Private lender · Monroe, CT
Hard money and private money loans in Connecticut
We lend our own money. Your deal is priced and funded by the same team, so there's no broker shopping it and no capital partner to wait on.
Purchase and rehab financing for Connecticut investors, sized on the after-repair value and funded in as few as 10 business days after approval. Whether it's your first flip or your fiftieth.
90 bridge loans funded from our own fund since 2024 · $38.9M total · Family-Owned Since 1998
$38.9M
Funded from our own fund since 2024
90
Bridge loans closed from that fund
10 business days
Funding after approval, at the soonest
4.9
Average on 450+ Google reviews
At a glance
Asset-based, fast, from our own capital
Up to 80% of purchase
Plus 100% of the renovation budget.
Capped at 65% ARV
Sized on the after-repair value, not your income.
10 business days
Funded in as few as 10 business days after approval.
6 to 18 months
Interest-only payments keep carrying costs low.
Rehab in draws
Funded as each phase completes, so the work keeps moving.
Business purpose only
Investment properties. Repeat investors earn better terms.
Hard money, plainly
Fix-and-flip, bridge, same team
"Hard money" is a short-term loan underwritten on the property, the rehab budget and the after-repair value, funded by a private lender instead of a bank.
With a renovation, we call it a fix-and-flip loan: purchase plus rehab, interest-only, sized on ARV. With no rehab, when you just need to close before a sale, refinance or auction deadline, it's a bridge loan. Keeping the finished property as a rental? Refinance into a DSCR loan.
Get a term sheet
Send us four things
No full application needed to start.
How it works
Buy, renovate, exit
01
Send the deal
Purchase price, rehab budget and target ARV.
02
Get real terms
A term sheet from the team that funds it.
03
Close and renovate
Rehab funds release in draws as each phase completes.
04
Sell or refinance
Take your profit, or hold it and move into a DSCR loan.
Local
Funding Connecticut projects every month
Bridgeport, New Haven, Hartford, Stamford, Waterbury and the towns between. We fund projects in all eight Connecticut counties from our office in Monroe.
On the books
George Washington's 1774 sheep farm in Watertown. We're funding the renovation of the 250-year-old property.
FAQ
Hard money questions
Is a fix-and-flip loan the same as hard money?
Yes. Hard money is the industry name for a short-term loan underwritten on the property and funded by a private lender. With a renovation it's a fix-and-flip loan; without one it's a bridge loan.
How fast can a Connecticut hard money loan fund?
A complete file can fund in as few as 10 business days after approval, because we lend our own capital and decide in-house.
How much will you lend?
Up to 80% of the purchase price and 100% of the renovation budget, capped at 65% of the after-repair value.
Do you check my income?
Qualification is based mainly on the deal: purchase price, rehab budget and ARV. Most approvals have guarantor credit of 620 or better.
Do you lend to first-time flippers?
Yes, with a solid plan, a line-item budget and a reliable contractor. Experienced investors with a track record earn better terms.
How long is the loan term?
Typically 6 to 18 months, with interest-only payments during the term.
Can I refinance into a long-term loan when I'm done?
Yes. If you keep the property as a rental, refinance into a DSCR loan based on the rent and use the cash for the next deal.
Have a deal under contract? Get real terms.
Private Money Loan Disclosures: AFC Mortgage Group, LLC
AFC Mortgage Group, LLC offers short-term private money, fix & flip, and renovation loans secured by a recorded lien on the investment property. These are business-purpose real-estate loans made to business entities, not consumer loans, and never secured by a borrower's primary residence. No prepayment penalty and no minimum interest: pay the loan off early and you only pay interest for the time you used the money.
Representative Example. A $250,000 loan with a 12-month term at 12% annual interest, paid monthly ($2,500/month interest-only): 2 origination points ($5,000) plus approximately $3,000 in attorney, processing, and wire fees are charged at closing, with the $250,000 principal due at maturity. Held the full 12 months, total interest is $30,000 and total cost of credit is approximately $38,000, an Annual Percentage Rate (APR) of approximately 15.5%. Paid off at 6 months, interest is roughly $15,000 and total cost of credit roughly $23,000. Actual cost depends on how long the loan is outstanding.
Terms at a Glance. Interest: 10–12% annual, interest-only, paid monthly. Origination: 2 points. Term: 6 to 18 months. Loan amount: up to 80% of purchase plus 100% of renovation budget, capped at 65% of after-repair value and subject to underwriting. Other fees: ~$3,000 (attorney, processing, wire). Prepayment: no penalty, no minimum interest. Collateral: recorded lien on the investment property; failure to repay may result in loss of the property through foreclosure.
AFC Mortgage Group, LLC, NMLS #2801, Equal Housing Opportunity. Loans are offered by AFC Mortgage Group, LLC and funded through AFC Credit Partners, AFC's lending fund. Rates, terms, and fees are representative examples only and vary by loan size, LTV, credit, experience, and market conditions. Not a commitment to lend; all loans subject to credit and collateral approval.