Ground-Up Construction
Construction Loans in Florida
Financing to build from the ground up. Milestone-based disbursements, interest only on drawn funds.
Draw Process
A construction loan works with a draw system: partial disbursements released as the project reaches predefined milestones. You only pay interest on the amount disbursed, optimizing your financing cost.
Draw Request
The builder requests a disbursement upon completing a construction milestone (foundation, framing, roof, etc.).
Inspection
An inspector verifies that the work was completed according to plans and standards.
Approval
Once progress is verified, the fund release is approved.
Disbursement
Funds are transferred to cover the costs of the next construction phase.
Project Phases
The 4 typical phases of a ground-up construction project in Florida
Land Acquisition
Month 1-2
You purchase the lot and we conduct due diligence: soil, survey, zoning.
Permits & Design
Month 2-6
Architectural plans, engineering, and municipal approval.
Construction
Month 6-18
From foundation to finishes with draws based on progress inspections.
Sale or Refinance
Month 18-24
Certificate of Occupancy, list on market or refinance into a DSCR loan.
Real Deal Example
Single-family home in Cape Coral — new construction
Cape Coral, FL — Lot + SFH 3/2 construction with pool
Typical Terms
Standard conditions for our construction loans in Florida
Term
12-24 months
Based on project scope
LTC
Up to 75%
Of total project cost
Rate
From 10%
Based on experience and project
Disbursement
Via draws
Interest only on amount used
Frequently Asked Questions
How do draws work?
Funds are disbursed in stages (foundation, framing, roof, etc.). Each draw requires a progress inspection before releasing funds. You only pay interest on the amount disbursed.
Can I build as a foreign national?
Yes, through a US LLC. No SSN or residency required. Many Latin American investors build in Florida using this structure.
What if construction is delayed?
Timelines include buffers. We can extend if there's reasonable justification. The key is communication and transparency about progress.
Can I refinance into a long-term loan when finished?
Yes, many builders refinance with a DSCR loan to keep the property as a rental. This is the build-to-rent strategy.
Do you only finance residential construction?
Primarily single-family and small multifamily (duplex, triplex, fourplex). For larger commercial projects, we evaluate on a case-by-case basis.
Have land or a construction project?
Let's talk about how to finance your build from the first draw to delivery.