Great Lakes Private Lending for Connecticut investors
Great Lakes Private Lending is a smaller regional private money operator with Chicago and Wisconsin coverage.
Connecticut context
Connecticut property tax burden is among highest in nation. DSCR tight outside Hartford and New Haven multi-unit submarkets.
How Great Lakes Private Lending positions in Connecticut
Within Connecticut, Great Lakes Private Lending competes alongside other DSCR lenders. Great Lakes Private Lending strengths: regional Midwest focus, investor-friendly underwriting. The low aggregate DSCR economics of Connecticut create demand for Great Lakes Private Lending programs in Hartford and Bridgeport particularly.
City-level coverage in Connecticut
Great Lakes Private Lending provides DSCR coverage across Connecticut metros including Hartford, Bridgeport, and New Haven. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Great Lakes Private Lending program terms apply uniformly across Connecticut metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | Private money |
|---|---|
| Products | fix-and-flip, bridge, rental, private notes |
| Loan size | $50K - $2.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 70% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 5-10 days typical |
| Connecticut property tax | 2% |
| Connecticut state income tax | 7% |
Great Lakes Private Lending strengths in Connecticut
- regional Midwest focus
- investor-friendly underwriting
Ideal borrower: Chicago or Wisconsin investor
FAQ
Likely; verify direct Connecticut coverage. Great Lakes Private Lending is based in Chicago, IL and operates in Chicago and Wisconsin.
Hartford is the top investor market in Connecticut and is generally within Great Lakes Private Lending Chicago and Wisconsin footprint. Hartford property tax follows the Connecticut state rate of 2 percent. Great Lakes Private Lending typically underwrites Hartford acquisitions at standard rate sheets.
Yes. Bridgeport ranks among the larger Connecticut investor metros and sees consistent DSCR loan volume from Great Lakes Private Lending. Submarket variation within Bridgeport matters for property selection.
Great Lakes Private Lending applies the same rate sheet across Connecticut metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Hartford, Bridgeport, and New Haven all qualify for the same Great Lakes Private Lending program.
Great Lakes Private Lending indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
Connecticut property tax burden is among highest in nation. DSCR tight outside Hartford and New Haven multi-unit submarkets. Great Lakes Private Lending follows standard business-purpose loan structures.
Great Lakes Private Lending funds fix-and-flip, bridge, rental, private notes in Connecticut.
Connecticut allows standard DSCR prepay structures; Great Lakes Private Lending typically uses 3-5 year step down.
Great Lakes Private Lending typical close: 5-10 days typical.
Bottom line
Great Lakes Private Lending in Connecticut works for the right borrower-deal combination. Match the lender to your deal characteristics.
Independent directory listing. DSCR Loan Program is not affiliated with Great Lakes Private Lending.