Florida · Multifamily
Florida multifamily financing.
Bridge, construction, renovation, and stabilized debt for apartment buildings across Miami, Orlando, Tampa, Jacksonville, and Fort Lauderdale. $1M to $5M, business-purpose, all asset classes from 5-unit walk-ups to 300+ unit communities.
By David Hodara ·
5+
Active metros
$1M-$5M
Loan range
24-48h
Term sheet
7-10 days
Typical bridge close
Florida multifamily market context
Florida is the largest multifamily market in the Sun Belt and one of the most active CRE markets in the country. Net domestic migration into the state has driven sustained rent growth and absorption across Miami, Orlando, Tampa, and Jacksonville. The combination of no state income tax, strong job growth, and population inflow continues to make Florida multifamily one of the most heavily-financed asset classes nationally.
Underwriting in Florida multifamily focuses on insurance cost (a 30-50% line item driver after recent reinsurance market dislocation), 1% cap rate decompression vs. national, and rent growth normalization off the 2022-2024 peak. Lenders increasingly stress-test insurance assumptions and require updated quotes mid-process.
Typical loan products for Florida multifamily
Each deal gets routed to the product structure that fits. Most multifamily deals in Florida use one of the following.
Bridge loans
Short-term financing to acquire, reposition, or stabilize an apartment building before refinancing into permanent debt. 7-10 day close, 8-12% IO, up to 80% LTV.
Construction loans
Ground-up multifamily development financing with draw schedule tied to milestones. Up to 85% LTC, 12-24 month terms.
Renovation loans
Acquisition + rehab in a single facility for value-add multifamily. Up to 90% of purchase price and 100% of rehab cost.
Buying Florida multifamily from outside the US
We finance multifamily in Florida for investors based outside the United States as readily as for US borrowers. The loan is made to a US LLC rather than to an individual, which keeps it business-purpose, and the underwriting looks at the property rather than at a US credit profile a non-resident has no way to build.
That means no US credit history, no US income documents, no foreign-national rate premium, and no requirement to travel to the United States to close. If you do not yet have the entity, forming one is a step in the process rather than a prerequisite you have to solve alone.
Top Florida markets we actively fund
We work multifamily deals across Florida, with deepest lender relationships in the metros below.
Florida multifamily FAQ
How does Florida insurance cost affect multifamily underwriting?
Insurance has become one of the biggest underwriting inputs in Florida multifamily. Lenders typically require a current quote (not last year's renewal) and stress-test for renewal increases of 20-40%. On Class B and C properties in coastal counties, insurance can run 15-25% of operating expenses, materially affecting DSCR at exit.
What's the typical bridge loan close timeline in Florida?
7-10 business days on clean files. The main slippage points are hurricane-zone insurance binding (can add 3-5 days), Phase I environmental in older urban submarkets, and condo association documents on conversion deals.
Which Florida metros are most active for multifamily financing?
Miami-Fort Lauderdale-West Palm Beach corridor (largest deal volume), Orlando (highest absorption), Tampa (best yield), Jacksonville (growth market). Each has slightly different lender preferences on Class B vs Class A and on stabilized vs value-add.
Are there state-specific licensing requirements?
No, business-purpose CRE financing in Florida does not require state lending licenses. Multifamily acquisition, refinance, and construction loans for properties held in entity structures are not subject to consumer mortgage regulations.
Can a foreign national finance multifamily in Florida?
Yes. We lend to a US LLC rather than to an individual, and we underwrite the property rather than a US credit profile, so a non-resident with no US credit history and no US income documents can borrow on the same terms a US borrower receives. There is no foreign-national rate premium, and you do not have to travel to the United States to close. The structure is the same in Florida as in every other state.
Got a Florida multifamily deal? Send it over.
Term sheet inside 48 hours, or a fast no so you can move on. Business-purpose CRE financing only.