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.
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
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
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.
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.