Ground-up construction loans in Florida.
Banks want a buyer and your W-2 before they’ll build. We finance spec and build-to-rent on the project itself — land plus vertical, by draw.
Price your build
Ground-up financing for spec and build-to-rent — land plus construction, by draw.
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Or call (800) 826-5077 · Equal Housing Lender
Yes — investors and builders can finance ground-up construction in Florida. We fund land plus vertical on a draw schedule, up to ~85% of cost and ~75% of completed (ARV) value, with interest only on what you’ve drawn. Banks mostly lend on pre-sold or owner-occupied builds; we finance spec and build-to-rent, closed in an LLC, with an exit to sale or a DSCR refinance.
- Loan-to-cost
- up to ~85%
- Loan-to-ARV
- up to ~75%
- Term
- 12–18 mo
- Draws
- by inspection
- Exit
- sale or DSCR
- Close in
- An LLC
Finance the build, not just the lot
Ground-up construction loans fund land plus vertical construction on a draw schedule, with interest only on what you’ve drawn.
Spec homes
Build single-family or luxury spec to sell — financing for land, materials, and labor.
Build-to-rent
Construct rentals and exit into a DSCR loan that qualifies on the rent.
Infill & teardown
Tear-down/rebuild and infill lots in established neighborhoods.
Small multifamily
Duplex to small multifamily ground-up for rent or sale.
Build-to-sell portfolios
Multiple-home spec programs for active builders.
Land + vertical
One loan covering lot acquisition and construction draws.
Investor construction vs. a bank build loan
Banks want a buyer and your W-2 first. We underwrite the project, the ARV, and your plan.
| What matters | A bank or credit union | Cambridge construction (broker + lender) |
|---|---|---|
| Who they build for | Owner-occupants / presold | Investors & spec builders |
| Spec (no buyer yet) | Usually declined | Core business |
| Approval basis | Your income & DTI | Project cost, ARV & experience |
| Leverage | Conservative | Up to ~85% of cost / 75% ARV |
| Draw speed | Slow committees | Fast inspection-based draws |
| Close in an LLC | Often blocked | Standard |
| Exit flexibility | Rigid | Sell or refinance to DSCR |
Reflects conventional vs. investor/spec construction lending. Subject to plans, budget, experience, and underwriting.
Construction terms at a glance
| Item | Typical | Notes |
|---|---|---|
| Loan-to-cost | up to ~85% | Land + hard/soft costs |
| Loan-to-ARV | up to ~75% | Of completed value |
| Term | 12–18 mo | Interest-only on drawn balance |
| Draws | by inspection | Released as stages complete |
| Experience | preferred | Stronger terms for track record |
| Rates / points | from ~10% + pts | Priced to project & risk |
| Exit | sale or DSCR | Refinance to a 30-yr rental loan |
Illustrative 2026 ranges; leverage, rate, and points depend on plans, budget, experience, and exit. Investment properties only. Subject to approval.
From lot to certificate of occupancy
Send plans & budget
Lot, plans, scope, budget, and exit — we size leverage fast.
Term sheet & appraisal
We confirm cost and completed (ARV) value and issue terms.
Close on land + loan
Fund land and the construction facility in an LLC.
Draw as you build
Reimbursements released by inspection; interest only on drawn funds.
Exit
Sell the finished home or refinance into a DSCR rental loan.
Construction loan questions
Can I finance ground-up construction in Florida as an investor?+
How much of the cost can you finance?+
How do construction draws work?+
What’s the term and how do I exit?+
Do I need building experience?+
Can I close in an LLC?+
Build it — we’ll fund the dirt and the vertical.
Talk to a construction lender who finances spec and build-to-rent. No pre-sale required, no call center — just leverage and fast draws.
Cambridge Home Loan — ground-up construction financing across Florida for non-owner-occupied investment properties only. Cambridge Home Loan, NMLS #1826020. Terms, rates, points, and eligibility are illustrative and current as of June 2026, subject to credit approval, property eligibility, and underwriting, and are not a commitment to lend. This is not financial, tax, or legal advice. Equal Housing Lender.
Call (800) 826-5077