Hard money lenders active in Connecticut make short-term, asset-based loans on investment properties for purchases, renovations and time-sensitive deals. Investors use them when a bank cannot move fast enough or will not lend on a property in its present condition. Because they are usually business-purpose loans priced above long-term debt, investors need a clear exit by sale or refinance. Below you can find Connecticut city pages, local data and the questions to ask a licensed loan officer.
Call to talk with a licensed loan officer. Programs vary by borrower, property and investor.
Connecticut foreclosure process: judicial. Connecticut forecloses through court actions in Superior Court, usually by strict foreclosure (title passes to the lender if no one redeems), with foreclosure by sale also available. Short-term loans carry real risk if the exit plan slips, so know how default is handled before you sign.
Connecticut transfer taxes: Real Estate Conveyance Tax. Has a state and a municipal portion; the grantor (seller) or the grantor's attorney or agent files Form OP-236, and the return and payment are due when the deed is recorded, unless an exemption applies. Your Loan Estimate or closing statement lists what applies to your deal.
Where the numbers point in Connecticut
Counties with the most investor loans with balloon or non-amortizing terms (2024):
| County | Investor loans with balloon or non-amortizing terms (2024) |
|---|---|
| the Capitol Planning Region | 197 |
| the South Central Connecticut Planning Region | 106 |
| the Naugatuck Valley Planning Region | 103 |
| the Western Connecticut Planning Region | 99 |
| the Southeastern Connecticut Planning Region | 83 |
| the Greater Bridgeport Planning Region | 72 |
| the Lower Connecticut River Valley Planning Region | 22 |
| the Northwest Hills Planning Region | 21 |
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Prefer to talk first? Call (888) 865-8230. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.
Hard Money Lenders by city in Connecticut
- Ansonia
- Branford Center
- Bridgeport
- Bristol
- Cheshire Village
- Conning Towers Nautilus Park
- Cos Cob
- Danbury
- Derby
- Glastonbury Center
- Hartford
- Jewett City
- Kensington
- Meriden
- Middletown
- Milford
- Milford city
- Naugatuck
- New Britain
- New Haven
- New London
- Norwalk
- Norwich
- Oakville
- Old Greenwich
- Pawcatuck
- Riverside
- Rockville
- Shelton
- Sherwood Manor
- Simsbury Center
- Southwood Acres
- Stafford Springs
- Stamford
- Storrs
- Terryville
- Thompsonville
- Torrington
- Wallingford Center
- Waterbury
- West Haven
- Willimantic
- Winsted
Common questions
Why does hard money cost more than a regular mortgage?
These loans carry more risk for the lender: they are short, often fund properties in rough condition and rely on an exit that has not happened yet. Lenders offset that risk with a higher rate, points and fees. You are paying for speed and flexibility, so weigh the full cost of a hard money loan against the value of securing the deal you want.
Can I use hard money to buy a rental property in Connecticut?
Yes, many investors use hard money to buy a rental that needs work, then refinance into a DSCR or other long-term loan once repairs are done and a tenant is in place. Ask the loan officer what the refinance lender will expect on condition, rent and time owned so the hard money loan is set up for a smooth handoff.
What happens if I cannot repay the hard money loan on time?
If the property has not sold or refinanced by maturity, the lender may offer an extension for a fee, or the loan may go into default. Default can bring added charges and, eventually, foreclosure. Ask about extension terms before you sign, keep reserves for delays, and contact the lender early if your timeline slips.
Other investor loans in Connecticut
DSCR loansDSCR requirementsDSCR down paymentAirbnb / STR loansHard money for a primary homeFix and flip loansInvestor bridge loansPortfolio lendersBlanket mortgagesInvestment property loansHELOC on a rentalInvestor cash-out refiSecond home loansInterest-only investor loansPrivate money lenders
Related guides
- Hard Money vs DSCR Loan: Which Fits Your Investment Property?
- LLC Mortgage Basics: Financing a Rental in an LLC
- How to Compare DSCR Lenders and Loan Offers
Hard Money Lenders overview · Connecticut investor loan overview
- 2024 HMDA data