New Construction Loans in Boston, MA
The rising opportunities in Boston’s real estate market are an excellent situation for property developers, investors, and homeowners. In such favorable circumstances, you can also jumpstart a property development project with our new construction financing services.
Keep reading to learn more about our new construction loans in Boston, MA.
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Start Your Property Development Projects By Using Our New Construction Loans In Boston, MA
Traditional construction loans can be challenging to acquire. That’s why Insula Capital Group is your best bet for obtaining a new construction loan. As a reputable private hard money lender in Boston, we can help you with your construction projects. Our team of seasoned lenders will provide you with the financing you need for your upcoming projects.
So, what are you waiting for? Reach out to us for more details.
Why Should You Get Hard Money New Construction Loans In Boston, MA?
Want to get financial assistance for your construction projects but don’t know where to look? You can opt for loans from conventional banks. But is that a good idea? We don’t think so! The traditional loan process can be slow and has stringent requirements for borrowers. This is why we recommend using hard money new construction loans.
With rising construction costs, we know that financial support is necessary for investors and developers to complete construction projects. Amidst such circumstances, you must use hard money new construction services from reputable private lenders.
Hard money lenders understand the urgency of borrowers and can provide funding much faster than traditional lenders. With an online, simplified application process and an experienced underwriting team, you can get the financing you need quickly. From seasoned investors to new property developers, a wide range of individuals can use hard money new construction loans to finance real estate projects in Boston.
With hard money financing solutions, you can start your projects quickly and generate revenue sooner, which can help you maximize your profitability in the long run.
If you’ve got a low credit score and you’re worried about loan rejections from conventional institutions, hard money fix & flip financing is an excellent option for you. At Insula Capital Group, our underwriting team focuses on your collateral’s value instead of your credit report and financial history. If your collateral has adequate value and your project has high potential, we can provide loan approval in no time.
Find Out More About Boston’s Real Estate Market!
Need help in investing in the real estate industry in Boston? Our team has got your back! We understand that conducting extensive research before starting any construction project can be tricky, which is why we’ve collected some relevant statistics that might be beneficial for your project.
- Median Home Sold Price:$790,000
- 1-Year Appreciation Rate:+14.2%
- Median Days On Market:77
- Median Rent:$3,450
- Price-To-Rent Ratio:87
- Boston Metro Population:643,044
- Median Household Income: $81,744
The Real Estate Landscape In Boston
643,044
Population
$3,450
Median Rent Price
$790,000
Median Home Sold Price
+14.2%
1-Year Appreciation Rate
$81,744
Median Household Income
21.87
Price-To-Rent Ratio
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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Why Is Boston’s Real Estate Market a Prime Option for Investors?
It’s no surprise that Boston has a diversified economy with various industries like technology, healthcare, finance, and many more. The favorable economic circumstances can help investors make money in the growing real estate market. With an excellent job market and sustained population growth, you can expect real estate demand to rise in Boston. The increasing demand can lead to high property prices and help investors who purchased residential or commercial properties beforehand.
If you want to invest in Boston’s real estate market by kickstarting a construction or fix & flip project, our team is here to help. We provide technical guidance and can help you select a customized hard money new construction loan deal. Our team can take a close look at your project and offer an effective financing plan.
Ready to apply for a New Construction loan?
Frequently Asked Questions
Yes, our underwriting team will assess your eligibility on numerous factors. A credit score is part of it, but we also evaluate construction experience and project feasibility. You can discuss your financial situation with us so we can find alternative financing options like fix & flip financing, multi-family mixed-use loans, and residential rental programs.
To make the loan process simplified and streamlined for our clients, we’ve created an online full application form to help our clients apply for new construction loans in Boston.
The approval process depends on your project’s timeline, plan, and specific requirements. Our team aims to minimize delays so you can get swift funding for your project.
Let Us Guide You!
Looking to get financial assistance for your real estate projects? We can assist you! Our goal is to ensure that you get the money quickly so you can get back to work on your next big project. When you choose us, you’re selecting a hard money lender who has your best interests at heart and will work tirelessly until the job is finished. We offer loan approvals with minimal documentation and our experienced underwriting team ensures the loan approval process is completed without any unnecessary delays.
Ready to start a construction project in Boston? Connect with us for more details about your financing options.
