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.
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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.
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.