Loan Scenario:

When an experienced builder came to American Heritage Lending to refinance a ground-up project in Palm Bay, the goal was simple: replace short-term capital with a clean, single-close construction facility and keep every dollar working toward the finish line. This borrower was no newcomer, having already taken three ground-up builds from dirt to a successful sale earlier in 2026, and that track record let us structure the deal with confidence. We financed the project against a $335,000 after-construction value with a $234,500 loan, landing at 87.28% loan-to-cost and a comfortable 70% loan-to-ARV, all on a 12-month interest-only term. Just as importantly, we closed it as a construction loan structured as a True Zero Point loan, so the builder paid no points to put the funds in place.

Palm Bay sits on Florida’s Space Coast in Brevard County, one of the fastest-growing corners of the state as aerospace, defense, and tech employers continue to expand around the Melbourne metro. Steady in-migration and a persistent shortage of newer single-family inventory make well-built detached homes an attractive exit for builders who can deliver quality product on time. With the slab, block, mechanicals, and site work already scoped from plans through final cleaning, this project was positioned to meet that demand head-on. For builders looking to do the same across the state, our Florida construction programs are built to move at the speed of the market, and getting started begins with simple financing pre-qualification.

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