If you are weighing a private loan for a Connecticut investment property, start with who is lending and how the deal will be documented. Ask whether the lender must be licensed for your type of loan, verify what you can, and have an attorney review the note and security instrument. This site is an information resource and does not make private loans, but it can connect you with a licensed broker to compare regulated options.
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 LLC and business entity filings: Business.CT.gov. Lenders lending to an LLC usually ask for its formation documents and good-standing record.
Where the numbers point in Connecticut
Counties with the most business-purpose investor loans (2024):
| County | Business-purpose investor loans (2024) |
|---|---|
| the Capitol Planning Region | 952 |
| the South Central Connecticut Planning Region | 690 |
| the Naugatuck Valley Planning Region | 596 |
| the Western Connecticut Planning Region | 524 |
| the Greater Bridgeport Planning Region | 466 |
| the Southeastern Connecticut Planning Region | 296 |
| the Northwest Hills Planning Region | 120 |
| the Lower Connecticut River Valley Planning Region | 110 |
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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.
Private 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
Are private money loans business-purpose loans?
Private loans on investment property are usually business-purpose loans and are often made to an LLC. The rules and disclosures that apply differ from a home loan, so ask the lender, and your attorney, which ones govern your deal. Business purpose does not mean anything goes. State laws on lending, interest and foreclosure can still apply, and the written agreement still controls.
What is the difference between private money and hard money?
The terms overlap. Private money usually describes funds from an individual or a private fund, sometimes someone you know. Hard money usually describes companies that make asset-based, short-term loans as a business. Both focus on the property more than your income, and both tend to cost more than licensed bank or mortgage loans in exchange for speed. The paperwork and lender vetting matter in either case.
Should I borrow private money against the home I live in?
Be very cautious. A loan secured by your own home puts that home at risk if the loan cannot be repaid or refinanced on time. Loans on owner-occupied homes carry consumer protections, including the lender's duty to make a good-faith determination of your ability to repay. Talk to a licensed loan officer about regulated options first, and have an attorney review any private offer.
Other investor loans in Connecticut
DSCR loansDSCR requirementsDSCR down paymentAirbnb / STR loansHard money lendersHard money for a primary homeFix and flip loansInvestor bridge loansPortfolio lendersBlanket mortgagesInvestment property loansHELOC on a rentalInvestor cash-out refiSecond home loansInterest-only investor loans
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
Private Money Lenders overview · Connecticut investor loan overview
- 2024 HMDA data, investment-property occupancy