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Construction loans in Florida for new builders
Building a home to sell or rent in Florida? 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.
Florida construction loans for investors
We make ground up construction loans in Florida to investors building homes as investment property. One loan covers the lot and the build, and the build budget is released in draws as each stage is finished.
| Deal | Amount |
|---|---|
| Lot price | $80,000 |
| Build budget | $320,000 |
| Total cost | $400,000 |
| We fund 90% | $360,000 |
| Sale price when finished | $560,000 |
| You bring (10%) | $40,000 |
Building in Florida: plan for these
- Insurance: builder's risk during construction, and plan for wind and flood coverage where the lot requires it
- Permits: county and city permit timelines vary, so build them into your schedule
- Your 10%: plus closing costs and reserves while you build and sell
Questions builders ask
Straight answers about construction loans in Florida.
Do you lend in Florida?
Yes. We make ground up construction loans on investment homes in Florida.
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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