Multifamily Construction in Miami, FL
Miami multifamily construction has rebounded after a soft 2022–2023, with Edgewater, Wynwood Norte, Little River, Allapattah, and Doral leading new starts. Brickell and downtown remain active for condo-conversion plays. Capital depth here is exceptional — Latin American family offices, New York debt funds, and local private lenders all compete for sponsor relationships. We arrange mezzanine debt and preferred equity alongside bank and debt-fund lenders to bring sponsors to 80–85% capitalized basis.
Miami Developer Market
Miami-Dade construction lending is its own ecosystem. Land basis east of the turnpike makes single-family spec increasingly rare; the active product is condo and multifamily mid-rise/high-rise in Brickell, Edgewater, Wynwood, and Coconut Grove, plus production single-family in Homestead, Cutler Bay, and the southern Dade corridor.
Capital depth in Miami is unmatched in the Southeast — Latin American family offices, New York debt funds, and local private lenders all compete for sponsor relationships. That depth comes with higher land basis and longer entitlement cycles, so deal economics depend on getting capital structure right at acquisition.
Multifamily permits have led the metro for three consecutive years, concentrated in Edgewater, Wynwood Norte, Little River, and Allapattah. Single-family permits are now dominated by South Dade (Homestead, Cutler Bay) and the western suburbs (Doral, Westchester). Condo construction is rebounding after a soft 2022–2023.
Senior construction lending is available but priced wide compared to Sun Belt peers — Miami's pricing premium reflects both insurance cost inflation and longer absorption assumptions on luxury product. Capital stacks routinely combine bank senior with mezz and pref equity to hit 80% capitalized basis.
Miami Submarkets We Place In
Multifamily Construction Program Terms
Representative Miami Deal
280-unit podium multifamily in Edgewater. Layered capital stack to 82% capitalized basis, non-recourse senior with completion guaranty.
Frequently Asked Questions
Questions builders and developers ask about multifamily construction loans in Miami.
Senior construction debt typically sizes to 55–65% LTC at banks and debt funds in Miami, reflecting insurance cost and longer absorption assumptions. Layered with mezz and pref equity, sponsors reach 80–85% capitalized basis. Miami pricing typically runs 50–100 bps wider than peer Sun Belt markets for comparable product.
Other Developer Programs in Miami
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