Who are the Best Hard Money Lenders in Danbury CT?
Finding the best hard money lenders Danbury CT is very important when it comes to finding success in your investing career. Whether you’re new to real estate or have completed multiple deaals, your hard money loan can make or break your profitability. Whether you’re looking for a fix and flip loan or a BRRRR strategy, a bad hard money loan can set you back thousands of dollars. On the other hand, a favorable hard money loan can provide the financing you need to quickly secure a deal. Danbury hard money lenders can give you the buying power required to scale your business and profit.
Danbury does not have many highly rated hard money lenders directly in the city. Rates on hard money loans issued to Danbury investors average 10-11% with loan amounts averaging around $234.7k. The median loan term is around 6-12 months. The mean hard money loan includes origination fees in the 3-4% range with standard LTV averages around 70-75%.
Here’s our short list of the top 4 Best Hard Money Lenders in Danbury :
- Regina Capital
- Warsaw Capital LLC
- Hard Money Man
- Civic Financial Services
Top 4 Best Hard Money Lenders Danbury 2023
1. Regina Capital
Regina Capital doesn’t have a lot of feedback available, but they’re one of the few hard money lenders in Danbury. Regina Capital LLC is a private equity firm. They specialize in providing a variety of hard money loans. They lend directly to real estate investors, builders and dealers and specialize in short term real estate secured loans.
Here’s some more info about their loan program:
- Loan size to $300,000-$5 million
- Term: 1 to 3 years
- Lending area: CT, MA, NJ, and NY
- Amortization: Interest-only
- Interest Rates: between 10% and 15%
- Funding Fee: between 2% and 5%
- Loan to value: up to 70%
- Credit report: none required
- Closing: 15 to 30 days
2. Warshaw Capital LLC
Warshaw Capital LLC is one of the highest rated hard money lenders in all of Connecticut. They aren’t located directly in Danbury, rather nearby Stamford but they have an excellent Google profile and offer a good variety of loan options.
They have applications available on their website or you can contact them directly.
3. Hard Money Man
Hard Money Man LLC is a New Jersey based private money lender. They’re a national lender with over 20 years of experience in hard money loans, they’re one of the most experienced lenders avaailable. They’ve closed and funded over 7,500 loans totaling over 1.2 billion in transactions.
Here’s some more details:
- Rates from 8% for more experienced investors
- Funding up to 90% of Purchase Price
- 100% of Rehab up to 75% ARV
- Credit requirements: 650+ for new investors, 620+ mid for experienced
- Minimum 65k purchase price
- No Prepayment penalty
4. Civic Financial Services
Our next hard money lender is CIVIC Financial Services. CIVIC is a best-in-class real estate lender that provides fast and simple financing to real estate investors. Whether the intention is to buy a single-family home to flip, to leverage an existing portfolio of rental homes to hold long term, or to acquire multifamily real estate for cash flow, they have a focused team and set of products that empower investors to build wealth through real estate.
Here’s some more info about their loan program:
- Up to 80% LTV
- Rehab financing available up to 100%
- 5/1 Arm starting at 4.99%
- 1 year bridge starting at 6.99%
- $100K-7.5M loan amount, higher on case-by-case basis
- SFRs, condos, townhomes, and 2-100 unit properties
- Experienced borrowers & new investors welcomed
- No personal income verification
- Closings in 7-12 business days
Speed in the loan process from start to finish. Excellent rep support; Processing, UW and Closers are great to work with.
– Danny A.
Best Hard Money Loans Danbury FAQ
Who is the best hard money lender in Danbury?
Here’s our short list of the top 4 Best Hard Money Lenders in Danbury :
- Regina Capital
- Warsaw Capital LLC
- Hard Money Man
- Civic Financial Services
What do Danbury hard money lenders charge?
Hard money loan rates in Danbury range from 10 percent to 11 percent for shorter and mid range terms. Most hard money lenders also charge points or origination fees on a loan ranging from 3-4%.
Do Hard Money Lenders in Danbury require appraisals?
Many hard money lenders in Danbury will require an appraisal.
What is hard money in Danbury?
Hard money loans in Stamford are short term loans secured by real estate. These loans are used to purchase and/or rehab residential or commercial properties. They’re more expensive than traditional bank loans but can be closed faster and with less credit requirements.
