Construction Loans
iFinance Florida
Why Builders and Developers Choose iFinance Florida for Construction Financing
At iFinance Florida, we make construction financing simple, strategic, and fast. Whether you’re building your dream home, developing a spec property, or constructing a multifamily project, our team specializes in structuring construction loans that align with your project goals, timeline, and capital needs. With a network of traditional and private construction lenders, we provide creative solutions for both residential and commercial builds.
What Is a Construction Loan?
A construction loan is a short-term loan used to finance the cost of building or renovating a property. These funds are typically released in phases, known as “draws,” based on project milestones. Once construction is complete, the loan can either be paid off through a sale or refinanced into a long-term mortgage. Construction loans can be used for ground-up builds, major remodels, or additions.
Who Qualifies for a Construction Loan?
Borrowers include homeowners, builders, real estate investors, and developers. Depending on the loan type and lender, qualifications may include credit score (typically 680+), detailed construction plans, permits, contractor agreements, and a minimum down payment of 20–25%. Some lenders also require a post-construction appraisal based on the property’s future value.
Why Choose a Construction Loan?
Traditional mortgages aren’t designed for properties that don’t yet exist. Construction loans bridge the funding gap from raw land or tear-down to completed structure. With flexible draw schedules, interest-only payments during the build phase, and tailored timelines, they allow you to bring your vision to life without depleting personal cash reserves.
We Finance the Build—and the Strategy Behind It
At iFinance Florida, we go beyond loan approvals. We help you align your budget, builder, and timeline to match lender expectations and avoid delays. Whether you’re an investor building a duplex or a homeowner starting from the ground up, we structure the loan for optimal leverage and long-term value.
Ready to break ground with confidence?
Schedule a construction loan consultation today. We’ll help you fund your build, manage your draws, and transition seamlessly into permanent financing when the time comes.
Key Features and Benefits:
- Short-Term Financing: Provides temporary funding for construction costs, typically covering the duration of the building phase.
- Interest-Only Payments: Allows borrowers to make interest-only payments during construction, minimizing upfront financial burden until the project is complete.
- Draw Schedule: Funds are disbursed in stages aligned with project milestones, ensuring resources are available as needed while managing risk.
- Seamless Transition to Permanent Loan: Once construction is complete, the loan can convert into a permanent mortgage or be refinanced, streamlining the long-term financing process.
At iFinance Florida, we are dedicated to making your construction project a success. Let us help you build with confidence and efficiency through our tailored Construction Loan solutions.