New Construction Loans in Worcester, MA
Every property developer prefers using top-notch materials to build their properties from scratch. Unfortunately, such materials are not always within their construction budget. In large cities like Worcester, MA, juggling hefty construction costs is especially difficult for developers and investors.
The good news is that real estate builders and investors can now obtain financial support through new construction loans in Worcester, MA. Insula Capital Group is offering loan programs that are specifically designed to help property investors secure the necessary funding. Learn about these programs below.
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Invest in Quality Materials with a New Construction Loan in Worcester, MA
Compromising on the quality of materials you use for your new construction project can affect the property’s long-term value. Cheaper materials deteriorate much faster, so it is important to invest in those that last. Since high-quality building materials and skilled contractors cost more, your best bet as an investor would be to secure a new construction loan.
New construction loans can help you cover the hefty costs of purchasing land, paying contractor wages, buying materials, and acquiring permits. These short-term loans are a great funding solution for investors who need temporary financial support.
Access Tailored Financial Solutions by Insula Capital Group
Our team consists of highly skilled underwriters and loan officers who can curate specialized loan programs for you. We even offer fix & flip financing, residential rental programs, and multifamily/mixed-use construction loans. You can learn about our recently-funded projects by clicking here.
We offer new construction loans in Worcester, MA for investors who want to build 1-4 family properties. This loan carries a 12-month term. Go through our FAQs for more information.
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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Get in Touch with Us Today
We want to hear from you! You can take advantage of our simplified loan application process by submitting a full application through our website. Downloadable versions of your required documents are also available on our site. Our team will reach out to you for an interview once we review your application.
Ready to apply for a New Construction loan?
Frequently Asked Questions
The interest rate for your new construction loan will be decided at the time of reviewing your application. It will depend on factors like your credit score and payment history.
We can approve loan applications within 24 hours and fund your loan within 5 business days of approving it.
We recommend planning ahead to avoid this problem. In case it does occur, you can request to extend the project completion time in your contract.
