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Construction loans in Miami
Building a home to sell or rent in Miami? We fund 90% of your lot and build budget, and you do not need to have built before.
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Estimate only. Loan amount is 90% of lot price plus build budget. Business-purpose loans on investment property, not homes you will live in.
Ground up construction loans in Miami
We make new construction loans to investors building homes in Miami as investment property: single-family homes and 2 to 4 unit buildings, built to sell or rent. One loan covers the lot and the build.
| Deal | Amount |
|---|---|
| Lot price | $120,000 |
| Build budget | $480,000 |
| Total cost | $600,000 |
| We fund 90% | $540,000 |
| Sale price when finished | $820,000 |
| You bring (10%) | $60,000 |
Building in Miami: what to know
Miami-Dade County sits in Florida's High Velocity Hurricane Zone, which sets stricter requirements for windows, doors and roofing. Budget for those products from the start, and check whether the lot is in a flood zone, which affects both how you build and what insurance costs.
Before you buy the lot
- Check the lot's flood zone and the insurance it will need
- Get plans and a line-item budget priced to Florida wind requirements
- Check recent sales of new homes nearby to set your sale price
See all Florida construction loans.
Questions builders ask
Straight answers about construction loans in Miami.
Do you make construction loans in Miami?
Yes. We make ground up construction loans on investment homes in Miami.
How much of my build do you fund?
We fund 90% of your total cost: the lot price plus the build budget. You bring the other 10%.
Do I need building experience?
No. We lend to first-time builders with no completed projects, as well as to experienced builders.
How is the build budget paid out?
In draws. As each stage of the build is completed, the work is inspected and that stage's money is released.
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