  • Hallowell
  • Hampden
  • Hancock
  • Hancock County
  • Harpswell Center
  • Harrison
  • Hartford
  • Hebron
  • Hermon
  • Hiram
  • Hodgdon
  • Holden
  • Hollis Center
  • Hope
  • Houlton
  • Howland
  • Hudson
  • Jay
  • Jefferson
  • Jonesport
  • Kenduskeag
  • Kennebec County
  • Kennebunk
  • Kennebunkport
  • Kingfield
  • Kittery
  • Kittery Point
  • Knox County
  • Lake Arrowhead
  • Lebanon
  • Leeds
  • Levant
  • Lewiston
  • Limerick
  • Limestone
  • Limington
  • Lincoln
  • Lincoln County
  • Lincolnville
  • Lisbon
  • Lisbon Falls
  • Livermore
  • Livermore Falls
  • Lovell
  • Machias
  • Machiasport
  • Madawaska
  • Madison
  • Manchester
  • Mechanic Falls
  • Medway
  • Mexico
  • Milbridge
  • Milford
  • Millinocket
  • Milo
  • Minot
  • Monmouth
  • Mount Vernon
  • New Gloucester
  • New Sharon
  • Newfield
  • Newport
  • Nobleboro
  • Norridgewock
  • North Bath
  • North Berwick
  • North Windham
  • Northport
  • Norway
  • Oakland
  • Ogunquit
  • Old Orchard Beach
  • Old Town
  • Orland
  • Orono
  • Orrington
  • Owls Head
  • Oxford
  • Oxford County
  • Palermo
  • Palmyra
  • Paris
  • Parsonsfield
  • Patten
  • Penobscot
  • Penobscot County
  • Peru
  • Phillips
  • Phippsburg
  • Piscataquis County
  • Pittsfield
  • Pittston
  • Plymouth
  • Poland
  • Porter
  • Portland
  • Presque Isle
  • Randolph
  • Raymond
  • Readfield
  • Richmond
  • Rockland
  • Rockport
  • Rome
  • Rumford
  • Sabattus
  • Saco
  • Sagadahoc County
  • Saint Albans
  • Saint George
  • Sanford
  • Sangerville
  • Scarborough
  • Searsmont
  • Sedgwick
  • Shapleigh
  • Sidney
  • Skowhegan
  • Somerset County
  • South Berwick
  • South Eliot
  • South Paris
  • South Portland
  • South Portland Gardens
  • South Sanford
  • South Thomaston
  • South Windham
  • Springvale
  • Steep Falls
  • Stetson
  • Steuben
  • Stockton Springs
  • Stonington
  • Strong
  • Sullivan
  • Surry
  • Swanville
  • Thomaston
  • Topsham
  • Tremont
  • Trenton
  • Troy
  • Turner
  • Union
  • Van Buren
  • Vassalboro
  • Veazie
  • Vinalhaven
  • Waldo County
  • Waldoboro
  • Warren
  • Washington
  • Washington County
  • Waterboro
  • Waterville
  • Wayne
  • Wells Beach Station
  • West Kennebunk
  • West Paris
  • West Scarborough
  • Westbrook
  • Whitefield
  • Wilton
  • Windsor
  • Winslow
  • Winterport
  • Winthrop
  • Wiscasset
  • Woodstock
  • Woolwich
  • Yarmouth
  • York Beach
  • York County
  • York Harbor

Commercial Loan FAQs in Maine

Commercial interest rates in Maine vary based on loan type, property type, loan-to-value, debt service coverage ratio, borrower strength, and market conditions. They range from approximately 5% to 12.95%.

Borrowers in Maine can access Conventional, CMBS/Conduit, Insurance, FHA/HUD, USDA, Bridge, Construction, and SBA financing based on property type, leverage, and occupancy.

Commercial loan rates in Maine depend on loan type, property cash flow, debt service coverage ratio, loan-to-value, borrower strength, and market conditions.

Yes. Owner-occupied financing is available in Maine, including Conventional, Insurance, SBA, USDA, and selected agency programs when eligibility requirements are met.

Yes. Refinance options in Maine include rate-and-term and cash-out structures, subject to underwriting, property performance, and lender program guidelines.

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