Connecticut’s Experienced Investors Deserve the Best Hard Money Lender for Construction

Investing in new construction is a dynamic opportunity that requires a lot of experience and planning. It also calls for specialized funding that meets the demands of your project – on time, every time. From Fairfield County down to Windham County, Asset Based Lending has provided CT construction loans for over a decade. We offer hard money new construction loans for residential investment properties in Connecticut, working with you to create the smoothest funding process – from closing through draw management – so you can access your money right when you need it.

We understand how complicated these projects can be, so our team of experts work hard to make your new construction loan process fast and simple- approval as fast as 24 hours and funding in 10 days or less. Contact us today to match your next construction project with the most reliable and flexible construction loans in CT.

  • Local Connecticut team
  • Home of the Zero-Point Loan
  • Close in 2 weeks or less
  • Build To Sell or Build To Hold
  • UP to 90% LTC
  • 100% construction financing
  • Rates as low as 9.99%
  • Direct balance sheet lender

Close in 10 Days or Less
Rates Start as Low as 9.99%

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New Construction Needed in Connectitcut
Why Use Hard Money Loans for Construction?
The New Construction Loans CT Investors Trust

New Construction Needed in Connectitcut

With the housing supply remaining low in a high demand market, this seller’s market is the perfect time for your next construction project. While some real estate investors prefer to fix and flip houses, new residential construction is the only way to increase the existing supply to match the growing demand, making it an excellent investment opportunity. According to Mashvisor, the median price for home sales in the area grew over 5% in June 2020 while supply continues to dwindle from 2019.

The desire for suburban living is reaching an all-time high, but people still want to live near major metropolitan areas and travel hubs. Asset Based Lending is dedicated to helping serious real estate investors meet this housing demand with accessible new construction loans in Connecticut. Borrowing from ABL means you’re borrowing from a reputable construction loan lender with flexible draw schedules and dedicated experts, letting you focus on the project at hand. If you have the right property and the right plan of action, our team is ready to show you why we have the most reliable construction loans.

Why Use Hard Money Loans for Construction?

As a builder, you have several options for funding for your projects. Not all new construction lenders and loan programs are equal, so it is important to find the best option for you. Hard money loans are a form of short-term funding designed to provide the money you need to quickly purchase the land, build the property, and sell the home or roll into a long-term loan.

CT hard money lenders rely more on an evaluation of your project and real estate experience, instead of traditional underwriting criteria. This flexible criterion allows for faster approval and a smooth lending process that better fits the new construction business model. Investors and contractors should be able to prove that they have the appropriate experience for the deal and enough liquidity to carry out the project according to plan. This distinguishes new construction loans from conventional loans, for which you need to spend more time proving your personal creditworthiness.

When you apply for a hard money loan for new construction in Connecticut, the process is structured significantly differently. Although you still must establish a few parameters such as the value of the land and your ability to make a down payment, the rest of the approval process is much quicker. Many investors find hard money loans to be more efficient than other new construction lending options, allowing them to catch a great deal in the nick of time. Asset Based Lending is proud to be one of the premier hard money lenders for new construction.

The New Construction Loans CT Investors Trust

Experienced investors partner with Asset Based Lending — a lender that understands your project and provides you with the flexibility and reliability your business demands. Our loan officers and underwriters are experts in the local markets, so you can count on them to truly understand your deal scenario. Investors come back to us each time they need a new construction loan because of our ability to move quickly and efficiently. We can approve construction loans within 24 hours and close in 10 days or less.

In addition to our quick processing capabilities, our hard money loans for new construction in Connecticut feature the following benefits:

  • Loan sizes ranging from $100K to $10M
  • Competitive interest rates starting at 9.99%
  • 100% construction financing
  • Loan terms averaging 12-18 month terms
  • No pre-payment penalty
  • Professional draw management

The right kind of loan may be the difference between a successful project and a stressful one. If you’re ready to move forward with your project or want to learn more about the best new construction loans, contact Asset Based Lending today.

Explore How We Work in Connecticut

Our Promise to You

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Fast Processing

Get preapproved within 24 hours and close in as few as 3 days. We understand you need to move fast, and by working with a direct lender like us who requires minimal paperwork, you can.

Zero Points Required

Get preapproved within 24 hours and close in as few as 3 days. We understand you need to move fast, and by working with a direct lender like us who requires minimal paperwork, you can.

Local Expert Support

Get preapproved within 24 hours and close in as few as 3 days. We understand you need to move fast, and by working with a direct lender like us who requires minimal paperwork, you can.

Proven Reliability

Get preapproved within 24 hours and close in as few as 3 days. We understand you need to move fast, and by working with a direct lender like us who requires minimal paperwork, you can.

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Real Reviews from Real Borrowers

 

Great experience! They always answered or returned my calls immediately and walked me through the entire process and made sure all my questions were answered. I had a couple of questions weeks after my loan closed and they still responded immediately and made sure i was taken care of. Great experience and I would highly recommend ABL.

Cindy G.

I am glad I got to know Asset Based Lending, they made funding for my construction site very simple. They have a great team of people, that would go out of their way to help. Boris has been great and very helpful, I highly recommend them for all your Construction financing needs.

Mike A.

I have had the pleasure of working with Boris Akbashev for my real estate financing needs on my last 10-15 projects, and I cannot speak highly enough of his professionalism and expertise. Boris demonstrated a deep understanding of the lending process and went above and beyond to ensure I secured the best possible terms.

John S.

Truly a pleasure having ABL on every deal! Thanks to their lending experise and timely support and guidance throughout the process to get the best loan for my deals. I can see my company growth from 1-2 flips to numerous flips, new construction, and DSCR loan to grow my portfolio.

Pedro E.

Asset Based Lending is the place to shop for all your construction needs. Their easy funding policy, makes life so much simpler for any builder to focus on building and not be worried about financing project. Boris was supper helpful to accommodate me with all me financing needs.

Ray P.