Commercial Real Estate Financing in Connecticut

Commercial Loan Direct (CLD) provides commercial real estate loans in the state of Connecticut. Current commercial loan rates in Connecticut range from 4.8% to 12.75%, depending on the loan program. CLD is a national commercial mortgage banker offering aggressively priced programs and superb service. CLD originates loans for its parent company CLD Financial which provides a wide variety of lending vehicles. Our company is currently targeting owner occupied and investment properties over $1 Million in the state of CT.

Connecticut Commercial Loan Rates

Loan Types Rates LTV Loan Amount Occupancy
Conventional 4.8% - 8.75% 80% $1,000,000+ Investment + Owner Occupied
Conduit / CMBS 5.7% - 7.66% 75% $2,000,000+ Investment
Insurance 5.1% - 8.48% 75% $5,000,000+ Investment + Owner Occupied
FHA / HUD 4.74% - 6.09% 83.3% $5,000,000+ Investment
USDA 5.25% - 9.6% 85% $1,000,000+ Investment + Owner Occupied
Bridge 5.75% - 12.75% 80% $1,500,000+ Investment
Construction 5.5% - 8.75% 83.3% $1,000,000+ Investment
SBA 5.25% - 8.75% 85% - 90% $1,000,000+ Owner Occupied

Note: The commercial mortgage rates displayed in this website should be used as a guideline and do not represent a commitment to lend. Commercial Loan Direct and CLD Financial, LLC are not liable for any commercial mortgage interest rate or data entry errors that might affect the displayed commercial loan rates. Commercial loan rates may change at any time and without notice.

Types of Commercial Loans in Connecticut

Investment Property Mortgages

The types of mortgages available for these types of properties are Conventional, CMBS / Conduit, Insurance, and Agency (FHA / HUD and USDA) products. Bridge and/or Construction mortgages are also available on a case-by-case basis in order to reposition, stabilize or construct buildings. Commercial real estate investment properties can include office, retail, industrial/warehouse, self-storage, healthcare (medical office, skilled nursing facility, memory care, hospitals), hospitality, (hotel, motel, resort), and mixed use.

Owner Occupied Commercial Mortgages

Owner-Occupied commercial real estate properties in which the owner occupies at least 50% of the premises and can include office, retail, industrial/warehouse, self-storage, healthcare (medical office, skilled nursing facility, memory care, hospital), hospitality (hotel, motel, resort), mixed use, or any other type of commercial property. The types of mortgages available for owner-occupied buildings include Conventional, Insurance, and Agency programs including FHA / HUD, SBA, and USDA. Construction mortgages are also available on a case-by-case basis in order to develop or reposition a property for the owner's use.

Commercial loan landscape in Connecticut (high-level snapshot)

Connecticut’s commercial lending market is capital-available but cautious. Lenders are active across banks, credit unions, and institutional sources, but underwriting is conservative due to slow population growth, high operating costs, and regulatory complexity. Deals that succeed tend to emphasize stability, strong sponsorship, and defensible cash flow rather than aggressive growth assumptions.

What lenders are most comfortable financing

Owner-occupied properties are among the most lender-friendly transactions, especially when backed by established professional, medical, or service businesses with consistent historical cash flow.

Stabilized multifamily underwrites relatively well, particularly workforce and mid-market housing with long operating histories and controlled expenses.

Medical, education, and essential-use properties tend to receive favorable consideration due to steady demand and mission-critical tenancy.

Where underwriting gets tougher

Office is underwritten conservatively, especially suburban and older product. Lenders often require lower leverage and strong in-place tenancy.

Value-add and transitional deals face tighter leverage, higher equity requirements, and closer scrutiny of projected rent growth.

Hospitality and discretionary assets can receive more restrictive terms due to seasonal demand and operating volatility.

Market-by-market dynamics (how lenders tend to think)

Fairfield County: Proximity to New York City supports lender interest, but high property values and taxes lead to conservative leverage.

Hartford: Stable demand for medical, government-adjacent, and professional services properties, with cautious treatment of office assets.

New Haven and secondary cities: Financing is available for stabilized, well-located properties, though lenders emphasize tenant quality and exit liquidity.

Who is lending in Connecticut (and what that means for terms)

Regional and national banks are active but selective, often favoring relationship-driven borrowers and stabilized assets.

Credit unions can be competitive for owner-occupied and smaller-balance loans.

Life companies and institutional lenders focus on large, stabilized assets with long-term income visibility.

Debt funds and non-bank lenders participate in transitional or higher-leverage deals, typically at higher cost.

Key underwriting themes unique to Connecticut

Expense pressure is a major underwriting factor. Property taxes, insurance, labor, and utilities are closely stressed.

Regulatory and zoning considerations affect project feasibility and long-term operations.

Sponsor liquidity and experience carry significant weight in credit decisions.

What “good” looks like to a Connecticut lender right now

A strong Connecticut loan request typically includes conservative leverage, defensible historical NOI, stable tenancy, and experienced sponsorship.

Deals relying on aggressive rent growth or rapid repositioning strategies tend to struggle.

Bottom line

Connecticut is a capital-available but underwriting-driven lending environment. Owner-occupied, stabilized multifamily, and essential-use properties provide the clearest paths to financing, while office and transitional assets face tighter terms.

