📞 (877) 298-1001 · Mon-Sat 7am-9pm CT · Lending in Florida · NMLS #1734316
— CONSTRUCTION LOANS · MIAMI, FL

Construction in Miami
Up to 85% LTC. 24-Month Terms.

Miami real estate developers: ground-up construction financing for spec homes and investor projects. Up to 85% of total costs. Draw schedules aligned to milestones.

Check My Miami Rate →
9.50%
From Rate
85%
Max LTC
$5M
Max Loan
24 Months
Term

Construction Loans in Miami, FL — Key Facts for Builders

Why Miami Is a Strong Market for Construction Investors

Miami is an international market with constant inflow from Latin America, Europe, and domestic high-net-worth buyers. Tax-free Florida, warm weather, and post-pandemic remote work brought permanent migration. STR (short-term rental) is particularly strong — properties in Brickell, Wynwood, and Miami Beach generate significantly higher yields than traditional long-term rentals.

Median Price
$535,000
Citywide
Rental Yield
5.2%
Average gross
Appreciation
7.1%
YoY
Metro Pop
6.2M
Greater Miami

Active Miami Investor Neighborhoods

MIAMI

Wynwood

Active investor market with strong rental demand and construction activity.

MIAMI

Brickell

Active investor market with strong rental demand and construction activity.

MIAMI

Coconut Grove

Active investor market with strong rental demand and construction activity.

MIAMI

Coral Gables

Active investor market with strong rental demand and construction activity.

MIAMI

Little Havana

Active investor market with strong rental demand and construction activity.

We also fund investments throughout the greater Miami metro including Coral Gables, Doral, Pinecrest, Homestead, and Aventura.

Recent Miami Closings

SFR Spec Build · Wynwood
$642K Construction Loan
Closed
85% LTC · 18-month term · 5 draws · experienced builder · closed in 21 days
Duplex New Build · Brickell
$856K Construction Loan
Closed
80% LTC · 24-month term · 6 draws · took out with DSCR refi at CO
Infill Development · Coconut Grove
$1177K Construction Loan
Closed
82% LTC · 24-month term · 7 draws · 3-lot subdivision · closed in 30 days

Key Considerations for Miami Investors

Permit and approval timelines

Miami permitting varies by submarket — 30-60 days in some areas, 4-6 months in others. Include in budget.

Builder qualifications

Miami construction lenders favor experienced builders. First-time builders qualify with GC partnership.

Draw schedule structure

Typical Miami draws: 10-15% at closing, 5-7 draws during construction, 10% at CO. Inspections required.

Take-out financing

Construction loans must be refinanced at completion. Plan take-out: 30-year DSCR for rentals, traditional for sales. Miami's strong market makes take-outs reliable.

Frequently Asked Questions — Miami Construction

What's the maximum LTC on a Miami construction loan?

Up to 85% LTC. First-time builders may be capped at 75-80%. Experienced builders access 85%+ reliably.

Do I need to be an experienced builder for a Miami construction loan?

First-time builders can qualify with a GC partnership, strong subs, and adequate reserves.

How does the Miami draw schedule work?

10-15% at closing (lot + permits), 5-7 milestone draws during construction, 10% at CO. Each requires inspection.

What's the typical construction loan term in Miami?

Construction loans in Miami run 12-24 months. Most spec builds complete in 9-14 months.

What permits do I need in Miami before closing?

Most lenders require permits in-hand or at final approval before funding vertical construction.

Can I use a construction loan for a Miami rental property build?

Yes. Build-to-rent is strong in Miami. Close with construction loan, build, take out with 30-year DSCR at CO.

What credit score is needed for a Miami construction loan?

Most programs require 680+ FICO. Strongest pricing at 720+.

What loan amounts are available for Miami construction?

Construction loans in Miami range from $250K to $5M+. Most SFR spec builds fall in $300K-$800K.

Related Miami Loan Programs

DSCR Loans in Miami → Fix & Flip in Miami → Bridge in Miami → Construction in Florida →

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