New Construction Loans in Miami, FL
Miami is undoubtedly an incredible place to live. That’s why many property developers and investors have been flocking to the Magic City recently.
If you are looking to invest in Miami’s real estate market, you might struggle to finance your project. The local market is the hottest it has been in years, which calls for some hefty investments from property builders.
You should not worry too much, though, because the option to get a new construction loan in Miami, FL, is always there. It’s a great option for visionaries who do not want to skimp on their construction project. Here’s why.
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Finish Your Construction Project Smoothly by Securing a New Construction Loan in
New construction loans are specifically designed to help property developers and investors finance every step of the construction process. They are short-term loans that typically carry a term of one year at most. The temporary financial relief you get from securing a new construction loan in Miami, FL, can be the key to the success of your project.
Private money lenders have the authority to disburse the loan amount in installments. They can sync these disbursements with the phases of your project so that you don’t have to worry about a lump sum payment. Take a deeper look into new construction loans with these 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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Frequently Asked Questions
You will need to make monthly interest-only payments during the construction project. After completion, you will be required to pay off the principal and interest amounts within a year.
Your interest rate will depend on your payment and credit history, as well as a few other factors.
Yes. You can use the funds to finance any aspect of the construction process.
How Insula Capital Group Can Help You
Insula Capital Group is one of the most reliable private money lenders and real estate financing companies in Florida. Our team of expert underwriters has been in the industry for over three decades, making our work insightful and trustworthy.
You can reach out to us for any kind of construction loan you might need. While our new construction loans are only for 1-4 properties, we offer other property loans too. Read about our fix & flip loans, multifamily & mixed-use loans, and rental financing on our website. You can also take a look at our recently funded projects for more information.
Call Your Trusted Lenders Today!
If you’re ready to obtain your specialized contract, get in touch with us to book an initial consultation. You can also fill out the application forms on our website to see what documents we will need from you.
