Connecticut
Connecticut Hard Money Loans for Real Estate Investors
Short-term financing for fix-and-flip, acquisition + rehab and construction projects throughout Connecticut, from Fairfield County to the Quiet Corner.
Where we lend in CT
Statewide. Deals anywhere in Connecticut are handled directly with Youssef by phone and email.Fairfield County
Stamford, Norwalk, Bridgeport, Danbury and the surrounding towns: single-family renovation plus older multifamily in the cities.
New Haven County
New Haven, Waterbury, Meriden and the shoreline towns, with a large stock of two- and three-family houses.
Hartford and beyond
Hartford, New Britain and the rest of the state, where three-family "triple-decker" buildings are a common investor property.
What Connecticut investors should know before they buy
Connecticut closings use attorneys
Real estate closings in Connecticut are handled by attorneys. Line up an attorney who works with investors when you sign the contract, because they will coordinate title, the lender's closing conditions and the closing itself.
Check the foundation in north-central and eastern Connecticut
Some homes in parts of north-central and eastern Connecticut, particularly in Tolland, Windham and Hartford Counties, were built with concrete containing pyrrhotite, which can cause foundations to crack and deteriorate. Before buying in the affected areas, have the foundation evaluated. It affects value, renovation scope and resale.
Conveyance tax is part of your exit cost
Connecticut charges a state real estate conveyance tax, plus a municipal conveyance tax, when property is sold. The seller typically pays, which on a flip means you. Include it in your projected sale costs and ask your attorney for current rates.
Older multifamily stock
The state's cities have many two- and three-family buildings built before 1978. Plan for lead-safe renovation practices, older electrical and heating systems, and local building department inspections in your scope and schedule.
What Wisdom Capital finances in Connecticut
1–14 unit residential investment property, with loans from $100,000 to $3,000,000, closed in the name of an LLC or corporation. Fix-and-flip loans cover 1–4 unit properties at up to 90% of purchase price and 100% of hard costs, capped at 70% of ARV, at 10.99% for qualified investors.
Financing available in Connecticut
- Fix & flip loans for single-family and multifamily renovation and resale
- Acquisition + rehab loans for value-add purchases you may sell or hold
- Construction loans for ground-up and major redevelopment
- First-time investor financing for a first Connecticut project
Connecticut hard money FAQ
Who offers hard money loans in Connecticut?
Several private and hard money lenders lend in Connecticut. Wisdom Capital is a direct lender that finances investment property statewide, and Youssef Bauer is an Account Executive working with Connecticut investors, brokers and attorneys.
Can I finance a three-family in Hartford or New Haven?
Two- and three-family buildings are common investor properties in both cities. Wisdom Capital finances 1–4 unit properties through its fix-and-flip program and residential buildings up to 14 units overall. Send the address, price, scope and ARV for review.
Do crumbling foundations affect financing?
They can. A foundation affected by pyrrhotite changes the property's value and the renovation budget, so an engineer's evaluation is an important part of the deal file in affected areas.
Next step
Have a Deal in Mind?
Submit the property details and let’s review the financing structure.
Helpful to include
- Property address and property type
- Purchase price and target closing date
- Renovation budget or scope of work
- Estimated after-repair value (ARV) and comps
- Your recent project experience, if any