New Construction Loans in Auburn, ME
Are you planning on building a new property in Auburn, ME? That’s a great idea!
Real estate developers and investors can get great returns on investment in Auburn, ME. The city might be small, but it has some great plots up for grabs. Property investors looking to buy land and build a property on it from scratch can now easily acquire funds to do so. As a private money lending company, Insula Capital Group is making this task simple for investors. Read more to learn how.
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Gain Financial Support with Our New Construction Loans in Auburn, ME
When it comes to construction projects, there is only so much you can pay for out of your own pocket. Most real estate investors require external funding sources, which is made easier with Insula Capital Group’s loan programs!
Our services are tailored to each investor’s unique requirements. If you need financial support to cover the costs of your 1-4 property construction, then our new construction loans are designed for you. These short-term loans can finance up to 100% of your construction costs.
How Insula Capital Group Can Help You
Our expert underwriters understand the stress that comes with building a new property from scratch. Our years of experience in the industry have enabled us to curate specialized contracts that address your specific funding requirements. This is why all of our loan contracts are underwritten in-house. Check out our just-funded projects to see how we’ve helped previous clients.
We also understand that time is of the essence in every property construction project. To help you start and finish your project on time, we try to approve your new construction loan within 24 hours. It takes us only about five additional days to fund your loan. Go through our FAQs to learn more!
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
Our new construction loans in Auburn, ME, offer a maximum of 75% loan-to-cost ratio.
You might be eligible for reimbursement if you bought materials before securing the loan. Contact your underwriter for confirmation.
No. Our new construction loans are only for covering the construction costs of 1-4 properties. For renovation cost coverage, you can apply for our fix & flip loans instead.
Get in Touch with Us Today
If you are ready to start the loan application process, simply fill out our online application forms! You can apply to prequalify via our website, too. For further information, please contact our team directly.
