How New Construction Loans Help Builders
The entire point of a new construction loan is to finance various aspects of your construction process. The details of how you allocate the funds are up to you, but lenders typically let you borrow money for a few different reasons.
Firstly, a new construction loan in Fayetteville, AR, can help you buy the property you want. If you have had your sight set on a popular property, you could lose it to another buyer if you don’t buy it quickly enough. New construction loans help you avoid this unfortunate situation by keeping your finances secured ahead of time.
Construction loans are also different from mortgages since they are meant to provide only short-term funding. Unlike mortgages, you also don’t have to make a huge payment on a lump sum at once. You can simply make interest-only payments as you go through the construction process. Additionally, you can use the loan to complete the necessary payments involved in buying the property, hiring labor, sourcing building materials, and securing permits.
How We Can Help You Secure Funding
Applying for a loan can be a daunting process. It’s natural to have concerns and reservations about local private hard money lending companies you have not worked with before. That’s where we come in!
Our team at Insula Capital Group has a genuine passion for helping property owners realize their property-building dreams with ease. We have helped many clients successfully obtain new construction loans in Fayetteville, AR and continue to do so. Our reliable services can greatly benefit you despite the scope of your building project.
We offer various types of loans, including new construction loans, fix and flip financing, residential renting programs, and multifamily mixed-use property loans.
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Get in Contact with Us Today!
Our team is ready to answer any questions you might have; all you have to do is give us a call. Once we know the unique details of your project, we will be able to come up with a funding solution that works perfectly for you.