Private & Hard Money Lenders in Penobscot County, ME
7 lenders funded 18 short-term investment-property loans in Penobscot County in 2024 at a median rate of 8.00%. Ranked by verified loan volume — not paid placement.
Penobscot County hard money lenders by 2024 loan count
| # | Lender | Hard money loans | Median rate | DSCR loans |
|---|---|---|---|---|
| 1 | FIRST NATIONAL BANK | 10 | 8.00% | 34 |
| 2 | Machias Savings Bank | 2 | — | 42 |
| 3 | Bar Harbor Bank & Trust | 2 | — | 7 |
| 4 | BANGOR SAVINGS BANK | 1 | — | 31 |
| 5 | THE CAMDEN NATIONAL BANK | 1 | — | 17 |
| 6 | MAINE SAVINGS FEDERAL CREDIT UNION | 1 | — | 11 |
| 7 | LIMA ONE CAPITAL, LLC | 1 | — | — |
DSCR / long-term rental lenders in Penobscot County
These lenders reported only longer-term (>36 month) business-purpose rental loans here in 2024— a different product from hard money, listed separately so the two aren't conflated.
Frequently asked questions
7 lenders reported short-term, business-purpose investment loans in Penobscot County in 2024 verified lending records — 18 loans totaling $4.5M. Smaller local lenders below public reporting thresholds may also operate here.
The median note rate across Penobscot County's active lenders was 8.00% in 2024. Hard money runs well above conventional mortgage rates because loans are short, asset-based, and close fast.
Verified public lending records for 2024. We count originated, business-purpose loans on investment properties with terms of 36 months or less — the bridge and fix-and-flip products hard money lenders make. Rankings reflect verified loan counts, never paid placement.