Hard Money Lenders CT
Get approved in less than 5 minutes with instant term sheet + proof of funds
Fast CT Hard Money Loans
Ready to close in less than a week
- Interest rates 9.25 – 11.25%
- Credit score 650+
- Loan-to-Cost Up to 90%
- No income verification
- Get approved online in 5 minutes
- Instant proof of funds letter
- Interest only payments
Need financing for your upcoming real estate project? Get approved for a hard money loan in 5 minutes with one of the top-rated Connecticut hard money lenders.
Need fast closing real estate loans? Look no further than New Silver lending. New Silver has the perfect selection hard money loans for property investors in Connecticut.
New Silver has a variety of different hard money loan products available to suit the needs of any real estate investor. Run by a team of experienced real estate professionals, our loans are ideal for real estate investors in Connecticut.
Loan Programs
Fix & Flip
For house flippers hoping to purchase a fixer upper to renovate and resell in CT. Interest rates from 9.25 – 11.25%, Loan-To-Cost up to 90%, with loan terms up to up to 24 months. Hard Money Refinance Loans also available.
- Get up to $5,000,000
- Interest rate 9.25 – 11.25%
- Origination fee from 1.25 - 1.75%
- Up to 100% construction
Rent
30-year rental loans for stabilized rental properties. Ideal for investors hoping to acquire an investment property. Interest rates from 6.125, loan-to-purchase price up to 80%. Built for buy and hold investors that purchase rental properties.
- Get up to $3,000,000
- Interest rate 6.125
- Origination fee 1 - 2%
- 30-year fixed rate
Ground Up
Designed for residential builders, our ground up construction loans can finance up to 90% Loan-to-Cost (LTC). Interest Rates from 9.75 to 11.5%
The perfect solution for builders in CT that need quick access to capital to fund construction costs.
- Get up to $5,000,000
- Interest rate 9.75 - 11.5%
- Origination fee from 1.5 - 2%
- Up to 24 months
You'll be in good company
Based on 110 reviews on 
Recently Funded In CT
$339,000
Barkhamsted, CT
$185,500
Bloomfield, CT
$232,500
Bridgeport, CT
$238,000
Bridgeport, CT
$162,900
Bridgeport, CT
$236,250
Bristol, CT
$308,225
Clinton, CT
$303,750
Fairfield, CT
$202,500
Ledyard, CT
$140,000
New Britain, CT
Ready to start your project?
New Silver can supply the capital you need to invest in real estate
Get Approved OnlineConnecticut’s Real Estate Market Overview
Average Home Value
$358,906
1-Year Home Appreciation
7.1%
Average
1 Bedroom Rent
$1,249
Average 3 Bedroom Rent
$1,944
Connecticut Homes Are Slightly More Expensive Than Average: The average home value in Connecticut is $358,906 which is about $24,500 more than the average home price in the US ($334,269). Connecticut is also a hot spot for house flippers. If you can find a poorly maintained home in a good area, there is great potential for a fix and flip real estate investment.
Rental Rates Are Good: The average 1-bedroom rental rate is $1,249, while the average 3-bedroom rental rate is $1,944. Given that homes are reasonably affordable in Connecticut, the rental rates are pretty solid. Reasonable house prices combined with good rental rates is basically the recipe for a cash flow positive rental property.
Median Home Price by MSA
| MSA Name | Median Home Price | 1-Year Appreciation | 3-Year Appreciation |
|---|---|---|---|
| Hartford | $344,100 | 9.3% | 40.6% |
| New Haven | $354,800 | 12.8% | 43.1% |
| Norwich | $340,700 | 10.4% | 39.6% |
| Stamford | $687,000 | 4.3% | 47.9% |
Connecticut Real Estate Market Analysis
The Connecticut Market Is Stable & Appreciating: If you review the median house price of Hartford ($344,100), New Haven ($354,800) and Norwich ($340,700), you should notice that they are all fairly similar. These markets are also appreciating at approximately 10% over a 1 year period, and about 40% over a 3 year period.
These numbers suggest that the Connecticut real estate market is growing at a sustainable rate, which could continue for many years to come.
Homes In Stamford Are Considerably More Than Other Metro Areas: In terms of median sale price, Stamford definitely bucks the trend set by other cities in Connecticut. Stamford homes ($687,000 median sale price) are almost double the median sale price in Hartford ($344,100), and also considerably more than the median sale price in the US ($388,472).
Connecticut Real Estate Investor Associations
Reasons to Fund Your Investment Property with New Silver
It doesn’t matter if you are a buy-and-hold investor or a house flipping specialist. New Silver is one of the highest-rated hard money lenders in Connecticut with a selection of hard money loans perfectly matched to meet your real estate investing needs. Unlike a conventional mortgage which can take ages to complete, our hard money loans can be approved online in less than 5 minutes, with an instant proof of funds letter to help you secure the purchase. As a leading hard money lender in the US, we are ready to help you solve your real estate investment needs, with fast closing hard money loans that can be approved online, with an instant proof of funds letter.
Frequently Asked Questions
Yes. New Silver is a private lender that offers short term loan products for house flipping projects, but we also have 30 year rental property loans for investment properties. We also cater to real estate entrepreneurs hoping to build multi-family apartments with our new construction loans.
Yes, we are a non-bank direct lender that provides asset based loans at scale. With asset-based lending, the underwriting process can be more lenient than conventional financing. This is because the underlying value of the asset (real estate property) is more important than the financial background of the investor when setting the terms of the loan.
As a result, the credit score requirements for private money lenders are less stringent, income verification is not needed and the debt to income ratio of the borrower doesn’t matter. Plus, we can get you approved and closed with a hard money loan within 7 days.
Yes. As a direct lender, we offer ground-up construction loans for real estate developers that build single family (1-4 unit) residential properties.
Yes. Our fix and flip loans can act as a bridge loan for real estate investors with a loan term ranging from 6 to 24 months in duration. More information can be found on the loan product page, together with the maximum loan amounts available.
The main reason hard money lenders have higher interest rates is because of the risks involved in the financial transaction. Unlike a residential home purchase, a fix and flip project could run over budget, the real estate market might take a turn for the worse, making the property difficult to sell quickly.
In other words, you could potentially lose money with a fix and flip. This risk is applicable to the borrower and the hard money lender. The higher interest rate compensates for this risk that the hard money lender is willing to take on.
The origination fee (loan points) of a hard money loan is usually between 2-3%, but this varies with each deal. To work out the expected monthly payments, it is best to use our hard money loan calculator.
In short, yes. While our credit requirements of a hard money lender are not as stringent as a traditional lender, we do review the credit history of all our borrowers. If you’re worried about bad credit, it is best to look at our hard money loans product page to see if New Silver is a good fit for your needs.
- House Flipping Loan – Designed for house flippers
- Rental Property Loan – 30 year loan for investment properties
- Construction Loan – For new residential building projects
Where We Lend
Hard Money Loans Across The US
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington DC
- West Virginia
- Wisconsin
- Wyoming
Apply for a loan at New Silver today!
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