HARD MONEY LENDING CONNECTICUT
HARD MONEY LENDING CONNECTICUT
Connecticut is the 3rd smallest state in the United States by area, the 29th most populous, and 4th most densely populated state. The largest industries in Connecticut are finance, insurance, and manufacturing which have been a driving factor for employment and responsible for its growing population. The close proximity to New York City and the easily accessible transportation make it very desirable to live and a great location to invest in real estate.
For Connecticut in 2016, the home flipping rate (% of total sales) was 2.5%. The average flipping gross profit was $92,100. The average gross return on investment (ROI) was 74.9%. Connecticut has one of the higher foreclosure rates in the U.S contributing to greater investment opportunities. As of 2017, about 1 in 1,286 housing units have been foreclosed on, which contributes to greater flipping opportunities.
Alpha Funding Capital has been lending to real estate investors in all 8 counties of Connecticut for over 10 years. Our team is well versed and experienced in Connecticut’s real estate market and is ready to help put together a custom tailored lending solution for your next project.
Hard Money Lending Highlights
- Fix & Flip, New Construction, Rental & Commercial Bridge loans available.
- ≤70% Loan to Value based off of the After Repair Value
- No Limitations on Rehab Budget in Relation to Purchase
- Minimum FICO 650
- 12 Month Term
- Loan Must Close in LLC or Corporate Entity
- Quick Closings
- Rates from 7.49% to 10.99% – Interest Only
- Origination Fee 2-3 Points
- All Asset Classes Considered
- Loan Amounts Up To $100,000 – $3,000,000