High-Leverage Mid-Construction Financing in the Hamptons by Insignia Capital Corp 

October 18, 2024 By Victoria Chuidian

Insignia Capital Corp (ICC) continues to demonstrate its unmatched expertise in securing high-leverage real estate financing, particularly for luxury properties in elite markets like the Hamptons, NY. Recently, ICC completed two standout mid-construction loans, highlighting their commitment to swift, tailored lending solutions for high-end real estate projects. 

In this case, a seasoned developer partnered with Todd William Harris of ICC to secure a $6.8 million loan for a 10,000 square-foot luxury home. What sets this deal apart? ICC closed the loan in just three weeks, providing an 18-month term for the developer to complete construction and market the upscale property—ensuring the project remained on schedule and poised for success. 

Further showcasing their agility, ICC followed up with an additional $4.5 million loan for the same developer, offering another 18-month term to support development completion and eventual sale for both of his projects. Under the leadership of Todd William Harris, Chief of Construction & Head of Originations at ICC, both financing packages were structured to maximize leverage while delivering on speed and flexibility—essential elements in today’s competitive luxury real estate market. 

As a key lender in the high-end real estate sector, ICC consistently provides tailored solutions that meet the complex needs of real estate investors and developers. From luxury single-family residences to large commercial projects, Insignia Capital Corp. excels in offering timely, customized loan structures that fuel success.  

Looking for high-leverage financing for your next luxury development? Contact us today to explore how ICC can help you achieve your real estate goals. 

 

Posted In  Success Stories
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