New Construction Loans in Newark, DE
Building a new property in small towns like Newark, DE, can be just as challenging as doing it anywhere else. You still need to invest heavily in buying land and getting a permit to build on it. All the costs involved in hiring reliable contractors and buying high-quality building materials can also put a dent in your pocket.
Instead of trying to self-finance your entire construction project, you’d be better off getting a new construction loan in Newark, DE. Here’s how Insula Capital Group can help you do it!
Get a New Construction Loan in Newark, DE, to Expedite Your Construction Project
New construction loans are designed specifically to help property builders, and investors finance every stage of their construction project. Whether you’re building a one-to-four-family home, mixed-use property, or multifamily property, you could greatly benefit from a new construction loan.
A major convenience factor of new construction loans is the flexible payment terms they offer. Instead of having to deal with a one-time lump sum payment, you can draw your construction loan funds as your project progresses. Hard money lenders allow you to draw a certain portion of the loan as each new stage of your project starts. Schedule a meeting with our team to learn more about our hard money lending process.
Here are some FAQs to help you learn more about our new construction loans in Newark, DE.
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
Our new construction loans in Newark, DE carry a term of one year
We will decide your interest rate at the time of closing your loan. We consider factors like your credit score, payment history, and current economic conditions while deciding your interest rate.
We keep documentation to a minimum but it depends on your loan type. You can contact our underwriters or visit our website to get a comprehensive list.
How You Can Benefit from Insula Capital Group’s Financing Solutions
At Insula Capital Group, our goal is to help innovative property developers build their desired properties without any hassle. With over 30 years of experience in the industry, we have gained the knowledge and expertise required to help clients all over Delaware.
We offer loans for multiple property types, including multifamily homes and mixed-use properties. You can reach out to us for a fix & flip loan, too! Have a look at our recently funded projects for a better understanding of our business.
Consult with Your Trusted Private Money Lenders Today!
We are available for a consultation from 9 am to 5 pm on all business days (Mon-Fri). Drop us a call to talk to a representative and set a meeting!