Miami construction loans
We review the site, budget, sponsor, draws, completed value, and requested loan.
Miami construction loans fail when a lender treats a ground-up project like a stabilized refinance. The questions are different: land basis, work in place, remaining hard costs, contingency, approvals, draw mechanics, timing, and what the asset is worth completed.
Matchpoint’s founding team includes decades of construction and development experience. Published examples include $8 million of ground-up financing for an 8,500-square-foot Surfside spec residence, closed in 20 days, and $72.5 million of Miami Beach acquisition and construction financing, closed in 30 days.
Ground-up construction
New builds where the current collateral and the completion plan have to be underwritten together.
Luxury spec homes
South Florida spec construction where a delayed draw can stall the project.
Commercial projects
Select commercial construction and completion facilities where the sponsor, budget, and exit are credible.
Land basis & hard costs
We look at what the sponsor actually has in the deal — land basis, costs incurred, remaining budget — not an optimistic spread to a future appraisal.
Draws
Disbursements follow verified progress. The facility has to keep pace with the build without ignoring remaining cost to complete.
Completed value
Exit value matters. It does not replace current collateral, remaining budget, or downside if the original plan changes.
Sponsor equity
Meaningful capital in the project creates alignment. Thin equity and aggressive completion assumptions are a common reason we decline.
Construction experience
Sponsor track record has to match the project’s complexity. We review a first time luxury spec builder differently from a repeat builder.
Details
We review current value, land basis, work completed, remaining budget, contingency, approvals, draw structure, timing, completed value, exit, and downside. That is the same framework on our underwriting page — applied to Miami construction.
Published transactions
Related markets
Questions
Yes. Matchpoint provides first-position construction financing for luxury spec homes and select commercial projects, with published closings in Surfside and a $72.5M Miami Beach acquisition and construction facility.
Have a deal?
Submit the property, loan request, and timing. A Matchpoint principal reviews it directly.