New Construction Loans in Cambridge, MA
Every property investor understands the importance of financial security. If you are planning to build a new property in Cambridge, MA, securing enough funds will be imperative to the success of your project. While you can plan for most aspects involved in the construction phase, there can be some unexpected expenses during it. Your project can fall apart if you don’t have backup funds to finance such costs.
This is why Insula Capital Group is making it easier to secure a new construction loan in Cambridge, MA. Learn more about their loan programs below!
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Obtain Necessary Funds by Getting a New Construction Loan in Cambridge, MA
New construction loans are short-term financing solutions for real estate developers and investors. They are a good funding source because they offer flexible disbursement and repayment terms to borrowers. As a borrower, you can choose to withdraw a portion of the funds in sync with your construction project phases. Many investors prefer this because it avoids the hassle of juggling a lump sum payment all at once.
Applying for and securing a new construction loan ahead of time can be the key to successfully completing your construction project. It’s also important to get a loan from a reliable private money lender like Insula Capital Group.
Get Trustworthy Financing Services from Insula Capital Group
Insula Capital Group prides itself on its 30+ years of reliable service throughout the US. Our team consists of compassionate and skilled lending specialists who tailor their services to each client’s unique needs. We even offer other loan programs like fix & flip financing and multifamily construction loans. You can gauge the quality of our services by going through our just-funded projects.
Learn more about our new construction loans in Cambridge, MA with the following FAQs.
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
Single-family Rental Loans
Single-family Rental Loans
Hard Money Lenders
Hard Money Lenders
Development Loans
Development Loans
Commercial Property Loans
Commercial Property Loans
Commercial & Residential Land Loans
Commercial & Residential Land Loans
Bridge Loans
Bridge Loans
Cash-Out Refinance Loans
Cash-Out Refinance Loans
Rental Property Loans
Rental Property Loans
Investment Property Loans
Investment Property Loans
New Construction Loans
New Construction Loans
Fix And Flip Loans
Fix And Flip Loans
Multifamily Bridge Loans
Multifamily Bridge Loans
New Construction
New Construction
Thousands of Clients Trust Our Company
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Start the Application Process Today
If you are ready to get funded, start by filling out our online application forms! Our underwriters are capable of approving your loan application in less than a day and funding it within a week. You can also directly contact us to get further information before scheduling an interview.
Ready to apply for a New Construction loan?
Frequently Asked Questions
No, you can get a new construction loan first and use the funds to purchase land afterward.
Our new construction loans carry a 12-month term. So, your construction project should be finished within that time frame. You can discuss potential date extensions with your lending specialist during the initial interview.
Our new construction loans cover up to 70% of the after-completed value.
