In Stamford, $1 million is the starting price for many two- and three-family houses and a modest figure for a waterfront home in Shippan. Large bridge loans here cover real single-property purchases, not just packages.
In short: LendingStreet provides residential investor bridge loans in the Stamford area from $1M to $5M+, within a program range of $150,000 to $5M+, with rates from 7.99% and closings in as little as 10 days. Loans are short-term and interest-only on 1 to 8 unit properties, and larger balances usually need a full valuation. Borrowers typically exit by selling or by refinancing into a jumbo DSCR, DSCR or blanket loan.
Stamford's high values mean large bridge requests come in several shapes. Single high-value homes in Shippan, North Stamford, Westover and nearby Greenwich, Darien and New Canaan are bought to renovate and sell or to lease to executives. Packages of two- and three-families on the West Side, East Side and Cove change hands from long-time owners. And investors pay off maturing loans on portfolios they have held for decades.
Luxury homes are honest underwriting challenges for a long-term rental exit: executive rents rarely cover a full-leverage payment on a $3M house once Fairfield County taxes and insurance are added. Most of those deals exit by sale, while multi-family packages are the ones that refinance well into long-term debt.
Proximity to Greenwich, Darien and New Canaan also shapes demand. Buyers who cannot find what they want in those towns look at Stamford's North Stamford and Shippan neighborhoods, which supports resale values for well-renovated homes but also means renovation budgets have to meet a high standard.
Bridge financing fits when timing or condition keeps a property from qualifying for permanent debt today.
This example is illustrative and not a quote. An investor buys five buildings, three three-families and two two-families with 13 total units, for $3,250,000, with $350,000 of planned renovation. Total cost is $3,600,000. Leverage varies by program; at 70% of cost the bridge is $2,520,000, with an estimated interest-only payment of about $22,050 a month.
After renovation, the package is valued at $4,100,000 and the 13 units rent for about $2,650 each, or $34,450 a month. A blanket DSCR refinance at 65% of value is $2,665,000, enough to retire the bridge. Estimated principal and interest is about $18,180, taxes about $5,900 and insurance about $2,000, for a total of about $26,080 and portfolio DSCR of about 1.32x.
| Stage | Amount |
|---|---|
| Purchase, five buildings | $3,250,000 |
| Renovation budget | $350,000 |
| Bridge at 70% of cost | $2,520,000 |
| Estimated monthly interest-only payment | $22,050 |
| Value after renovation | $4,100,000 |
| Blanket refinance at 65% | $2,665,000 |
| Monthly rent, 13 units | $34,450 |
| Refinance payment with taxes and insurance | $26,080 |
| Portfolio DSCR | About 1.32x |
Larger balances usually need a full valuation, and multi-property packages often need one per property. Stamford waterfront and estate homes can have few close comparables, so expect appraisers to look across Stamford, Greenwich and Darien. Provide renovation plans, permits and recent comparable sales you are relying on.
For multi-families, confirm legal unit counts with the city. Appraisers value the legal use, and an unpermitted attic apartment will not add value.
On renovate-and-sell projects, the valuation may include both the current as-is value and an after-repair value. Support the after-repair figure with recent sales of comparable finished homes, not with listing prices.
Shippan, the Cove and the South End include properties in FEMA flood zones, and some waterfront homes need elevation or flood-proofing work as part of a major renovation. Coastal permits can add time. Price flood insurance at both the bridge and the exit stage, and build permitting time into the bridge term.
Insurance on high-value coastal homes is often written by specialty carriers. Start quotes early, since a property that cannot be insured at a workable cost cannot close.
Connecticut's real estate conveyance tax, with a state portion and a municipal portion, is customarily paid by the seller and rises in tiers on higher-value residential sales. On a renovate-and-sell plan, that tax comes out of your sale proceeds, so include it in the projected profit. Buyers pay title insurance, attorney fees and recording costs.
Property taxes use a 70% assessment ratio and the town's mill rate. A major renovation can lead to a higher assessment, which matters if you plan to hold and refinance.
Single high-value homes usually exit by sale. When an investor plans to hold a luxury property, a jumbo DSCR loan is the long-term option, though maximum leverage on large balances varies by program and the rent must still clear the ratio. Multi-family packages usually refinance into a blanket portfolio loan or individual DSCR loans.
Size the bridge so the realistic exit, whether sale proceeds or a refinance at conservative leverage, retires it with room to spare.
On a sale exit, account for the conveyance tax, real estate commissions, carrying costs during the listing period and seasonality: Fairfield County's luxury market is typically most active in spring. A bridge term that ends in December leaves less room than one that runs through the following spring.
A complete package helps us move quickly.
Our investor loans are business-purpose loans on non-owner-occupied property. Send your deal through the form below or call (877) 298-1001, and we will review the bridge and exit together. The Connecticut large bridge page covers the rest of the state.
Yes, if it is a non-owner-occupied 1-8 unit investment property. Balances of that size are reviewed case by case and usually need a full valuation.
Bridge rates start from 7.99%. Pricing depends on leverage, property type, experience and the exit plan.
It can if the rent clears the ratio at the new payment. In Stamford, many luxury homes do not cash flow at high leverage, so sale is the more common exit.
Bridge loans can close in as little as 10 days. Larger and multi-property files usually take longer because of valuation and title work.
It is customarily paid by the seller. On a renovate-and-sell plan, you will pay it when you sell.
On some programs, yes, released in stages after inspections.
No. This program covers 1-8 unit residential property. Larger buildings go through our commercial and multifamily programs.
No. Our investor loans are business-purpose loans on non-owner-occupied property.
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