New Construction Loans in Dover, DE
Are you ready to bring your ideal property to life in Dover, DE? Start by getting your financial status situated!
Dover has been a great prospect for real estate investors and developers for a few years now. You will find a unique blend of modernity and history in this city that remains unmatched. If you are an imaginative property developer looking to build a new property in Dover, you could substantially benefit from a new construction loan.
Learn how Insula Capital Group can help you secure a new construction loan in Dover, DE.
Make Your Project Stress-Free by Securing a New Construction Loan in Dover, DE
Typically, housing-related loans like mortgages only apply to finished properties that are about to be occupied. They help buyers finance their property purchases. But what if you want lenders to finance a property you haven’t even built yet? This is when you will likely require a new construction loan.
New construction loans, unlike mortgages, are designed to offer short-term funding to property developers. Most new construction loans in Dover have a term of six months to one year. Also, unlike some other types of loans, new construction loans do not need to follow a single-disbursement lump-sum format. Instead, new construction hard money lenders offer a series of disbursements. Borrowers can request to draw these funds as per the phases of their projects. Get in touch with us for more details about our loan deals.
Check out our new construction loan FAQs for further details.
Just Funded Projects
We are a leading nationwide private lender & real estate investment company.
- Fix & Flip
- July 2022Washington, DC
| Purchase Price: | $255,000 |
| Renovation Budget: | $80,000 |
| Loan Amount: | $296,750 |
| After Repair Value: | $450,000 |
- Fix & Flip
- June 2022Weiser, ID
| Purchase Price: | $170,000 |
| Renovation Budget: | $59,000 |
| Loan Amount: | $207,000 |
| After Repair Value: | $309,000 |
- Fix & Flip
- July 2022Washington, DC
| Purchase Price: | $255,000 |
| Renovation Budget: | $80,000 |
| Loan Amount: | $296,750 |
| After Repair Value: | $450,000 |
- Fix & Flip
- June 2022Weiser, ID
| Purchase Price: | $170,000 |
| Renovation Budget: | $59,000 |
| Loan Amount: | $207,000 |
| After Repair Value: | $309,000 |
Multifamily/Mixed Use
Fix & Flip Calculator
Fix & Flip Financing
New Construction
Hard Money Loan
Residential Rental Program (Buy & Hold)
Private Lending Done Right.
A leading nationwide private lender & real estate investment company.
Frequently Asked Questions
Every hard money lender in Dover, DE, has different qualification criteria. Insula Capital Group only offers construction loans to investors who have a portfolio of at least 3 completed projects.
You can use your construction loan funds for land acquisition, labor wages, purchase of materials, and permit acquisition.
We only offer new construction loans for one-to-four family properties. If you want to build a different kind of property, you can go for our multifamily or mixed-use construction loans.
Let Insula Capital Group Help You Get the Funding You Need
Our team consists of highly experienced underwriters who have been in the industry for over 30 years. We use our market insight and expertise to help you find financing solutions that work for you.
You can go through our just-funded projects to learn more about how we conduct business. We serve clients all across Delaware, so feel free to get in touch with us to discuss your funding concerns. Simply call us to book a consultation. You can apply through our website by filling out an application form, too.