Bristol Hard Money Lender

Bristol Hard Money Lender

In the Bristol real estate market, grabbing properties before your competition is essential for making the best deals. Although real estate investors sometimes go the traditional route and seek bank loans, the process is anything but speedy.

When time is of the essence, waiting for the lengthy process of getting approval is not an option for most investors. Bristol hard money lenders specialize in providing hard money loans which provide quick funds to investors. These loans are for a non owner occupied property or in some cases for business purpose loans.

Bristol Hard Money Lender FAQ’S

Below are some of the most frequently asked questions we get regarding hard money loans and lenders in Bristol.

What Do Bristol Hard Money Lenders Specialize in?

Bristol hard money lenders specialize in providing short-term, creative financing for real estate investors. If you seek a conventional lender to purchase an investment property, your loan request will be based on the property’s value and your assets. Your credit score, job, and finances will be scrutinized intensely.  Hard money lenders base their final loan decisions on the after-repair value. The ARV represents the potential value of a property after all repairs have been accomplished.

What are the Benefits of Bristol Hard Money Loans?

Bristol hard money loans offer advantages that traditional banks cannot. Lenders like Acamnet Financial offer a higher level of flexibility than banks.  When qualifying for this type of loan, lenders do not delve too deeply into the finances of real estate investors. In most cases, simply present the property and your plans, which saves you the hassle of gathering countless financial documents.

Do Bristol Hard Money Lenders Look at my Credit Score?

One of the greatest benefits of working with Bristol hard money lenders is the lack of credit score requirements. One of the first things a bank does is check your credit score.  You can get approved for a hard money loan in Bristol even if you have bad credit or poor credit, bankruptcies, and foreclosures in the past. Bristol Hard money lenders primarily care about the property you are purchasing.

What is the Interest Rate & Points for Hard Money Loans in Bristol?

Interest rates for hard money loans in Bristol are typically higher than traditional bank loans (conventional loans) because of the greater risk lenders must take on when approving loans. When searching for a hard money lender near me in Bristol, you will find average interest rate is between 8%-15%.  You should also be aware that lenders sometimes charge points that are meant to offset their administrative costs. Each point represents 1% of the total loan amount.  The average points lenders charge is between 1 to 3. Some lenders may charge up to 10 points. These points are due upfront or at closing, depending on the lender.

What Should I Look for in a Bristol Hard Money Lender?

There are many benefits to working with a Bristol hard money lender.  You just need to make sure you are working with the right lender.  You can rely on Acamnet Financial Group when you need us most.  We offer reliability, consistency, experience, and support.  As a real estate investor, you know the importance of grabbing the best property deals when they become available.

How can Hard Money Lenders in Bristol Help Me?

Whether you are new to real estate and real estate projects or an old pro, you know having the capital to purchase real estate is essential. Without funds, you will miss out on real estate transactions.  When you partner with hard money lenders in Bristol, you will quickly get the money you need without jumping through the hoops of traditional bank lenders.

How do I get a Hard Money Loan in Bristol?

When you want a hard money loan in Bristol, begin by preparing the property information. Location, size, purchase price, after repair value, repair costs, etc.  In most cases, the financing will be based on these numbers.  Then, apply for a hard money loan in Bristol using this information and supply some financial information.  Then, an appraisal will be ordered to assess the loan-to-value ratio, which will influence the loan amount.

How do I Refinance a Bristol Hard Money Loan?

Refinance a Bristol hard money loan will involve moving from a high interest, short term loan to a longer term, usually lower interest rate loan. Typically a conventional type of loan.  When refinancing a Bristol hard money loan you will find it will have a more stringent set of guidelines.  You will need to have sufficient credit and income qualifications.  As the lending landscaping and regulations constantly change, you want to consult a knowledgeable conventional loan expert.

Here’s other cites we can help with in Connecticut: Connecticut hard money lender

Current Real Estate Trends In Bristol (2024)

The real estate market in Bristol, Connecticut is currently experiencing a significant boom. Home values have seen a remarkable increase of 9.5% in the past year alone, resulting in an average home price of $283,379. This upward trend is expected to persist in the upcoming year, indicating a positive outlook for homeowners in the area.

One notable aspect of the Bristol real estate market is the speed at which homes are being sold. Most listings are going pending within a mere six days, highlighting the high demand for properties in the area. This rapid pace of sales is indicative of a competitive market, with buyers eager to secure their desired homes quickly.

Furthermore, the median sale to list ratio in Bristol suggests that most homes are selling for close to their list prices. In fact, a significant portion of properties are even fetching prices higher than their initial asking prices. This indicates a strong seller’s market, where buyers may need to be prepared to make competitive offers to secure their desired properties.

Bristol offers a range of options for homebuyers, with various neighborhoods boasting different median values. Neighborhoods such as Terryville, Bucks Hill, Waterville, and Lakewood each offer their own unique characteristics and price ranges, providing potential buyers with a diverse selection of properties to choose from.

Overall, the real estate market in Bristol, Connecticut is currently thriving and heavily favors sellers. With increasing home values, quick sales, and competitive bidding, those looking to sell their properties in Bristol can expect a favorable market environment.

Housing Market Overview

The housing market in Bristol, Connecticut has seen a remarkable 9.5% rise in median house prices over the last year. As of now, the typical home value is at an impressive $283,379, suggesting that now may be the perfect time to consider putting your home up for sale.

This upward trend indicates a favorable market for sellers.

Selling Your House

When selling a property in Bristol, homeowners have a lot to consider. It’s important to familiarize yourself with the local real estate market trends so you can make the best decisions to ensure a successful sale. 

