New Construction Loans in Indianapolis, IN
When it comes to booming real estate, no other city in Indiana is as well-off as Indianapolis.
As the largest and most prosperous city in the state, Indy has quite a reputation among real estate developers. Trying to buy and build a property in the city can be a great idea in the long run. The problem arises when it’s time to fund that project. Many investors struggle to arrange funds for their construction projects in Indy.
If you’re in a similar situation, then a new construction loan might be the solution you’re looking for.
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How You Can Benefit from a New Construction Loan in Indianapolis, IN
New constructions are designed to help property developers and investors secure the funding they need. Private money lenders like Insula Capital Group offer this financing solution as per your specific project needs.
This is a short-term loan, which means it carries a 6-12 month term at most. While your construction project is going on, you will not be charged any principal payments. Instead, you will only have to make monthly interest-only payments. You can also access the funds whenever you want by requesting draws. Learn more through our FAQs.
Why Choose Insula Capital Group?
Insula Capital Group can be your trusted private money lender for life in Indiana. We have been helping investors like you for over three decades. So, reliable and quality services are our forte.
Our expert underwriters understand the stress you’re under as an investor. They are ready to address whatever concerns you have throughout the entire process. You can go through our recently-funded projects to see how we’ve helped other investors secure funding. When you work with us, you will be able to access your funds within a short amount of time. We even issue approvals within a day and release funds within five business days. Our other solutions include fix & flip financing, multifamily & mixed-use loans, and residential rental programs.
Just Funded Projects
June 2022
Fix & Flip
- Weiser, ID
Purchase Price
170,000
Renovation Budget
59,000
Loan Amount
207,000
After Repair Value
309,000
July 2022
Fix & Flip
- Washington, DC
Purchase Price
255,000
Renovation Budget
80,000
Loan Amount
296,750
After Repair Value
450,000
December 2021
Fix & Flip
- Centerreach, NY
Purchase Price
340,000
Renovation Budget
46,050
Loan Amount
321,300
After Repair Value
459,000
November 2021
Fix & Flip
- Hartford, CT
Purchase Price
149,000
Renovation Budget
70,000
Loan Amount
196,650
After Repair Value
290,000
November 2021
Fix & Flip
- Philidelphia, PA
Purchase Price
130,000
Renovation Budget
105,300
Loan Amount
209,300
After Repair Value
335,000
November 2021
Fix & Flip
- Philidelphia, PA
Purchase Price
62,000
Renovation Budget
60,000
Loan Amount
106,500
After Repair Value
176,000
November 2021
Fix & Flip
- North Babylon, NY
Purchase Price
310,000
Renovation Budget
32,750
Loan Amount
311,750
After Repair Value
495,000
November 2021
Fix & Flip
- East Hampton, NY
Purchase Price
1,250,000
Renovation Budget
577,465
Loan Amount
1,577,465
After Repair Value
2,487,500
November 2021
Fix & Flip
- Jersey City, NJ
Purchase Price
525,000
Renovation Budget
240,650
Loan Amount
848,800
After Repair Value
831,000
What we offer
All Loan Services
Fix And Flip Loans
Fix And Flip Loans
Ground Up Construction
Ground Up Construction
Rental Property Loans
Rental Property Loans
Commercial Property Loans
Commercial Property Loans
Thousands of Clients Trust Our Company
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Ready to apply for a new construction loan?
Frequently Asked Questions
The loan-to-cost ratio we offer is 75% including plans and permits.
You need to be an investor who has three completed projects and a certain credit score to qualify.
No, our new construction loans are only for 1-4 properties. We offer separate multifamily loans.
Contact Us to Book an Interview!
Feel free to get in touch with our representatives to schedule an initial interview. You can apply via the application forms on our website, too.
