Ground-up construction is one of the highest-margin plays in Florida right now, especially in fast-growing Miami, Orlando, Tampa submarkets. G Elite Capital's Florida new construction loan funds up to 90% of land + 100% of vertical costs for spec builders and small developers — with a draw schedule tuned to actual Florida permit timelines.
Miami, Orlando, Tampa, Jacksonville, Fort Lauderdale, West Palm Beach, and every other Florida market.
No, but you must use a licensed general contractor for the vertical build. Florida permit and inspection compliance is handled by the GC on record.
We fund on a milestone draw schedule — typically 4–6 draws from foundation through CO. Each draw is released within 24–48 hours of a passing Florida inspection.
Yes — spec builds in Florida suburban and exurban submarkets are our sweet spot. We look at absorption rates and comparable new-construction sales to size the loan.
You can list the home for sale, or roll into our 30-year DSCR loan at CO to hold as a long-term rental. Many Florida builders now rent one out of every three spec homes.