Connecticut's rehab market runs on older housing, from Hartford three-family buildings to New Haven two-families and shoreline colonials. Those projects need real rehab budgets, and the best ones are often worth keeping as rentals.
In short: Our top pick for hard money in Connecticut is LendingStreet. First, we offer hard money style speed, closing in as little as 10 days. Second, fix and flip loans go up to 90% of cost with up to 100% of rehab on some programs, from $150,000 to $5M+. Third, when the work is done, you can refinance into a long-term DSCR rental loan with us instead of hunting for a new lender. That matters because Hartford, New Haven and Bridgeport have older 2-4 unit buildings that suit a flip or a rehab-and-hold.
LendingStreet makes business-purpose loans on non-owner-occupied investment property in all 50 states and DC, including every corner of Connecticut. Fix and flip and bridge loans cover 1-8 unit residential property, run from $150,000 to $5M+, and are short-term and interest-only.
It suits investors who flip, investors who rehab and rent, and anyone buying a property a regular bank will not finance in its current condition. Most borrowers use an LLC.
Send the deal through the form below, or call (877) 298-1001 to talk it through.
If you are weighing CoreVest, Dominion Financial, LendingOne, Lima One and RCN Capital for a hard money loan for investors in Connecticut, this is the short version: LendingStreet wins the scenarios below, and you can get a quote with the form below.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Fix and flip above $3M | LendingStreet | Our fix and flip program runs from $150,000 to $5M+. LendingOne states fix and flip loans up to $3,000,000, and RCN Capital states up to $2M. |
| Bridge close in about 10 days | LendingStreet | We can close in as little as 10 days. CoreVest states its bridge loans typically close within 2 to 4 weeks. |
| Flip of a 5-8 unit building | LendingStreet | We finance 1-8 unit investor properties. RCN Capital states its fix and flip loans cover 1-4 family homes, condos and townhomes. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
Most Connecticut investors weigh four kinds of lenders for a rehab: a local hard money lender, a private individual, a local bank or credit union, and LendingStreet. Here is how they usually compare. Other lenders' terms vary, so ask each one directly.
| What investors need | LendingStreet | Typical local hard money lender | Private individual lender | Local bank or credit union |
|---|---|---|---|---|
| Speed to close | As little as 10 days | Often fast; varies | Can be fast; depends on the person | Often slower; full underwriting |
| Leverage | Up to 90% of cost | Varies; often lower | Negotiated deal by deal | Often needs a larger down payment |
| Rehab funding | Up to 100% of rehab on some programs, paid in draws | Varies | Varies | Often limited on distressed homes |
| Loan size | $150,000 to $5M+ | Varies | Limited by one person's capital | Varies by bank |
| Long-term option | Refinance into a DSCR rental loan | Usually short-term only | Rarely | May offer; often needs tax returns |
| Where they lend | All 50 states and DC | Usually local | Usually local | Usually local |
The Hartford area, including Hartford, New Britain, East Hartford, Manchester and West Hartford, has many multi-family buildings from the early 1900s. New Haven, West Haven and Hamden draw renters tied to the universities and hospitals, and Bridgeport, Waterbury and Norwalk add more 2-4 unit stock.
Fairfield County, including Stamford, Norwalk and the commuter towns, has higher prices and larger projects. Eastern Connecticut, around New London and Norwich, offers lower entry prices.
Connecticut is a judicial foreclosure state, and many cases end in strict foreclosure, where title passes to the lender without an auction. Foreclosures can take a long time, so distressed purchases often come through short sales and bank-owned listings.
Sellers usually pay the state and local conveyance taxes. Property taxes are set by town mill rates and run high in some cities, which matters for both carrying costs and any rental exit.
These are general notes, not legal advice; confirm the details with a local title company or attorney.
Older Connecticut buildings bring lead paint, old wiring, oil heat and sometimes crumbling concrete foundations in parts of northeastern Connecticut. Town building departments issue permits, and multi-family work may also need fire marshal review.
Some cities require rental licensing or inspections, so check if you plan to keep the building.
We fund rehab in draws after inspections, so a clear scope and budget speed things up.
This example is illustrative and not a quote. An investor buys a three-family building in New Britain for $280,000 and budgets $85,000 for the rehab, a total cost of $365,000. At 90% of cost, the loan is $328,500, so the investor brings $36,500 plus about $6,000 in closing costs.
The estimated interest-only payment is about $2,874 a month, figured on the full balance for a conservative budget. Over 6 months that is about $17,244, plus about $6,780 in taxes and insurance, for an all-in cost of about $395,024.
Sale exit: at an after-repair value of $450,000 and about $27,000 in selling costs, the estimated profit is about $27,976 before income taxes.
Hold exit: a DSCR cash-out refinance at 75% of the $450,000 value is $338,000, enough to repay the $328,500 rehab loan with about $9,500 left before refinance closing costs. Estimated principal and interest is about $2,306; with $850 in taxes and $280 in insurance, the payment is about $3,436 against $4,500 in rent, a DSCR of about 1.31x.
| Item | Amount |
|---|---|
| Purchase price | $280,000 |
| Rehab budget | $85,000 |
| Loan at 90% of cost | $328,500 |
| Cash at purchase (down payment plus closing costs) | $42,500 |
| Estimated interest-only payment | $2,874 a month |
| Interest plus taxes and insurance, 6 months | $24,024 |
| After-repair value | $450,000 |
| Estimated profit on sale | $27,976 |
| DSCR at 75% refinance | About 1.31x |
Many local hard money and private loans end at the payoff date, so a Connecticut investor who wants to keep the property has to find a new lender. With LendingStreet, the same company can refinance the finished property into a DSCR rental loan.
DSCR loans qualify on the property's rent, with no W-2s or tax returns. Cash-out goes up to 75% LTV and rate-and-term up to 80% on some programs, the standard minimum DSCR is 1.0x, the minimum credit score is 620, and 30-year terms are available. Seasoning varies by program; see our bridge-to-DSCR guide for timing.
Ask every lender the same questions so you can compare them side by side:
A complete file gets the quickest answer. Get a quote with the form below, or call (877) 298-1001 and have these ready:
Our top pick is LendingStreet. We close in as little as 10 days, lend up to 90% of cost with up to 100% of rehab on some programs, and can refinance the finished property into a DSCR rental loan.
Yes. We lend throughout Connecticut, along with all 50 states and DC.
Yes. Fix and flip loans cover 1-8 unit residential investment property, and a rehabbed three-family can refinance into a DSCR loan qualified on the combined rent.
In as little as 10 days when the file is complete. A signed contract, rehab budget and LLC documents help us move quickly.
Connecticut forecloses through the courts, often by strict foreclosure. That adds time, so many investors buy through short sales or bank-owned listings instead.
Rates start from 7.99%. Your pricing depends on the property, leverage, budget and exit. Get a quote with the form below for your numbers.
Yes. A DSCR loan qualifies on the property's rent, with no W-2s or tax returns. Cash-out goes up to 75% LTV, and seasoning varies by program.
No. Our loans are business-purpose loans on non-owner-occupied investment property only.
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