How New Construction Loans Can Benefit You
There are more steps involved in the construction of a new property than most people realize. You not only have to worry about finding the right land but also have to find ways to optimize your costs. Even before the construction starts, you will have already incurred some hefty costs. For example, hiring contractors, sourcing building supplies and materials, and acquiring building permits all cause a dent in your budget.
This is where new construction loans come in. Construction loans allow you to get the funding you need to support all of the aforementioned expenses and more. New construction loans are typically given out for the short term, so you also don’t have to worry about the long-term liabilities other loans carry.
A huge benefit of getting a construction loan is that the payment terms are relatively more flexible. The lender will be able to provide the funds in phases. As one phase of your construction process gets completed, you’ll be able to borrow more funds for the next one. Lenders release funds in sync with your project phases, making it easier for you to manage them.
How to Find a Reliable Hard Money Lender in Arkansas
Now, even if you are ready to get a new construction loan in Arkansas, you might wonder where and how to get it.
Don’t worry! Insular Capital Group is here to help you out. Our team of highly experienced lenders has a collective market experience spanning many years. We specialize in helping passionate builders like you secure the funding they need for their projects. The process is simple: you get in touch with us, sign a contract, and let us handle the rest!
It’s natural to be hesitant about working with a new lending company. However, our team takes extra time and effort to ease your concerns every step of the way. We understand the struggle of going through the loan acquisition process, which is why we assign only the most intuitive team members to each task.
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Get in Touch With Us!
Ready to get your new construction loan in Arkansas? Reach out to our team via phone call today!
Once we know the details of your project, we will be able to come up with tailored financial solutions made specifically to address your unique needs. Let our team know any concerns you might have to get started right away.