Locations Served in Connecticut

We are proud to be serving the state of Connecticut. Here are our commercial loan statistics for this state.

Connecticut Cities and Towns Served

67

Lending Cities

Commercial loan direct provides services in the following Connecticut cities. Please note we may be able to provide services in other cities as well by request. Rates are dependent on the market in your locale, feel free to use the provided Connecticut economic reports to get a better understanding of your market.

  • Ansonia
  • Baltic
  • Bethel
  • Bethlehem Village
  • Blue Hills
  • Branford
  • Branford Center
  • Bridgeport
  • Bristol
  • Byram
  • Canaan
  • Canton Valley
  • Central Waterford
  • Cheshire
  • Cheshire Village
  • Chester Center
  • City of Milford (balance)
  • Clinton
  • Colchester
  • Collinsville
  • Conning Towers-Nautilus Park
  • Cos Cob
  • Coventry Lake
  • Cromwell
  • Crystal Lake
  • Danbury
  • Danielson
  • Darien
  • Deep River Center
  • Derby
  • Durham
  • East Brooklyn
  • East Haddam
  • East Hampton
  • East Hartford
  • East Haven
  • East Norwalk
  • East Windsor
  • Easton
  • Ellington
  • Enfield
  • Essex Village
  • Fairfield
  • Fairfield County
  • Farmington
  • Gales Ferry
  • Georgetown
  • Glastonbury
  • Glastonbury Center
  • Glenville
  • Greenwich
  • Groton
  • Guilford
  • Guilford Center
  • Hamden
  • Hartford
  • Hartford County
  • Hazardville
  • Hebron
  • Heritage Village
  • Higganum
  • Jewett City
  • Kensington
  • Kent
  • Killingly Center
  • Lake Pocotopaug
  • Ledyard
  • Lisbon
  • Litchfield
  • Litchfield County
  • Long Hill
  • Madison
  • Madison Center
  • Manchester
  • Mansfield City
  • Meriden
  • Middlebury
  • Middlesex County
  • Middletown
  • Milford
  • Montville Center
  • Moodus
  • Moosup
  • Mystic
  • Naugatuck
  • New Britain
  • New Canaan
  • New Fairfield
  • New Hartford Center
  • New Haven
  • New Haven County
  • New London
  • New London County
  • New Milford
  • New Preston
  • Newington
  • Newtown
  • Niantic
  • Noank
  • North Branford
  • North Granby
  • North Grosvenor Dale
  • North Haven
  • North Stamford
  • Northwest Harwinton
  • Norwalk
  • Norwich
  • Oakville
  • Old Greenwich
  • Old Mystic
  • Old Saybrook
  • Old Saybrook Center
  • Orange
  • Oxford
  • Oxoboxo River
  • Pawcatuck
  • Pemberwick
  • Plainfield
  • Plainfield Village
  • Plainville
  • Plymouth
  • Poquonock Bridge
  • Portland
  • Preston City
  • Prospect
  • Putnam
  • Quinebaug
  • Ridgefield
  • Riverside
  • Rockville
  • Salem
  • Salmon Brook
  • Saybrook Manor
  • Seymour
  • Shelton
  • Sherman
  • Sherwood Manor
  • Simsbury Center
  • Somers
  • South Coventry
  • South Windham
  • South Windsor
  • South Woodstock
  • Southbury
  • Southport
  • Southwood Acres
  • Stafford
  • Stafford Springs
  • Stamford
  • Storrs
  • Stratford
  • Suffield Depot
  • Tariffville
  • Terramuggus
  • Terryville
  • Thomaston
  • Thompson
  • Thompsonville
  • Tolland
  • Tolland County
  • Torrington
  • Trumbull
  • Uncasville
  • Wallingford
  • Wallingford Center
  • Washington
  • Waterbury
  • Waterford
  • Watertown
  • Wauregan
  • Weatogue
  • West Hartford
  • West Haven
  • West Simsbury
  • West Torrington
  • Westbrook Center
  • Westport
  • Wethersfield
  • Willimantic
  • Wilton
  • Winchester Center
  • Windham
  • Windham County
  • Windsor
  • Windsor Locks
  • Winsted
  • Wolcott
  • Woodbridge
  • Woodbury
  • Woodbury Center
  • Woodmont

Commercial Loan FAQs in Connecticut

Commercial interest rates in Connecticut vary based on loan type, property type, loan-to-value, debt service coverage ratio, borrower strength, and market conditions. They range from approximately 4.8% to 12.75%.

Borrowers in Connecticut can access Conventional, CMBS/Conduit, Insurance, FHA/HUD, USDA, Bridge, Construction, and SBA financing based on property type, leverage, and occupancy.

Commercial loan rates in Connecticut depend on loan type, property cash flow, debt service coverage ratio, loan-to-value, borrower strength, and market conditions.

Yes. Owner-occupied financing is available in Connecticut, including Conventional, Insurance, SBA, USDA, and selected agency programs when eligibility requirements are met.

Yes. Refinance options in Connecticut include rate-and-term and cash-out structures, subject to underwriting, property performance, and lender program guidelines.

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