New Construction Loans

Need help starting a property development project in the US? New construction projects require not only a visionary approach but also the right financial support to turn your ideas into bricks and mortar!

The first thing you must do is acquire adequate finances to ensure your project isn’t halted or compromised because of inadequate financing. But applying for conventional bank loans and waiting an eternity for loan approvals isn’t much of a feasible option. This is why we recommend using our new construction loan deals to finance your property construction effectively.

New construction loans sourced through Insula Capital Group are tailored to meet the unique needs of developers and investors looking to bring innovative projects to life. Schedule a meeting to explore how our financing solutions can be the cornerstone of your next groundbreaking endeavor.

What Is Hard Money New Construction Financing?

Hard money new construction loan is a form of short-term, asset-based financing specifically tailored for funding the construction of real estate projects.

Unlike traditional loans from banks or credit unions, hard money financing is typically offered by private lenders or small lending firms.

The focus of hard money lenders is on the collateral, in this case, the property being developed, rather than the borrower’s credit history or financial standing.

Why Should You Acquire Hard Money New Construction Loans?

The primary advantage of hard money loans is that they can be used in areas where conventional lending methods aren’t available.

Hard money lenders can get involved in any stage of your property’s construction cycle, like pre-development, design, construction, and post-construction.

Quick access to funds and a streamlined approval process ensure that construction projects can kick off without extensive delays.

The primary determinant for hard money lenders is the value of the property being developed. This asset-based approach allows for a more streamlined approval process, making hard money financing an attractive option for new construction projects.

Hard money loans are short-term, typically ranging from several months to a few years. This aligns with the temporary nature of construction projects, allowing borrowers to secure quick financing for the duration of the project.

As a trustworthy hard money lender in the US, we’re often willing to accept a wide range of collateral with construction loans sourced at lower interest rates than other lenders.

If you’re thinking about getting a hard money construction loan from our team, you must understand that the most crucial advantage of hard money lending is the ability to access funds quickly without waiting for approval from a bank or other financial institution.

Reach out for a more detailed consultation before you apply for new construction loans with Insula Capital Group.

An Overview of Key Statistics of Hard money lenders

Population:333.2 million
Median Household Income: $67,521 Unemployment Rate: 3.9%
Homes for Sale: 1.33 million
New Listings: 274,022
Median Days on Market: 43 days
Foreclosure Rate: 0.4%
Average Home Price: $403,714
Median Home Value: $357,589
Median Sale Price: $367,900 1-Year Appreciation Rate: 4.0%
Median Rent Price: $1,767
Price-to-Rent Ratio: 22.8
Home Sold Above List Price: 56%
Best Cities to Invest In: Austin, Texas; Nashville, Tennessee; Raleigh, North Carolina; Denver, Colorado; Atlanta, Georgia; Seattle, Washington

*This is a general overview of the US real estate market, and the market varies greatly across different regions and cities within the US. Speak to our team of experts before making any investment decisions.

How Hard Money New Construction Financing Works

Application

Begin by submitting an application outlining your new construction project, including details about the property, scope of work, and financing needs.

Property Assessment

Hard money lenders conduct a thorough assessment of the property and the proposed construction project. This assessment helps determine the feasibility and potential value of the property post-construction.

Approval

Upon completion of the assessment, the lender provides approval along with the terms of the loan. This includes details such as loan amount, interest rates, and repayment schedules.

Funds Disbursement

Once terms are agreed upon, the funds are disbursed promptly, allowing borrowers to commence their construction projects without unnecessary delays.

Why Choose Insula Capital Group?

At Insula Capital Group, we understand how crucial it is to have access to all of the financing tools available when building your dream home or commercial space. We don’t just want our clients to be able to get the financing they need; we want them to be able to do it quickly. And that’s why we offer hard money construction loans in the US because we know how much financing matters to you!

Real estate investors, property developers, and builders can look at a plot of land and visualize the building that deserves to be there. Insula Capital Group is here to make that visualization come to life with our new hard money construction loans. We offer an excellent source of capital at competitive rates to help experienced investors reach their financial goals even if they don’t have a massive portfolio of completed projects to back them up.

Our short-term hard money construction loan program is for the investor because it only requires you to have a maximum of three successful ground-up projects to qualify. When planning for a new construction project, you need to know that you’ve got all the resources you need to make it a success. Our experienced team can provide the expertise and guidance you need to ensure your project is financed properly.We’ll ensure all your paperwork is ready on time so you can focus on getting started on your project.

Frequently Asked Questions

What type of construction projects can I finance using hard money loans?

You can finance residential or commercial projects using our hard money new construction loans.

Will I have to pay any pre-payment penalties or junk fees?

No, there aren’t any junk fees or pre-payment penalties with our new construction loans.

Do I need any experience to apply for new construction loans?

Yes, you’ll need to complete three projects before applying for our construction loans.

How to apply for new construction loans?

You can use our online full application form to start your loan application process.

Direct Nationwide New Construction Loan

Source New Construction Loans Quickly and Completely!

We take pride in the fact that we have helped countless investors throughout the US secure their dream construction loans. Our goal is to ensure that every client gets top-of-the-line construction loan deals, and we work efficiently to help you achieve your financial requirements. When you select us for new construction loans, you won’t have to handle a long list of loan requirements. We provide loan approvals with minimal paperwork and our seamless approvals can ensure our clients don’t face any hassle when acquiring the cash for their projects. Our underwriting team and loan officers are always ready to guide you about your hard money loans. We’ve been a part of the US real estate lending industry for over thirty years and our extensive experience helps us draft customized new construction loan deals. Apart from new construction loans, we also offer fix & flip loans, residential rental loans, and multifamily/mixed-use loans. With our wide range of financing options, you can get adequate financing and invest in the US real estate market easily. So, what are you waiting for? Get in touch with our team for more details about our new construction loans in the US.