Who are the Best Hard Money Lenders in Stamford CT?

Finding the best hard money lenders Stamford CT is critical to your investing success. Whether you’re new to real estate or seasoned investor, your hard money loan can eat up a ton of profit margin. 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 good hard money loan can provide the financing you need in less time than any other source of financing. Stamford hard money lenders can give you the buying power required to scale your business and profit.

Stamford has a decent amount of local private money lenders available to loan throughout the area. Rates on hard money loans issued to Stamford investors average 10-12% with loan amounts averaging around $367.5k. The median loan term is around 6-12 months. The mean hard money loan includes origination fees in the 2-3% range with standard LTV averages around 70-75%.

Here’s our short list of the top 6 Best Hard Money Lenders in Stamford :

  1. Warsaw Capital LLC
  2. Knighthead Funding LL
  3. New Silver
  4. Capital Three Sixty
  5. Constitution Lending
  6. Nationwide Capital

Top 6 Best Hard Money Lenders Stamford 2021

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1. Warshaw Capital LLC

Warshaw Capital LLC is one of the highest rated hard money lenders in Stamford. 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. 

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2. Knighthead Funding  LLC

Knighthead Funding is our next Stamford private money lender. They have more than 50 years of combined experience sourcing, originating and servicing in excess of $2.4 billion of real estate debt. They specialize in bridge loans and other alternative debt financing.

They don’t charge prepayment penalties and can close in as little as 2 weeks!

Here’s some more info about their loan program:

  • LOAN AMOUNTS: Up to $100mm (larger amounts available case-by-case)
  • LOAN TYPES: 1st Mortgages, 2nd Mortgages, Blanket Mortgages, A & B Pieces, Note on note and Mezzanine
  • GEOGRAPHY: Nationwide (subject to certain states with licensing restrictions)
  • PROPERTY TYPES: Most commercial and residential investment property types
  • LOAN TO VALUE: Up to 75% of stabilized value
  • DURATION: Bridge, 3 year & 5 year terms available
  • RATES: Starting at L + 450, fixed rates available
  • FEES: Starting at 1%
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3. New Silver

New Silver Lending is nearby based in Hartford CT. Their hard money loans are designed for fix and flip investors that need quick access to capital at competitive interest rates. The entire application process can be completed online, in less than 10 minutes.

Here’s more about their fix and flip program:

  • Credit score 600+
  • Interest rate 7.625-11.5%
  • Up to 90% LTC
  • No income verification
  • Get approved online in 10 minutes
  • Instant proof of funds letter
  • Interest only payments
  • Up to 100% construction financing
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4. Capital Three Sixty

Capital Three Sixty is a hard money lender located nearby in Avon CT.  They don’t have many reviews  but the ones they do have are excellent. They offer a variety of hard money loans for investors. In fact, they even offer different loan options based on LTV, which is pretty unique. They lend in all states except in rural areas and NV, SD, ND, MN, OR, VT.

Here are some of their fix and flip loan terms based on 80% LTV:

  • Loan Amounts: $75,000 to $2,000,000
  • Loan to Value: Up to 90% of the Purchase Price
  • Interest rates: Depends on borrower profile
  • Loan Term: 12 months
  • Payments: Interest only monthly, no interest reserve required
  • Lien Position: First Only
  • Prepay: none
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5. Constitution Lending

Our next option for hard money loans in Stamford is Constitution Lending. They have a solid Google profile and simple, efficient loan process. 

Here are some of their loan terms:

  • Loan Amount: $50,000 – $5,000,000
  • Term Length: 6 – 60 months
  • Max LTV: Up to 80%
  • Amortization: Interest Only & Balloon Only plans available
  • Interest Rate: As Low as 7.95%, situation and equity cushion dependent
  • Closing Time: 5 – 14 Days
  • Fees: No upfront fees!
  • Property Type Single Family, Multi Family, Real Estate, Portfolios
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6. Nationwide Lending

Our final hard money lender is Nationwide Capital. they’re an independent licensed commercial mortgage broker and direct lender. They’re a nationwide lender, but they are based right in Stamdford. Whether you require conventional commercial financing or hard money lending, they are not limited to any one lending institution and have the ability to lend directly in favorable conditions.

They aren’t the cheapest lender on our list but they’re a reliable option.

Here are some of their loan terms:

  • Term: 1 – 3 Years

  • Loan Size: $250,000 to $10 Million

  • Interest Rates Between 12% and 18%

  • Interest Only payments with no prepayment penalty after 3 – 6 months

  • Loan to Value Up to 65%

  • Origination points: Between 4% and 6% taken at closing from loan proceeds

  • Closing Terms Closings within 2 weeks

Best Hard Money Loans Stamford FAQ

Who is the best hard money lender in Stamford?

Here’s our short list of the top 6 Best Hard Money Lenders in Stamford :

  1. Warsaw Capital LLC
  2. Knighthead Funding LL
  3. New Silver
  4. Capital Three Sixty
  5. Constitution Lending
  6. Nationwide Capital
What do Stamford hard money lenders charge?

Hard money loan rates in Stamford range from 10 percent to 12 percent for shorter and mid range terms. Most hard money lenders also charge points or origination fees on a loan ranging from 2-3%.

Do Hard Money Lenders in Stamford require appraisals?

Many hard money lenders in Stamford will require an appraisal.

What is hard money in Stamford?

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.

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