Loan Scenario:

An investor new to ground-up development came to American Heritage Lending with a plan to build a two-unit property from the ground up in Miami, and we structured a construction loan that let the vision take shape. With a land basis of $417,000 and a construction budget of $625,000, the project carries an after-construction value of $1,100,000, and our $715,000 loan funded at 84.12% loan-to-cost against a conservative 65% loan-to-ARV. The 12-month interest-only term gives the borrower the runway to complete two finished units and pursue a clean sale at stabilization.

Miami remains one of the most supply-constrained rental markets in the Southeast, where limited buildable land and steady in-migration keep demand for new, well-built units high. A ground-up two-unit in this market positions the borrower to deliver exactly the kind of modern inventory that renters and buyers are competing for, supporting the projected exit value.

This closing is a strong example of how a first-time builder can access institutional-grade Florida construction capital when the fundamentals line up. If you are planning a build of your own, our team can help you structure the right financing from land acquisition through completion.

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