New Construction Loans in Biddeford, ME
The real estate market in Biddeford, ME, is often overlooked. Regardless, it poses some great opportunities for property developers and investors.
There are many for-sale plots in Biddeford, ME, that local investors are now turning their attention to. If you are one such investor looking to build a new property in this city, you could greatly benefit from a new construction loan. A new construction loan can enable you to secure funding ahead of time. It can also enable you to invest in high-quality materials when constructing your ideal property! Learn more below.
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Should You Get a New Construction Loan in Biddeford, ME?
Many property investors are hesitant to take out construction loans due to their strict terms. However, finding a reliable private money lender can significantly simplify the process for you. This is where Insula Capital Group comes in.
We offer new construction loans in Biddeford, ME, with flexible payment terms and no junk fees. Applying for and securing this loan can be the saving grace of your construction project. You can use it to finance up to 100% of your construction project.
Let Insula Capital Group Be Your Trusted Private Money Lender
We have been in business for over three decades, making us one of the most reliable hard money lending companies out there. When you work with our skilled underwriters, transparency and quick service will no longer be of concern. We create specialized contracts for each client in-house!
Our new construction loan program applies to 1-4 family properties only, but we do offer other loan programs as well.These programs include fix & flip loans, multifamily & mixed-use loans, and residential rental loans.
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
Multifamily / Mixed-Used Commercial
Multifamily / Mixed-Used Commercial
Thousands of Clients Trust Our Company
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How to Apply for Our Loan Programs
If you are ready to apply for any of our loan programs, fill out the full application forms available on our website! You can also directly contact our representatives via phone call or email if you have any questions.
Ready to apply for a New Construction loan?
Frequently Asked Questions
Yes! You can use your new construction loan to cover any costs involved in the construction process.
We require documentation pertaining to your credit authorization, personal financial statement, real estate portfolio, and scope of work. Click here to download all of these forms from our website.
We will determine your interest rate after we evaluate your application. It will depend on factors like your credit score, payment history, and economic conditions.
