Commercial Construction Loan in Miami, FL
Ground-up & renovation projects
Multi-draw financing aligned to your construction schedule with interest-only periods during the build phase - sized for Miami mixed-use, hospitality and Brickell condo retail builds.
- Up to 80% LTC
- 12-36 month terms
- Convertible to permanent financing
Commercial Construction Loan for Miami businesses
Commercial construction loans fund the ground up development, major renovation and adaptive reuse projects that have reshaped Miami's skyline and its industrial corridors. In Miami they support mid-rise residential in Edgewater, Midtown and Little River, hospitality projects in Brickell, South Beach and Coconut Grove, mixed use developments along the Metrorail and Brightline corridors, and light industrial buildouts in Doral, Medley and Hialeah. The borrowers range from family developers building their second or third townhome project to established sponsors delivering hotel conversions and warehouse expansions for logistics tenants. The product covers vertical construction, sitework, tenant improvements and FF and E packages tied to a completed shell.
Structure is the heart of construction lending. Loan to cost typically lands between sixty and seventy-five percent depending on sponsor strength and asset class, with interest reserves built into the budget and monthly draws administered against a sworn statement and inspector reports. Pricing floats over a benchmark with spreads that reflect lease-up risk, market depth and sponsor experience. SBA 504 can finance owner-occupied construction for businesses building their own facility, which is common for Doral and Medley industrial owner-users. Conventional bank construction loans handle larger sponsor projects, often with mini-perm options that roll into permanent financing on stabilization. Underwriting looks at GC qualifications, fixed price versus GMP contracts, hurricane code compliance, FEMA flood elevation, and the realistic absorption schedule for the submarket.
The pitfalls in Miami construction are not subtle. Cost overruns on materials and labor have been a persistent reality, hurricane season pushes schedules, and condo and hotel absorption can shift quickly when Latin American buyer demand fluctuates. Insurance, particularly builders risk and post-stabilization property coverage, has gotten markedly more expensive and needs to be modeled honestly. Alternatives include bridge loans for partially complete projects, mezzanine debt for sponsors short on equity, and SBA 504 when the building is going to be owner occupied. Bilingual project management is standard on Miami jobsites and subcontractor coordination in Spanish and Creole is a practical operating requirement rather than a nicety, particularly on the Doral and Hialeah industrial side.
Every Briarcliff Advances application runs through Florida-licensed lenders. We do one soft credit pull, present the matching offers, and let you choose. No fee until close.
Commercial Construction Loan by Miami neighborhood
Get a page tailored to your specific neighborhood or adjacent city.