New Construction Loans in Connecticut
Mayflower Venture Partners is a direct private lender specializing in new construction loans for experienced residential developers throughout Connecticut. We focus on ground-up single-family construction financing for homes in the $1 million and above price range. Term sheets in 24 hours. Closings in 10 to 14 business days.
Connecticut — and Fairfield County in particular — is home to some of the most expensive and most active new construction markets on the entire East Coast. Greenwich, Darien, New Canaan, Westport, and Wilton collectively represent a luxury residential market where new single-family construction regularly sells above $2 million, $3 million, and significantly higher. For experienced developers who know these markets and can deliver quality product, the returns are exceptional.
Why Connecticut is One of the Premier New Construction Markets in the Northeast
Connecticut’s Gold Coast has long been defined by its proximity to New York City, its concentration of affluent families and executives, and its inventory of prestigious residential communities that attract buyers from across the country and around the world. The Metro-North rail corridor that runs through Fairfield County puts Greenwich, Darien, New Canaan, and Westport within commuting distance of Manhattan — and that accessibility has made these towns among the most sought-after addresses in the entire Northeast.
The structural dynamics of the Connecticut luxury market are compelling for new construction developers. Limited available land, strict zoning in the most desirable towns, and a buyer base that is specifically seeking new construction with modern layouts and premium finishes create a supply-constrained environment where quality product is absorbed quickly and at strong prices. Teardown activity across Fairfield County is significant and consistent, and the economics of building new in these markets are among the best in the region.
Beyond Fairfield County, Connecticut markets like the shoreline communities and the greater Hartford area also present opportunities for developers building in the $1 million range, with less competition and land available at more accessible price points.
Our New Construction Loan Program in Connecticut
We lend on ground-up single-family residential new construction throughout Connecticut. Our program is built specifically for experienced developers working in the $1 million plus price range.
Loan amounts from $500,000 to $5,000,000. Up to 75% of land acquisition cost. Up to 100% of construction budget. Loan terms of 12 months. Interest only monthly payments on the amount disbursed. Construction draws processed in 48 hours. No prepayment penalty.
We are a direct lender, not a broker. Every loan we fund comes from our own capital, which means faster decisions, cleaner communication, and no surprises at the closing table.
Connecticut Markets We Actively Lend In
We are actively providing new construction loans across Connecticut’s most valuable residential markets. Our Gold Coast lending footprint includes Greenwich, Darien, New Canaan, Westport, and Wilton. We also lend throughout greater Connecticut for developers building quality new single-family homes in the $1 million and above range.
We lend across all of New England, including Massachusetts, Rhode Island, New Hampshire, and Maine.
Who We Lend To
We work with experienced residential developers who have completed at least one ground-up construction project and understand what it takes to manage a build from land acquisition through certificate of occupancy. We do not finance first-time builders on new construction projects. Our borrowers are professionals who deliver on time and on budget.
Why Developers Choose Mayflower Venture Partners in Connecticut
We are based in Quincy, Massachusetts and have been lending to New England real estate developers for years. Connecticut is a core part of our lending footprint. When you call us with a deal in Greenwich, Darien, or anywhere else in Connecticut, you get a straight answer within 24 hours. No committees, no back and forth, no surprises.
Ready to Move on Your Next Connecticut New Construction Project?
Apply now, email us at lo***@*******er.com, or call 617-553-6781. Term sheets in 24 hours.