Connecticut Hard Money and Private Lender
for Real Estate Investors
DSCR, fix and flip, bridge and construction loans for investors in Hartford, New Haven, Bridgeport, Stamford and across Connecticut, with one Relationship Manager from the first call to the final wire.
Connecticut Real Estate Investor Loans
About one in seven Connecticut homes sits in a building of two to four units, twice the national share, and in Bridgeport, Hartford, New Haven and New Britain it’s closer to one in three. One in five was built before 1940. So a typical Connecticut deal is an older two- or three-family that needs work, then gets rented or sold. We finance each stage: fix and flip loans for the purchase and the work, bridge loans to buy before the last deal sells, DSCR loans once it’s rented, and construction loans for the lots where new homes still get built.
DSCR Loans in Connecticut
Leverage
Up to 80% LTV
Rate
Instant Quote
Sized to the rent, not your tax returns. We ask one question: does what the property rents for cover the monthly payment, with room left over for you? In Connecticut the property tax is a large part of that payment, and it changes from town to town, so we size the loan to the actual tax bill. Up to 80% of value on a purchase or rate and term refinance, 75% on a cash-out, fixed for 30 years, and 1 to 4 unit rentals can close vacant or occupied.
Fix and Flip Loans in Connecticut
Leverage
90% / 100% / 70% ARV
Rate
From 7.99%
Close
5–10 days
We underwrite Connecticut flips to the finished value: the scope, the budget, and the sales behind your number. We lend up to 90% of the purchase and 100% of the renovation, capped at 70% of what the property will be worth finished, and release renovation money as the work is done. In a state where one home in five is more than 85 years old, the scope is where the risk sits, so bring the contractor’s numbers, not an allowance.
Bridge Loans in Connecticut
Term
Up to 24 Months
Best fit
Buy now, refinance later
For the deal that can’t wait on a long-term loan. Close on the next property before the last one sells, or buy a two- or three-family with empty units, lease it up, and refinance into a 30-year DSCR loan once the rent is in place.
Construction Loans in Connecticut
Leverage
Up to 80% LTC
Exit
Sell or refi to DSCR
With so much of the state’s housing old, new homes get built a lot at a time: infill in the cities, single lots and small subdivisions in the suburbs. We finance both, from the foundation to the certificate of occupancy. Build to sell, or keep it and refinance into a 30-year DSCR loan once it’s rented.
What Works Differently in Connecticut
Property tax is set town by town
Every town assesses at 70% of market value, then sets its own tax rate. On a $400,000 house, that comes to about $12,200 a year in Bridgeport, $7,600 in Stamford and $3,400 in Greenwich.
For your deal: look up the town’s rate before you offer. On a DSCR loan, the tax is part of the payment the rent has to cover.
The seller pays a tax at the sale
The state takes 0.75% of the price from the seller, and the town another 0.25%. Some cities add up to 0.25% more, and the state rate rises above $800,000.
For your deal: on a $400,000 resale, set aside $4,000 to $5,000 for closing. It comes out of the flip’s profit.
Tenants can challenge a rent increase
Every town of 25,000 or more must have a fair rent commission, which can cap an increase it finds excessive. It weighs your taxes, your loan payments and what you’ve put into the property.
For your deal: underwrite a rental on the rent it earns today, and keep the records of work that justifies a raise.
Check foundations poured since 1983
Some Connecticut foundations contain pyrrhotite, a mineral that makes concrete crack apart. The state’s repair fund covers homes built in 1983 or later, but on homes bought since 2017 the owner must live there, and companies that buy distressed homes can’t claim.
For your deal: on a house built since 1983, have a structural engineer look at the foundation before you buy. If it fails, the repair is yours.
Connecticut Relationship Managers
Relationship Manager
Michael Plansky
mplansky@cvlending.com
Relationship Manager
Dylan Tomao
dylan@cvlending.com
Relationship Manager
Ethan Tyng
ethan@cvlending.com
Where We Lend in Connecticut
Hard Money Loans in Greater Hartford
About a third of the homes in Hartford and New Britain sit in buildings of two to four units, and close to half of Hartford’s were built before 1940. That’s the classic Connecticut rental: an older multi-family bought, renovated and held. Tax rates differ sharply from one town to the next here, so the town line can matter as much as the street. Our recent closings below include a New Britain flip and a West Hartford rental.
