Recently Funded Ground-Up Construction Loan In Homosassa, Florida
Loan Scenario:
A first-time builder leaned on a vetted general contractor and American Heritage Lending to finance a ground-up, two-unit project in Homosassa, Florida, and we structured a construction loan to carry the build from the dirt up. With land valued at $38,600 and a detailed $384,927 construction budget — covering engineered plans, county permitting, site work, grading and the full vertical build — the project is slated to reach a $517,800 after-construction value. We funded $335,153 at 79.81% loan-to-cost and a conservative 64.73% loan-to-after-repair-value on a 12-month interest-only term, releasing funds through a structured draw schedule as each phase was completed. Pairing a borrower new to construction with an experienced, pre-approved GC let us support the deal with confidence.
Homosassa sits along Florida’s Nature Coast in Citrus County, a Gulf-side community known for its spring-fed waterways and growing appeal among buyers seeking value outside the state’s pricier coastal metros. New, purpose-built housing is in short supply here, which positions a freshly completed two-unit property well for the borrower’s planned sale. This project highlights how the right Florida construction structure can bring new inventory to an underbuilt market. Planning a build of your own? Explore financing with our team.
Similar Recently Funded Case Studies: Ground-Up Construction Loan in Miami, FL • Ground-Up Construction Loan in Palm Bay, FL • Ground-Up Construction Loan in Los Angeles, CA
Key Deal Points
| Address | Homosassa, FL |
| Loan Type | Ground Up Construction – Refinance |
| Borrower Profile | No Experience |
| Property Type | 2 Units |
| Land Price | $38,600 |
| Construction Budget | $384,927 |
| After Construction Value | $517,800 |
| Loan Amount | $335,153 |
| LTC | 79.81% |
| LTARV | 64.73% |
| Term | 12-Month Interest-Only |
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