Why Connecticut is Good For Real Estate Investors

The Connecticut real estate market is in high demand post the COVID-19 pandemic. There are several reasons why CT is a highly desirable area, including proximity to other large cities while still having a suburban feel. In this article, you’ll learn why CT is an ideal location for real estate investors and how a hard money loan can help.

Proximity to New York City

Connecticut’s proximity to New York City has made it a direct beneficiary of people leaving the area during the COVID-19 pandemic. And because CT is known for its suburban feel, it’s become a very attractive alternative to bigger cities in general. Additionally, as the New York and New Jersey suburban markets priced out many end buyers, better deals became available in Connecticut.

More Square Foot Per Dollar

Compared to the neighboring areas of NYC, NY, and NJ, real estate in CT gives individuals more square footage for a lower price. In a world now where many Americans are still working remotely from home, extra space is needed and important for maintaining a high quality of life.

Opportunities for Fix and Flip Investments

After years of a depressed real estate market, there are numerous opportunities in CT to fix and flip investment properties. Additionally, there are stronger margins on fix and flip opportunities than other nearby areas, resulting in investors potentially making a higher percentage return.

Higher Cap Rates

The cap rates in CT are higher than in other nearby states, making it a more attractive return to hold real estate in CT.

High-Quality Schools

CT is known for having high-performing schools throughout areas of the state. This makes it an even more desirable location for families and contributes to the growing real estate market.

How Hard Money Loans Can Help

This rising demand in Connecticut over the past year has created a situation where proof of cash is needed to win offers, however many individuals do not have accessibility to the amount of cash needed. This is where hard money lenders can help by partnering with you and lending you the cash you need. Using a hard money lender can significantly improve your returns on your project.

The benefits of hard money loans include:

  • Minimal requirements for approval
  • Provide funding that most banks cannot offer
  • Approved and processed quickly
  • Offer a flexible and transparent funding process

Get Your Hard Money Loan in CT with West Forest Capital

There’s never been a better time to apply for a hard money loan in Connecticut. West Forest Capital provides funds to real estate investors and others looking to finance non-owner-occupied real estate. We fund property types which include:

  • Apartments
  • Single-family
  • Multi-family
  • Commercial
  • Industrial
  • Land

We provide rehab funds, or full construction costs, as needed. We also provide fast closings, almost always less than 10 days, and often as quick as 3 to 5 days. We’ve even previously closed a brand new loan in one day! In addition to lending in Connecticut, we also lend in New Jersey, New York, Massachusetts, Pennsylvania, and Florida.

Please contact me

Please contact me

To get started with your hard money loan,
please call us at 212-537-5833 or text us at 917-267-9523.

Hard Money Loans: FAQs

Hard money loans are short-term loans that are used to acquire investment properties to rehab and then flip for resale or rent. These loans are used by real estate investors and others who are looking to finance non-owner occupied real estate.

Yes, we can often pre-approve you on the same day as when you apply. For a pre-approval letter, please call us at 212-537-5833 or text us at 917-267-9523.

Yes, we do fund rehab costs through a hard money loan. In fact, we can fund 100% of your rehab costs. To do so, you will need to complete a portion of the project. We then send an inspector to review it, and we distribute the funds for the completed work. The entire process takes 2 to 3 days.

Yes, we provide extensions up to 6 months or longer on a case-by-case basis. We understand the timeframe complexities when rehabbing or building a new project – we will work with you.