Hard Money Loans in Connecticut

Connecticut flips usually start with an older house. In Hartford, New Haven, Bridgeport and inner suburbs such as West Haven, plan for heating, wiring, plumbing and roofs before finishes. Around Stafford Springs, in the northeast, some houses have concrete foundations containing pyrrhotite, a mineral that can make them crack and crumble, so inspect the foundation early. On the resale you pay the seller's conveyance tax, so budget for it.

Apex's hard money fix and flip loans cover up to 92.50% of total cost and up to 100% of the rehab budget, with a 650 minimum FICO and lower scores considered case by case. First-time investors are welcome.

Two- and three-family houses are the core of the rental stock in Connecticut's older cities, and every unit's rent counts toward the DSCR. Each town sets its own mill rate, and the payment includes property taxes, so the current rate and assessment go straight into the ratio. Short-term rentals are eligible; shoreline towns and the Litchfield Hills draw vacation renters, so check town rules first.

Apex qualifies DSCR loans on the property's cash flow, with no personal-income verification and a 0.75x DSCR, for $100K to $3M+ on 30-year terms. Cash-out refinances go up to 80% LTV. Reaching the full 80% takes a stronger DSCR and credit score than the program minimums, so leverage on each file is set by its DSCR and credit.

A bridge loan fits Connecticut deals where timing matters, such as a New Haven two-family with a vacant unit or a Hartford building that needs repairs before a bank will lend on it. Foreclosures here typically end in strict foreclosure, not an auction, so distressed properties often come to market as bank-owned sales, where a quick close backed by a complete file helps.

One route is to renovate and lease up with hard money, then refinance into a DSCR loan. Apex sets bridge terms deal by deal, welcomes first-time investors, and sends a term sheet within 12-24 hours.

Investor construction in Connecticut is often infill or teardown work. In Fairfield County towns such as Greenwich, Darien and Westport, builders replace older houses on established lots, and vacant lots in the older cities can take new homes where zoning allows. Anyone building a new home here, speculative housing included, needs a New Home Construction Contractor registration from the Department of Consumer Protection.

Apex funds up to 100% of the construction budget, released in stages against progress, with the lot purchase included if needed. Send the plans and budget with the deal.