New Construction Loans in Bangor, ME
Contrary to popular belief, constructing a property in small cities like Bangor, ME, can still be a big investment. Many real estate developers and investors in Bangor struggle to manage construction costs on their own. For such investors, getting a new construction loan in Bangor, ME, is the best option.
New construction loans by private hard money lenders like Insula Capital Group can help you kick-start your project whenever you want. You don’t have to keep delaying construction because of a lack of funding anymore. We can help you get funded within a week! Learn more below.
What a New Construction Loan in Bangor, ME
The main purpose of a new construction loan is to cover various costs involved in a property construction process. While there are other loan programs for bigger properties, new construction loans typically only apply to 1-4 family properties.
A new construction loan typically carries a 6-12 month term. Most private money lenders require you to make interest-only payments every month while the construction project is ongoing. You will only need to make principal payments afterward.
Why Work with Insula Capital Group?
Insula Capital Group is run by a team of highly skilled and experienced underwriters who are passionate about helping real estate investors. With over 30 years in business, we have garnered a reputation for being reliable and quick with our services.
If you don’t need a new construction loan, you can still check out our other loan programs. Whether you’re applying for mixed-use property construction loans or fix & flip financing, you can greatly benefit from our 24-hour approval process. Feel free to take a look at projects we’ve funded recently for more insight!
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
Your exact loan terms and conditions will be determined after we conduct your initial interview. However, we do typically let borrowers use their funds for any construction-related expenses.
You need minimal experience to qualify for our new construction loans! We only require investors to have a portfolio of three completed projects at most.
You can head over to our website to get a list of the documentation we require.
Are You Ready to Get Funded?
Our expert underwriters are waiting to hear from you! You can submit a loan application online through our website today. If you’d like to contact us directly, feel free to do so between 9 am to 5 pm on weekdays.