Contributing Author & Editorial Review
This article was authored and professionally reviewed to provide accurate, actionable financial insights.
GHC Funding
Contributing Author
Alyssa writes about real estate investing, debt-free strategies, and emerging trends in small business finance with a focus on practical insights.
Samantha Reyes
Senior Content Editor
Samantha specializes in editorial strategy, compliance review, and refining complex finance topics into accessible, reader-friendly guidance.
Construction & Renovation Highlights
- Financing for ground-up builds and major rehab projects.
- Works for SFR, small multifamily, and select mixed-use/commercial.
- Up to 85–90% of project costs and 70–75% of completed value (case-by-case).
- Interest-only during the build phase for improved cash flow.
Unlocking Opportunities: Navigating Construction Loan Lenders in Florida
Imagine being a small business owner in Miami, Florida. You have a vision for expanding your operations, but you need a new facility to accommodate growth. This was the situation for Sarah, owner of a thriving local bakery. She had the perfect plot of land in mind, but financing the construction seemed daunting. Like many Florida entrepreneurs, Sarah needed guidance on navigating construction loans.
Understanding Construction Loans
Construction loans are short-term, high-interest loans used to finance the building of a new structure. These loans are essential for business owners who want to expand or upgrade their facilities. Florida, with its booming real estate markets in cities like Orlando and Tampa, presents unique opportunities—and challenges—for securing these loans.
- Construction loans cover the cost of land, labor, and materials.
- They are typically replaced by a mortgage once construction is complete.
The Process Simplified
Securing a construction loan in Florida involves several key steps:
Need capital? GHC Funding offers flexible funding solutions to support your business growth or real estate projects. Discover fast, reliable financing options today!
⚡ Key Flexible Funding Options:
GHC Funding everages financing types that prioritize asset value and cash flow over lengthy financial history checks:
DSCR Rental Loan
- No tax returns required
- Qualify using rental income (DSCR-based)
- Fast closings ~3–4 weeks
SBA 7(a) Loan
- Lower down payments vs banks
- Long amortization improves cash flow
- Good if your business occupies 51%+
Bridge Loan
- Close quickly — move on opportunities
- Flexible underwriting
- Great for value-add or transitional assets
SBA 504 Loan
- Low fixed rates through CDC portion
- Great for construction, expansion, fixed assets
- Often lower down payment than bank loans
🌐 Learn More
For details on GHC Funding's specific products and to start an application, please visit our homepage:
- Finding a reliable lender who understands Florida’s market.
- Preparing a detailed construction plan and budget.
- Meeting the lender’s credit score requirements—usually a minimum of 680.
- Undergoing the approval process, which can take 30-60 days.
Florida’s diverse economic landscape means lenders often consider local market conditions, such as Miami’s vibrant tourism industry or Jacksonville’s growing tech sector, when assessing loan applications.
Common Mistakes to Avoid
Florida business owners often encounter pitfalls when applying for construction loans:
- Underestimating Costs: Unexpected expenses can derail projects.
- Lack of Documentation: Comprehensive plans and permits are essential.
- Ignoring Market Trends: Failing to account for local economic conditions can affect loan terms.
- Choosing the Wrong Lender: Not all lenders have experience with Florida’s unique market.
Case Study: A Success Story from Orlando
Consider the case of Marco, owner of a tech startup in Orlando. With guidance from GHC Funding, he secured a $500,000 construction loan to build a cutting-edge office space. By carefully planning and choosing a lender familiar with Orlando’s tech boom, Marco completed his project on time and within budget.
Frequently Asked Questions
Here are common questions from Florida business owners about construction loans:
- What is the interest rate for construction loans? Rates vary but are typically higher than traditional mortgages.
- Can I use a construction loan for renovation? Yes, many lenders offer options for significant renovations.
- What collateral is required? Usually, the land and future structure serve as collateral.
- How are funds disbursed? Funds are released in stages as construction progresses.
- Do I need a down payment? Yes, most lenders require 20-25% down.
- What if construction is delayed? Communicate with your lender to adjust the timeline and avoid penalties.
Get a Free Rate Today
Compare our top-rated commercial and investment property loan programs below.
- No income verification
- 30-year fixed | Interest-only available
- Great for rental properties + STR
- Fast approvals
- Working capital + business acquisition
- Up to $5M
- Low down payment
- Long-term financing
- Owner-occupied CRE
- Low fixed rates | 25-year terms
- Great for business expansion
- Refinance available
- Best for stabilized properties
- Competitive rates
- 12–25 year terms
- Lower fees than private lenders
Compare Loan Types
Find the Right Financing for Your Real Estate or Business Project
| Loan Type | Best For | Rates | Terms | Highlights | Apply |
|---|---|---|---|---|---|
| DSCR Loan | Rental properties (LTR & STR) | 5.99%+ | 30-year fixed, IO options | No income docs, fast approvals, great for investors | Check My Rate |
| Construction Loan | Ground-up, fix & build, major renovations | 8%–12% depending on scope | 12–24 months interest-only | Flexible draws, great for builders & developers | Get a Quote |
| SBA Loan | Business acquisition, working capital, CRE | Prime + spread | 10–25 years | Lowest down payments, long terms, best for business growth | See My Options |
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SBA Loans in Albuquerque for Small Businesses Now
Get 2026 SBA loans in Albuquerque. 7(a), 504, microloans & express loans. Compare rates, terms & lenders.
Read more →Contact GHC Funding Today
Are you ready to take the next step in your business journey? Contact GHC Funding to explore construction loan options tailored to your needs. Our team of experts is here to help Florida businesses like yours succeed.
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Get a No Obligation Quote Today.
Use these trusted resources to grow and manage your small business—then connect with GHC Funding
to explore financing options tailored to your needs.
GHC Funding helps entrepreneurs secure working capital, equipment financing, real estate loans,
and more—start your funding conversation today.
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