New Construction Loans in Cleveland, OH
Cleveland, OH, is a vibrant city with a thriving real estate market. The city has seen a significant increase in demand for new construction projects in recent years. With its strategic location and diverse economy, Cleveland presents excellent opportunities for real estate investors, developers, and builders.
Why Apply For New Construction Loans At Insula Capital Group?
Insula Capital Group is a leading provider of new construction loans in Cleveland, OH. We understand the challenges that come with financing a new construction project. Our team is dedicated to providing a simple and straightforward loan process to ensure that our clients can focus on what they do best — building and investing.
The Unmatched Benefits of New Construction Loans
New construction loans are designed to provide financing for ground-up construction projects. At Insula Capital Group, we offer new construction loans in Cleveland, OH, to experienced investors, developers, and builders who have a clear vision and a solid track record. Here are some of the benefits of our new construction loan program:
Flexible Terms: Our new construction loan program has a term of 1 year, providing flexibility to investors and builders. We offer competitive rates to ensure our clients can access the capital they need to complete their projects.
High Loan-to-Cost: Our loan-to-cost ratio is up to 75%, which means that we can provide funding for up to 75% of the total cost of the project, including plans and permits.
1-4 Family Property: Our new construction loan program is available for 1–4 family properties, ensuring we can support a wide range of projects.
Low Experience Requirements: We only require our clients to have completed three successful ground-up projects to qualify for our new construction loan program.
Up to 70% After Completed Value: We provide funding up to 70% of the after-completed value for our new construction loans in Cleveland, OH, which means that our clients can maximize their profits on their new construction projects.
No Prepayment Penalty: Our new construction loan program has no prepayment penalty, ensuring that our clients have the flexibility to pay off their loans early.
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
Insula Capital Group offers loan-to-cost ratios of up to 75% with plans and permits for new construction loans. This means you can potentially borrow up to 75% of the total project cost, including land acquisition and construction expenses.
The term of the new construction loans from Insula Capital Group is typically one year, providing short-term financing for the project’s construction phase.
No, Insula Capital Group does not impose any prepayment penalties on their new construction loans. Borrowers have the flexibility to repay their loans early without incurring any additional fees.
Get in Touch Today!
Are you looking for financing for your new construction project in Cleveland, OH? Insula Capital Group can help. Contact us today to learn more about our new construction loan in Cleveland, OH, and how we can support your project.
Our team of experts is ready to provide a simple and straightforward loan process to ensure that you can focus on what you do best – building and investing. Fill out our application now or check out our just-funded projects.