Build Your Dream Property Quickly by Getting a New Construction Loan in Metairie, LA
New construction loans are an excellent way for property developers and investors to finance their construction projects. Private money lenders disburse the loan amount in sync with each phase of your construction project. This way, you can draw and access the funds exactly when you need them.
This type of loan is also a short-term loan with a one-year loan term, so you don’t have to wait too long to pay it off either. During the construction process itself, you will only be required to make interest-only payments. You can make principal payments later, making the whole process easier for you.
How You Can Benefit from Insula Capital Group’s Reliable Loan Programs
Insula Capital Group has been offering various loan programs across Louisiana for many years. While we help finance larger properties, too, our new construction loans are particularly designed only for 1-4 properties. You can check out our multifamily and mixed-use loans for other property types. If you are renovating a property to resell it, then our fix & flip loans are a better option for you. We also offer residential rental loans. Feel free to go through our just-funded projects to get a better idea of our services!
You can apply for prequalification by clicking here.
Get further details about our new construction loans in Metairie, LA, through these FAQs.
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A leading nationwide private lender & real estate investment company.
Frequently Asked Questions
You can use your new construction loan to finance land acquisition, contractor wages, material purchases, permits, and any unanticipated expenses during the construction process.
You can qualify for our new construction loans if you have completed a maximum of three real estate construction projects as an investor.
We don’t charge any prepayment penalties.