New Construction Loans in Springfield, MA
Constructing a new property in Springfield, MA can be a highly lucrative venture. Real estate developers and investors have been flocking to the economic center of Western Massachusetts for years. The return on investment for newly-built properties is a great advantage in this city.
However, the construction phase of your project can incur costs you might be unable to cover. Given the skyrocketing prices of materials, new construction loans have become a highly sought-after option for investors. Learn about Insula Capital Group’s loan programs below!
Cover Up to 100% of Your Construction Costs with a New Construction Loan in Springfield, MA
Insula Capital Group is dedicated to helping property investors kick-start and finish their construction phases as they desire. Our new construction loans in Springfield, MA are designed specifically for investors looking to finance the construction of 1-4 family properties.
You don’t need to have an extensive portfolio for us to approve your loan. In fact, any investor who has completed a maximum of 3 projects so far can qualify. You can use this loan to cover up to 100% of your construction costs, including contractor wages and permits.
Let Insula Capital Group Fulfill Your Financial Requirements
Insula Capital Group has earned its reputation as a trusted private money lending company after 30 years in business. We provide tailored financial solutions to clients all across Massachusetts and other states. Our loan programs include mixed-use construction loans and fix & flip loans as well. You can see how we have helped other investors by taking a look at our just-funded projects.
Our new construction loans can help fulfill all of your financial requirements on time. Learn more about this loan program through our FAQs.
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
We disburse your new construction loan payments as per your draw requests. You can request ‘draws’ or withdrawals in sync with the phases of your construction project.
Yes. You might be required to make interest-only payments while the construction is ongoing. Principal payments will be required after completion.
No. We don’t apply any prepayment penalties or junk fees to our new construction loans.
Apply Online Today!
Wondering how you can apply for our loan programs? Do it directly through our website by clicking here! There are PDF forms that you can download, fill out, and submit on our website. Once we receive your complete application, we will have a representative get in touch with you. You can also directly contact us for any queries.