Fix & Flip Loan for SFR in Riverside, CT

Deal Details

Private Loan Type

Residential Fix and Flip

Approx. Funding Date

07/11/2025

Property Type

2-4 Units Residential

Property City

Riverside

Property State

Loan Term (months)

Payment Type

Interest Only

Purchase Price

$1,479,000

Loan-to-Purchase Price

86.9%

Renovation Budget

$215,000

Renovation Budget Funded

100%

After-Repair Value

$2,075,000

Loan-to-After-Repair Value

72.29%

Property Neighborhood

Riverside, CT

Location Type

Urban

Exit Strategy

Sale

Interest Rate

10.50%

Origination Points

1.5%

Deal Highlights

Location: Riverside, CT – upscale Greenwich neighborhood with strong comps

Loan Amount: $1,500,000 funded by New Silver

Use of Funds: $1,285,000 for purchase, $215,000 for renovations

Purchase Price: $1,479,000

ARV: $2,075,000 – strong post-renovation upside

Loan-to-ARV: 72%

Term & Rate: 12-month loan at 10.5% interest

Strategy: Fix-and-flip with resale planned after renovations

Deal Summary

We recently funded a $1.5 million fix-and-flip loan for a property in Riverside, Connecticut, one of the most sought-after neighborhoods in the Greenwich area. The borrower picked up the home for $1,479,000 and is planning a high-end renovation to bring the property up to premium market standards.

New Silver’s loan covered both the purchase and $215,000 in renovations, giving the investor the leverage needed to unlock the property’s full potential. With an after-repair value of $2,075,000, a 72% loan-to-ARV, and a 12-month term at 10.5% interest, the deal is well-positioned for a successful resale in an affluent, high-demand market.