Analyzing data such as the median sale to list ratio, percent of sales over list price, percent of sales under list price, and median days to pending can help you determine the current home values in Bristol. Taking all of this into account will give you a better chance of achieving a smooth and profitable sale.

Home Values

When it comes to Bristol’s home values, analyzing the median sale to list ratio, percent of sales over list price, and percent of sales under list price offers homeowners valuable insights to help them make the best decisions when selling their property.

It is important to take into account market changes and fluctuations as well as any factors that may affect the values of homes. By doing this, homeowners can get a better understanding of what their home is worth in the current market.


All About Bristol

Welcome to Bristol, a vibrant and diverse city where history and modernity meet. It was established in 1727 and has since become a hub for sports and entertainment. With a population of over 60,000, Bristol provides residential and commercial areas for everyone to enjoy.

Visit landmarks such as the American Clock & Watch Museum and Lake Compounce – the oldest operating theme park in the United States – to explore the city’s past. The downtown area is also undergoing revitalization, creating a fresh and modern look.

Another interesting part of Bristol’s culture is its nicknames. It’s known as the ‘Mum City’ because of its chrysanthemum production and the ‘Home of ESPN’ and ‘Bell City’ due to its clock-making industry.

Come and experience all that Bristol has to offer. This city is constantly evolving while still preserving its distinctive character.

History and Origins

Bristol, sometimes known as the ‘Mum City’, has a long-standing history. Before European settlers arrived, the Tunxis Native American tribe called the area home. In 1785, New Cambridge was incorporated and Bristol was born.

Ebenezer Barnes was the first settler to make it his permanent residence, arriving in 1727. Clock-making and related industries were integral to the city’s growth.

Today, Bristol is home to ESPN, general studios, and the oldest operating theme park in the United States, Lake Compounce. The American Clock & Watch Museum is also located there.

With its rich past and many attractions, there’s plenty for visitors and residents to enjoy in Bristol.

Landmarks and Attractions

Explore the vibrant attractions and landmarks that will captivate you in Bristol, immersing yourself in its rich history and cultural heritage.

ESPN is a renowned sports network that has made its general studios here, making it a hub for those passionate about sports and media professionals.

Lake Compounce is another great destination, the oldest operating theme park in the United States. It offers thrilling rides and a charming atmosphere for people of all ages.

Horology enthusiasts should be sure to visit the American Clock & Watch Museum, where they can learn about the history of clock-making and admire a collection of timepieces.

Bristol is also known as the ‘Mum City’ and holds an annual Bristol Mum Festival, displaying the city’s chrysanthemum heritage and hosting various festivities.

The former site of the American Silver Company stands as a reminder of Bristol’s industrial past.

As you explore these attractions, you’ll witness the rich tapestry of Bristol’s history and culture.

Moving on to the next section on downtown revitalization, you’ll see how Bristol has changed in recent years.

Downtown Revitalization

Experience the amazing transformation of Bristol’s downtown area as you explore the city’s revitalization efforts. Since 2008, Bristol has been actively working on renovating its downtown, and the results are truly remarkable.

The Bristol Downtown Development Corporation is at the helm of this project, breathing new life into the heart of the city. One of the standout features of the revitalization is the complete redesign of a park in the center of Bristol, creating a lush green oasis for both locals and visitors to enjoy.

In addition to the park, the old Bristol Centre Mall has been demolished, paving the way for a 17-acre development area that holds immense potential for future growth and progress.

Not stopping there, improvements have also been made to North Main Street, with the addition of islands, street lighting, and a brick median. These enhancements not only add to the aesthetic appeal of the downtown area but also improve its functionality.

As you wander through Bristol’s revitalized downtown, you will undoubtedly be captivated by its beauty and modern amenities. The city has truly succeeded in creating a vibrant and inviting atmosphere for all to enjoy.

Now, let’s delve into the fascinating nicknames that Bristol is known for.


Dive into the vibrant culture of Bristol to explore its intriguing nicknames reflecting its rich history and industrial heritage.

The city is often referred to as ‘Mum City’ due to its past as a prominent producer of chrysanthemums. This name is celebrated annually at the Bristol Mum Festival.

It is also known as ‘Home of ESPN’ for the presence of the renowned sports network’s headquarters. Bristol has gained national attention and economic benefits due to its association with ESPN.

Another nickname, ‘Bell City,’ symbolizes the city’s legacy as a hub of innovation and craftsmanship in the timepiece industry.

These nicknames showcase the diverse and industrious spirit of Bristol, and the next section looks into how Bristol’s rich history and vibrant community have shaped its current identity.

City Status

Bristol attained city status in 1911, representing a significant step in its expansion and progress. With its incorporation as a city, Bristol solidified its standing as a bustling community boasting a wealthy history and a bright future.

Presently, Bristol is mainly residential and renowned for its numerous attractions and industries.

The city has gone through downtown renewal projects, designed to improve its appearance and foster economic growth. The Bristol Downtown Development Corporation has been instrumental in managing these renovations, which have included the full renovation of a park in the city center and the removal of the obsolete Bristol Centre Mall, creating a 17-acre development site.

Bristol’s reputation as a city is also reflected in its dynamic community, which hosts a range of events and festivals throughout the year. From the yearly Bristol Mum Festival to the presence of ESPN, the city celebrates its cultural and industrial roots. Moreover, Bristol’s history in clock-making and related industries has earned it the nickname ‘Bell City’, further underlining its importance in these fields.

To sum up, Bristol’s attainment of city status in 1911 has been vital in forming its character as a residential community with a focus on sustaining its look, encouraging growth, and honoring its cultural and industrial roots.