Purchase + Rehab. One Loan.
A fix and flip loan in New Haven funds purchase and renovation in one short-term, asset-based loan — hard money, underwritten on the deal and the after-repair value rather than your income. The New Haven specifics: Two- and three-family conversions and rehabs in Fair Haven, the Hill and Waterbury are the volume. Leverage, rehab caps and experience rules vary more between lenders than any other criterion, which is why LendingStreet places the file across thirty capital sources instead of one.
Check My New Haven Purchase & Rehab Options →The stock is dense two- and three-family houses across New Haven and the Valley towns, a large student rental base near Yale, and post-war single-family in the suburbs. Two- and three-family conversions and rehabs in Fair Haven, the Hill and Waterbury are the volume. Lead paint, oil-to-gas conversion and knob-and-tube are standard scope.
Connecticut is judicial and slow to foreclose. New Haven and Waterbury multifamily — the classic two- and three-family — is the dominant investor product and carries a large per-unit tax load. Waterbury and Naugatuck price materially below New Haven for similar stock.
Standard ranges across our capital sources: $150,000 to $5M+, up to 95% of total project cost, up to 100% of the rehab budget in draws, 6 to 18 months interest-only, 5 to 10 business days to close with 5-day expedited for experienced investors. Full detail and the current rate floor are on the fix and flip loan page. First-time flippers generally see lower leverage.
The New Haven–Waterbury metro — New Haven plus Waterbury, Naugatuck, Hamden, West Haven, Meriden and Milford — and the rest of Connecticut via the Connecticut fix and flip page. The active rehab corridors in New Haven include East Rock, Westville, Wooster Square, Fair Haven, the Hill.
Size the loan and the cash to close in the ARV calculator, add the carry in the carrying costs calculator, and build the budget in the rehab cost estimator.
Also see: Stamford, CT →New York, NY →
The gap between the loan and total project cost, plus points, third-party costs and the rehab you carry between draws. The ARV calculator returns it for your numbers.
Yes, through sources that write them — lower leverage, licensed GC attached.
5 to 10 business days on a complete file; 5-day expedited for experienced investors. A BPO in lieu of appraisal is available on bridge structures.
Yes — fix-to-rent. Separate underwrite on rent and appraised value. Run it before you buy.
No credit pull. No commitment. Speak with a licensed financing firm with direct access to 30+ capital sources.
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By clicking, you provide express written consent to be contacted by LendingStreet (NMLS #1734316) via SMS, phone, or email, possibly using automated technology, regarding your loan inquiry. Reply STOP to opt out. Consent is not required to obtain services. See our Privacy Policy and Terms.