Hard Money Loans in New Haven and the Valley
More than 40% of New Haven’s homes were built before 1940, and about a third are in two-to-four-unit buildings, with Waterbury not far behind. Out from the cities, the deals turn to single-family flips in towns like Wallingford and Southbury, where tax rates run well below New Haven’s and Waterbury’s. Our recent closings below include flips in Wallingford, Southbury and Torrington.
Hard Money Loans in Fairfield County
Fairfield County holds both ends of the state. About one in three Bridgeport homes is in a two-to-four-unit building. In Stamford it’s about one in ten, and Greenwich’s tax rate is under a third of Bridgeport’s. The same rent covers a very different payment depending on the side of the county. Our two largest recent Connecticut closings were Bridgeport two-to-four-unit loans: a $500,000 flip and a $600,000 cash-out refinance.
Funded Loans in Connecticut
Location
Property Type
Purpose
Amount
Bridgeport, CT
Single Family Residential (2-4)
Cash Out Refi
$600,000
Bridgeport, CT
Single Family Residential (2-4)
Purchase
$500,000
Southbury, CT
Single Family Residential
Purchase
$330,000
Wallingford, CT
Single Family Residential
Purchase
$300,000
West Hartford, CT
Single Family Residential
Purchase
$210,000
New Britain, CT
Single Family Residential
Purchase
$210,000
Torrington, CT
Condo
Purchase
$140,000
Frequently Asked Questions
Does Conventus lend on 2-to-4-unit and small multifamily properties in Connecticut?
Yes. Two-to-four-unit buildings are the most common investor property in Hartford, New Haven, Bridgeport, Waterbury and New Britain, where about a third of homes are in buildings that size, and we finance them on both fix-and-flip and DSCR terms. Several rents on one building make it easier for the rent to cover the payment than on a single-family home at the same price.
What loan products does Conventus offer Connecticut investors?
We’re flexible based on your deal structure. Our four main categories are fix-and-flip and bridge loans for acquisition and rehab, DSCR loans for the rental hold, and ground-up construction financing. If these don’t fit your deal, reach out and we’ll put something together to get your deal financed.
Do you offer DSCR loans in Connecticut, and how do property taxes affect them?
Yes. DSCR loans qualify on the property’s rental income, not your tax returns. The rent has to cover the full monthly payment, taxes included, and Connecticut’s tax rates vary widely by town: on a $400,000 house, about $12,200 a year in Bridgeport against $3,400 in Greenwich. We size each loan to the town’s actual tax bill.
Is Conventus a hard money lender?
Conventus is a private real estate lender. Investors often use “hard money” as shorthand for fast, asset-based financing that qualifies on the deal instead of a W-2, and that is what we provide, with institutional backing, in-house underwriting, and a local Relationship Manager rather than a one-off broker.
Does a fix-and-flip loan cover the renovation budget, or just the purchase?
Both. A Conventus fix-and-flip loan finances the purchase and the rehab in one file, with the construction budget released in draws tied to completed work, so you are not carrying the renovation in cash or stacking a second lender.
Do I need a Connecticut LLC to borrow?
These are business-purpose loans, so most clients borrow through an LLC, and we can typically close in the entity that holds the deal. We do not lend on owner-occupied primary residences.
Which Connecticut markets does Conventus lend in?
Statewide. Recent closings run from Bridgeport and West Hartford to New Britain, Wallingford, Southbury and Torrington, and we finance deals across Greater Hartford, New Haven, the Naugatuck Valley and Fairfield County.
How fast can you close in Connecticut?
On investor timelines, not retail ones. As fast as 5-10 days on a clean fix-and-flip file. Speed comes from in-house underwriting and a Relationship Manager who works your file directly.
How do I get a quote or get started?
Call us at (800) 204-2705, email your Connecticut Relationship Managers, Michael Plansky at mplansky@cvlending.com, Dylan Tomao at dylan@cvlending.com or Ethan Tyng at ethan@cvlending.com, or submit your deal through the lead form and we will follow up. Bring the address, the purchase price, and the rehab scope or the rent, and we can tell you how it structures.