New Construction Loans in Springfield, MA
Constructing a new property in Springfield, MA can be a highly lucrative venture. Real estate developers and investors have been flocking to the economic center of Western Massachusetts for years. The return on investment for newly-built properties is a great advantage in this city.
However, the construction phase of your project can incur costs you might be unable to cover. Given the skyrocketing prices of materials, new construction loans have become a highly sought-after option for investors. Learn about Insula Capital Group’s loan programs below!
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Cover Up to 100% of Your Construction Costs with a New Construction Loan in Springfield, MA
Insula Capital Group is dedicated to helping property investors kick-start and finish their construction phases as they desire. Our new construction loans in Springfield, MA are designed specifically for investors looking to finance the construction of 1-4 family properties.
You don’t need to have an extensive portfolio for us to approve your loan. In fact, any investor who has completed a maximum of 3 projects so far can qualify. You can use this loan to cover up to 100% of your construction costs, including contractor wages and permits.
Let Insula Capital Group Fulfill Your Financial Requirements
Insula Capital Group has earned its reputation as a trusted private money lending company after 30 years in business. We provide tailored financial solutions to clients all across Massachusetts and other states. Our loan programs include mixed-use construction loans and fix & flip loans as well. You can see how we have helped other investors by taking a look at our just-funded projects.
Our new construction loans can help fulfill all of your financial requirements on time. Learn more about this loan program through our FAQs.
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
Multifamily Bridge Loans
Multifamily Bridge Loans
Fix And Flip Loans
Fix And Flip Loans
Ground Up Construction
Ground Up Construction
Investment Property Loans
Investment Property Loans
Rental Property Loans
Rental Property Loans
Cash-Out Refinance Loans
Cash-Out Refinance Loans
Bridge Loans
Bridge Loans
Commercial & Residential Land Loans
Commercial & Residential Land Loans
Commercial Property Loans
Commercial Property Loans
Development Loans
Development Loans
Hard Money Lenders
Hard Money Lenders
Multifamily / Mixed-Used Commercial
Multifamily / Mixed-Used Commercial
Single-family Rental Loans
Single-family Rental Loans
Thousands of Clients Trust Our Company
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Ready to apply for a New Construction loan?
Frequently Asked Questions
We disburse your new construction loan payments as per your draw requests. You can request ‘draws’ or withdrawals in sync with the phases of your construction project.
Yes. You might be required to make interest-only payments while the construction is ongoing. Principal payments will be required after completion.
No. We don’t apply any prepayment penalties or junk fees to our new construction loans.
Apply Online Today!
Wondering how you can apply for our loan programs? Do it directly through our website by clicking here! There are PDF forms that you can download, fill out, and submit on our website. Once we receive your complete application, we will have a representative get in touch with you. You can also directly contact us for any queries.
