New Construction Loans in Wilmington, DE
If you’re going to build a property anywhere in Delaware, Wilmington seems to be the obvious choice!
As the largest city in the First State, Wilmington has quite a competitive real estate market. The median housing prices in the state continue to rise every year, and construction costs are no exception. Being a passionate property developer and having to deal with skyrocketing construction costs is never ideal. Fortunately, there is a great solution that can enable you to complete your new construction project: a new construction loan.
Insula Capital Group is making it easier for you to qualify for and successfully get a new construction loan in Wilmington, DE. Here’s how you can take advantage of it.
Bring Your Ideal Property to Life by Getting a New Construction Loan in Wilmington, DE
Private money lenders and real estate financing companies across Delaware understand the unique requirements of a new construction project. Property building projects don’t have the same problems as simply buying a house. So, to address this unique gap in the market, lenders came up with new construction loans.
New construction loans enable borrowers to cover the costs involved in the construction of a custom property. This type of loan carries different terms and conditions than other real estate-related loans like mortgages. They also typically carry higher interest rates but that problem is overcome by the flexibility of their payment terms.
Learn more details about our new construction loan plans in Wilmington, DE by contacting our team or by reading the FAQs.
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
You can use our new construction loan in Wilmington, DE to pay for land acquisition costs, permit costs, design costs, contractor wages, and building materials costs.
Our new construction loan term is 1 year, so that’s how long you have to repay the loan.
You can apply for our loan programs by filling out an application online or contacting our team directly.
Why Choose Insula Capital Group
Now that you have an idea of how new construction loans can help you, the next step is to find lenders who can help you secure one. Insula Capital Group is here to do just that!
Our underwriting experts have impeccable insight into the local Wilmington real estate market. We have been a part of this industry for more than 30 years, allowing us to gain invaluable experience as loan advisors and real estate financers. If you’re concerned about our reliability, we suggest you go through our just-funded projects. This will help you understand how we conduct business and what you can expect from us, as far as funding goes.
If you’re not building a new property but simply renovating one to resell it, we can also finance that. Check out our fix & flip loans, residential rental programs, and multifamily & mixed-use loans for more details.
Book a Consultation with Your Trusted Loan Advisor Today
Are you ready to get funded? Contact our team and book a consultation with our experts today!
We are in business from Monday to Friday, 9 am to 5 pm. You can simply call us and discuss the services you’re looking for. You can also start by filling out the application forms on our website.