Connecticut Bridge Lenders for Residential Properties
Are you seeking a bridge loan secured by residential property in Connecticut? On this page you'll find a list of select bridge lenders for Connecticut investment properties with 1 to 4 units. To get a 1st lien bridge loan, you must have at least 30% equity. Due to state laws and regulations, it's not possible to get a bridge loan for a homestead (owner-occupied primary residence) or 2nd home. Change the loan type to 'Residential Owner-Occupied' to find some alternative lending options.Searching...
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RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
Cardinal Capital Group
New England Direct Private Money Lender
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Pimlico Capital
Direct Lender for Real Estate Investors | Established in 2016
Stormfield Capital, LLC
Direct Balance-Sheet Lender for Investment Properties
Conventus
We Fund Fast While Providing Excellent Service and Competitive Pricing
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
LendingOne
Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors
Tower Fund Capital
Direct Lender for Purchase & Refinance Bridge Loans
Yieldi LLC
Direct Lender for Investment Properties - Bridge, Rehab, Construction
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
Nationwide Mortgage
Outstanding Service for Investment Property Bridge, Rehab, Rental, and Construction Loans
Gelt Financial, LLC
Creative Private Financing for Commercial Real Estate since 1989
Raymond C. Green Companies
Proudly Serving New England Developers and Investors for Over 50 Years
Connecticut Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Connecticut bridge loans in the 1st quarter of 2024 was 11.59%. The average loan amount was $415,084. These stats are the average of 36 short-term loans (including rehab and ground-up construction loans) funded for properties in Connecticut between January 1, 2024 and March 31, 2024 by multiple bridge lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
According to private lending data provider, Analytics Logics, the average interest rate for bridge loans secured by residential investment properties in Connecticut in the 1st quarter of 2024 was 11.07%. Lenders charged an average of 2.0% points (origination fee). The average LTV (loan-to-value) for bridge loans in Connecticut was 65%, and the average loan amount was $260,830. These stats are the average of all the loans which were funded between January 1, 2024 and March 31, 2024 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 Connecticut Bridge Loan Lenders
According to Forecasa™, here are the Top 10 Bridge Lenders ranked by the number of bridge loans originated in Connecticut in the last 12 months from March 2024.
- RCN Capital LLC
- ROC Capital
- Pinnacle Financial Services LLC
- Kiavi
- Firstloans Inc
- Equity Based Capital LLC
- Warshaw Capital LLC
- Broadview Funding
- Constructive Loans LLC
- Velocity Commercial Capital
Forecasa™ provides analytics data for Connecticut bridge loans on a quarterly basis. You’ll find their top lenders data for many other states on our platform.
Funded Residential Bridge Loans in Connecticut
Purchase Bridge Loan for SFR with ADU in Southport, Connecticut
$2,550,000
Stormfield Capital, a technology-enabled direct portfolio lender, funded a $2,550,000 senior lien position acquisition bridge loan secured by a residential investment property in Southport, CT. We funded 65% of the $3,900,000 purchase price, while the Borrower contributed 35% cash at closing. The Sponsor sought a short-term bridge loan after their relationship bank paused lending in the midst of the 2023 banking tumult. The subject property was in excellent condition and vacant at closing. It is a single-family residence with an accessory dwelling unit (ADU) and was approximately 65,000 square feet. The Borrower had excellent credit. They plan to lease the property upon completion of a rehab and eventually refinance as an exit strategy. We charged a 1% origination point and the broker earned a $25,550 commission. The loan term was set at 12 months. This residential investment bridge loan was funded in April 2023.