Construction Loans in Miami, FL — Financing for Builders and Developers

Construction Loan Financing in Miami-Dade County

Miami's construction market is active — from teardown/infill projects in Coral Gables and Coconut Grove to new spec homes in Miami-Dade County. Construction loans are structured differently from traditional mortgages: funds are drawn in stages as construction progresses, and you typically pay interest only on the drawn balance during the build period. At Belpash Mortgage, we work with builders and developers who understand the South Florida market and need a lender who understands it too.

Types of Construction Loans We Offer

We offer several construction financing structures depending on your project type, timeline, and exit strategy.

• Ground-up construction loans — for new residential builds from foundation to completion
• Build-to-rent loans — for investors building single-family or multifamily rentals
• Spec home loans — for builders constructing homes for resale
• Bridge loans — for completed inventory awaiting sale or permanent financing
• Construction-to-permanent loans — converts to a long-term mortgage at completion

Construction Loan vs. Traditional Mortgage: What's the Difference?

A traditional mortgage is used to purchase an existing home. A construction loan provides funds in draws as your project is built — you only pay interest on what has been drawn. Once construction is complete, the loan is either paid off (typically through a sale or refinance) or converted to a permanent mortgage. Construction loans typically have shorter terms (12–24 months) and require a detailed project plan, budget, and licensed contractor. Speak with a licensed mortgage professional to understand which structure fits your project.