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!
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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
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
Single-family Rental Loans
Single-family Rental Loans
Hard Money Lenders
Hard Money Lenders
Development Loans
Development Loans
Commercial Property Loans
Commercial Property Loans
Commercial & Residential Land Loans
Commercial & Residential Land Loans
Bridge Loans
Bridge Loans
Cash-Out Refinance Loans
Cash-Out Refinance Loans
Rental Property Loans
Rental Property Loans
Investment Property Loans
Investment Property Loans
New Construction Loans
New Construction Loans
Fix And Flip Loans
Fix And Flip Loans
Multifamily Bridge Loans
Multifamily Bridge Loans
New Construction
New Construction
Thousands of Clients Trust Our Company
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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!
Ready to apply for a New Construction loan?
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.
