Commercial Real Estate Loans in Florida

Quick answer: Commercial Lending Solutions arranges commercial real estate loans across Florida from $1 million to over $100 million, spanning 40 loan programs and every major property type. We maintain dedicated market coverage for 12 Florida metros, including Cape Coral and Daytona Beach. Below: how Florida's foreclosure process, recording taxes, and regulatory climate shape the loan terms lenders will offer here.

Florida is one of the three largest commercial real estate financing markets in the country, and it is the one where national capital has chased population growth hardest over the past decade. Commercial Lending Solutions arranges commercial real estate loans across the full state: the South Florida tri-county markets of Miami, Fort Lauderdale, and West Palm Beach, the I-4 corridor through Tampa, Lakeland, Orlando, and Daytona Beach, Jacksonville in the northeast, the Gulf Coast markets of Sarasota, Fort Myers, and Cape Coral, and Pensacola in the Panhandle. The demand drivers are unusually diverse for a Sun Belt state. PortMiami and Port Everglades anchor trade and cruise economies, Brickell has absorbed a genuine migration of finance and investment firms from the Northeast, Disney World and Universal keep Orlando the most visited destination market in America, JAXPORT and the naval installations in Jacksonville and Pensacola underpin steady logistics and defense employment, and the Lakeland stretch of I-4 has become one of the busiest big-box distribution corridors in the Southeast.

For borrowers, Florida's depth cuts both ways. Every national lender wants exposure here, so well-packaged multifamily and industrial deals see real competition, but insurance costs and a judicial foreclosure regime mean underwriting is more conservative than the headline enthusiasm suggests. CLS CRE's job in Florida is matching the deal to capital that has already made peace with the state's insurance math, because that lender quotes tighter and closes faster than one discovering the problem in diligence.

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What Lenders Underwrite in Florida

Foreclosure Process
Judicial
Mortgage Recording Tax
0.35% doc stamp + 0.2% intangible
Markets Covered
12 metros
Loan Range
$1M to $100M+

Foreclosure and Lender Appetite

Florida foreclosures run through the courts and a contested commercial case can take a year or more, so lenders price the longer recovery timeline into spreads and leverage. The market's depth compensates: enough capital wants Florida collateral that well-structured deals still clear at competitive terms.

Recording Taxes and Closing Costs

Florida charges a documentary stamp tax of $0.35 per $100 of mortgage plus a nonrecurring intangible tax of 0.2% on the mortgage amount, roughly 0.55% combined at closing, a real line item borrowers should budget on every financing.

Insurance is the underwriting story in Florida. Windstorm and flood premiums have repriced sharply, and lenders now stress insurance costs directly in DSCR sizing, especially on coastal and older product. On the condo side, the post-Surfside SB 4-D regime requires milestone structural inspections and funded structural integrity reserve studies for buildings three stories and up, and lenders scrutinize older coastal condominium collateral hard, with some capital sources avoiding it outright. None of this closes the market, but it decides which lender you approach first, and a broker who knows which balance sheets have already priced Florida insurance saves borrowers weeks.

Key Commercial Real Estate Sectors in Florida

Multifamily

Population growth keeps agency lenders, banks, and bridge capital competing for apartment deals from Miami to Jacksonville. Suburban Tampa, Orlando, and the Fort Myers to Cape Coral corridor see steady value-add and new-construction lease-up financings.

Industrial and Logistics

The I-4 corridor through Lakeland is one of the Southeast's dominant distribution markets, and port-driven demand around Miami, Fort Lauderdale, and Jacksonville keeps infill industrial tightly held and well financed.

Hospitality

Orlando's theme park economy, Miami's international visitation, and beach markets from Daytona Beach to Sarasota support a deep bench of hotel lenders, with bridge debt active on renovations, flag changes, and repositionings.

Retail

Florida retail is among the healthiest in the nation, carried by migration and tourism spending. Grocery-anchored centers across the state finance readily with banks and life insurance companies.

Regulatory Environment

Florida is structurally landlord-friendly: no state income tax, statewide preemption of local rent control, and an entitlement climate that is fast by national standards. The 2023 Live Local Act added property tax incentives and zoning preemptions for qualifying affordable and workforce housing, and construction lenders have followed those projects closely. The counterweight is the property insurance market, where availability and cost have become the binding constraint on underwriting, and the SB 4-D condominium regime, which imposes milestone inspections and structural reserve funding on aging coastal buildings. Borrowers holding older condo or coastal assets should expect lenders to ask for inspection reports and reserve studies up front.

Which Lenders Are Active in Florida

Every capital source is active in Florida. Agency lenders dominate stabilized multifamily, life insurance companies pursue industrial and grocery-anchored retail, money-center and regional banks compete on stabilized assets for strong sponsors, and Florida supports one of the country's deepest debt fund and bridge lending benches for value-add, construction, and condo deal profiles that banks decline. The differentiator is insurance sophistication: lenders that have built Florida-specific insurance underwriting quote faster and retrade less, and routing a deal to them first is half the placement battle.

Loan Programs Available in Florida

Every CLS CRE loan program is available for Florida properties. Explore program details, typical terms, and lender sources.

Florida Closed Transactions

A selection of commercial loans arranged in Florida and comparable markets.

Commercial Real Estate Lending in Florida: FAQ

Florida lenders must foreclose through the courts, and a contested commercial foreclosure can take a year or longer. That extended recovery timeline makes some lenders price wider or hold leverage a notch below what they offer in trustee-sale states. In practice the effect is muted by competition: Florida is a market nearly every national lender wants, so well-structured deals with strong sponsors still achieve aggressive terms. Where the judicial regime bites hardest is on marginal credit stories, where the lender's downside math matters most. Packaging the deal to minimize perceived recovery risk is the antidote.
Two apply. The documentary stamp tax runs $0.35 per $100 of mortgage amount, or 0.35%, and the nonrecurring intangible tax adds 0.2% on the same amount, so borrowers should budget roughly 0.55% of the loan at closing. On a $10 million mortgage that is about $55,000 before title and recording fees. Unlike New York, Florida offers no assignment mechanism to avoid the tax on refinance, so the cost recurs each time new mortgage money is recorded. It is a known, fixed line item, and experienced Florida borrowers simply build it into their sources and uses.
Directly. Windstorm and flood premiums have repriced across the state, and lenders now underwrite actual quoted insurance costs in DSCR sizing rather than trailing expenses, which can shave loan proceeds on coastal and older assets. Borrowers get ahead of this by bringing current insurance quotes to the table at application, exploring wind deductible buy-downs, and, on portfolios, blanket policies that lower per-asset cost. CLS CRE routes Florida deals to lenders whose credit teams have already built insurance stress into their models, because they retrade less between application and closing.
Yes, but the lender universe is narrower. The post-Surfside SB 4-D law requires milestone structural inspections and funded structural integrity reserve studies for condominium buildings three stories and taller, and lenders on older coastal product now ask for those reports up front. Assets with clean inspections and funded reserves finance close to normally. Buildings with deferred structural work or looming special assessments route to bridge lenders and debt funds that underwrite the repair plan as part of the business case. Deconversion and bulk-condo purchases have become an active bridge lending niche for exactly this reason.


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Contact Commercial Lending Solutions for a free, no-obligation quote on commercial real estate financing anywhere in Florida. We respond within 24 hours.

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