Construction Loans in Miami, FL
Financing for new construction projects, including ground-up development, renovations, and additions. Provides funds in draws as construction progresses, with flexible terms for builders and developers.
Loan Range
$200,000 – $10,000,000
Rate
11.5%
LTV
65%
Term
18 mo
Ideal For
3 borrower types
Construction loans from Hard Money Lenders of Miami fund ground-up builds, major renovations, and additions. Our draw-based structure releases capital as milestones are met, foundation, framing, mechanicals, final, so you're not paying interest on capital you haven't used. We fund residential and commercial projects throughout Miami-Dade.
We work with qualified general contractors and evaluate each project on feasibility. First-time developers with solid plans can qualify. Construction terms typically run 12-18 months, with flexibility for larger or more complex projects.
Miami development requires speed. Permits, contractor schedules, and market windows don't align with traditional bank underwriting. We typically close in 7-14 days and inspect progress at each draw milestone.
What to Expect
Draw-based: foundation, framing, mechanicals, final. Interest accrues on drawn amounts only.
Ground-up, major renovation, and additions. Qualified GC required.
Terms typically 12-18 months. First-time developers with solid plans can qualify.
We fund in 7-14 days and inspect at each milestone.
Typical Use Cases
Construction Loans work well for these scenarios. We tailor terms to your specific Miami project and timeline.
- , New construction
- , Ground-up development
- , Major renovations
- , Additions and expansions
- , Property redevelopment
Requirements
- , Construction plans
- , Permits and approvals
- , Builder qualifications
- , Budget breakdown
Pros
- +Draw-based funding
- +Flexible terms
- +Project-specific financing
- +Expert support
Cons
- −Higher rates
- −Complex process
- −Requires detailed plans
- −Draw monitoring
Ideal For
Why Choose Hard Money Lenders of Miami for Construction Loans?
- , 24-48 hour approval process, Miami deals don't wait
- , Asset-based lending, property value drives approval, not just credit
- , Loan amounts from $200,000 to $10,000,000
- , Terms from 6 to 18 months, flexible for your timeline
- , No prepayment penalties, exit when it makes sense
- , Local Miami expertise, we know the market
How It Works
- 1Apply, Call us at 305-928-2678 or submit our contact form with your property details.
- 2Get Approved, We review your deal and typically respond within 24-48 hours with terms.
- 3Close, We fund in 7-10 days. You get the capital you need to close your Miami deal.
Construction Loans at a Glance
Frequently Asked Questions
Do you fund ground-up construction in Miami?
Yes. We offer construction loans for ground-up builds, major renovations, and additions throughout Miami-Dade County.
How does the draw process work?
Funds are released in draws as construction milestones are met. We work with your builder and inspect progress before each disbursement.
What if I have no construction experience?
We fund projects for experienced and first-time developers. A qualified general contractor and solid plans are key.
What's the typical construction loan term?
Construction terms typically run 12-18 months. We can extend for larger or more complex Miami projects.
Do I pay interest on the full loan amount?
No. Interest accrues on drawn amounts only. You're not paying on capital you haven't used yet.
What property types qualify?
Single-family, townhome, small multifamily, and commercial construction. We fund ground-up and major renovations.
Property Types We Finance
Get Started
Ready to apply for Construction Loans? Contact us today for a quick quote.
Apply NowCall 305-928-2678*Not available in all states, certain restrictions regarding population. Certain credit and experience requirements for max leverage.
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