Farmingville, NY – To be dated: Hard money loans have become a reliable source of funding for a variety of real estate investment projects. While they were primarily used to fund fix and flip projects, they are now also used for new construction projects. Insula Capital Group is a leading private money lending company that has a built a strong reputation in the United States for its versatile lending solutions for new construction projects.
Hard money loans have grown in popularity over the last few years for real estate developers. Discussing this, a spokesperson for the firm stated, “Hard money loans don’t look at the borrower’s past credit, but rather their plans for the future. Instead of employment and credit history, we use the property as collateral to ensure fast and efficient loans. Most borrowers get approval within 24 hours of submitting their application. The most thorough the application, the higher the chances of approval and accurate pricing before the terms are finalized.”

Although most hard money lenders only offer short-term lending, Insula Capital Group also offers long-term financing solutions for up to 30 years at competitive rates. This allows borrowers to access a tailored plan that meets their needs more closely. Currently, the company offers long-term financing for multifamily mixed-use properties and no-income, no-asset check loans on rental properties.

“At Insula Capital Group,” he continued, “we want to become the premier nationwide private lender & real estate investment company. That’s why we’re continuously improving our services to ensure that the needs of all types of real estate borrowers are met. Our focus on great customer service and tailored services are a testament to this.”

Another attractive feature is that the company has a no-penalty policy on pre-payment. This means that if borrowers want to pay the balance before the end of the fixed term, they don’t have to worry about paying penalties.

For more information, interested readers can reach out to the firm using the information provided below.

About the Company

Insula Capital Group is a leading private money lending company based in Farmingville, New York. The company offers long-term rental financing and tailored property financing options for single-family homes, multifamily buildings, and new construction projects. Led by a team of finance and real estate experts, the company prides itself on providing fast and flexible hard money solutions to property investors and borrowers across the United States.