Civic Financial Services for Maine investors
Civic Financial Services (now part of PacWest Bank) is a long-standing national non-QM lender with full product suite. 75% LTV on cash-out refinance.
Maine context
Maine seasonal rental market. Coastal STR potential.
How Civic Financial Services positions in Maine
For Maine specifically, Civic Financial Services fits investors who match the hard money approach. The medium cash flow profile of Maine aggregate makes it workable for Civic Financial Services.
City-level coverage in Maine
Civic Financial Services provides DSCR coverage across Maine metros including Portland, Bangor, and Maine. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Civic Financial Services program terms apply uniformly across Maine metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | fix-and-flip, BRRRR, rental, bridge |
| Loan size | $75K - $2.0M |
| Rates | 9.5%-12% |
| Points | 1 - 3 |
| Max LTV | 80% of ARV |
| Term lengths | 12-24 months (hard money) / 30-year (rental) |
| Typical close time | 10-21 days typical |
| Maine property tax | 1.2% |
| Maine state income tax | 7.15% |
Civic Financial Services strengths in Maine
- broad product suite
- experienced team
- national reach
Ideal borrower: Mid-to-experienced investor with consistent deal flow
FAQ
Yes, operates nationally including Maine. Civic Financial Services is based in Redondo Beach, CA and operates nationally.
Portland is the top investor market in Maine and falls within Civic Financial Services national coverage. Portland property tax follows the Maine state rate of 1.2 percent. Civic Financial Services typically underwrites Portland acquisitions at standard rate sheets.
Yes. Bangor ranks among the larger Maine investor metros and sees consistent DSCR loan volume from Civic Financial Services. Submarket variation within Bangor matters for property selection.
Civic Financial Services applies the same rate sheet across Maine metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Portland, Bangor, and Maine all qualify for the same Civic Financial Services program.
Civic Financial Services indicative DSCR rate range is 9.5 to 12 percent with 1 to 3 points.
Maine seasonal rental market. Coastal STR potential. Civic Financial Services follows standard business-purpose loan structures.
Civic Financial Services funds fix-and-flip, BRRRR, rental, bridge in Maine.
Maine allows standard DSCR prepay structures; Civic Financial Services typically uses 3-5 year step down.
Civic Financial Services typical close: 10-21 days typical.
Bottom line
Civic Financial Services in Maine works for the right borrower-deal combination. Match the lender to your deal characteristics.
Independent directory listing. DSCR Loan Program is not affiliated with Civic Financial Services.