Seeking Hard Money / Private Lender — Waterfront Flip in Winterport, ME
The Deal:
Type: Single-Family Waterfront | 4 Bed / 2 Bath | 2,706 sqft | 5.18 Acres
Purchase Price: $260,000 (Contract Executed)
Rehab Budget: $145,000 ( Renovation incl. septic replacement)
ARV: $650,000 (Conservative — supported by $668k and $605k comps)
Timeline: 4-6 months (Close Sept → Rehab Sep-Nov → List Dec → Sell Jan-Feb)
The Property:
Waterfront on Marsh Stream with direct water access and views
5.18 acres — 2-5x larger than most area comps
Detached 2-car garage
1974 build with good bones but needs $145,000 +/- renovation
Rehab Scope ($145k):
New septic system
New roof
Full interior/exterior paint
New furnace
Flooring (carpet → vinyl + hardwood refinish)
Deck repair, landscaping, kitchen, contingency
What I'm Looking For:
90% LTV on purchase price
100% rehab funding via draw schedule
12-month term (6-month hold expected)
Willing to pay standard HM rates (10-13%)
The Comps (Recent Sales in Winterport):
23 The Landing Ln — $667,762 (Feb 2026)
985 N Main St — $605,000 (Apr 2026)
216 Monroe Rd — $575,000 (Aug 2025)
46 Boston Rd — $545,000 (Apr 2026)
12 Moyse Rd — $500,000 (Oct 2025)
567 Stream Rd — $382,000 (Apr 2026) — Same street, unrenovated
Track Record:
65 Dirigo Dr — BRRRR acquisition, $45 purchase, $25k renovation. Rented & Sold for $165k -- Rented at $1800/month - 4 years.
17 Nelson St — BRRRR acquisition, $55k purchase, $30k renovation, stabilized and rented for $2100.00/month.
342 Main Road S — Value-add flip, $55k purchase, $45k renovation, sold for $125k after rented for $1300/month
SI Associates Business Acquisition: $75,000 Purchase. Growth & Systems Applied. 2026 Evaluation $350,000
Licensed Maine RE Broker | Hyatt Apartments LLC | eXp REO Certified | SI Associates PM
The Bottom Line:
Purchase at $260k = 40% of ARV ($650k)
$145k rehab (including septic) funded via HM draws
90% LTV
6-month hold
Fully supported by 6 recent comps over $500k
I have executed contracts, contractor bids, and full comp packages ready to share.
DM me or schedule a call: calendly.com/jonhyatt