Construction Loans in Tallahassee, FL
Find lenders offering construction loans in the Tallahassee, including Quincy, Crawfordville, and surrounding areas. Compare rates, terms, and programs from 13 lenders.
Construction Lenders Serving Tallahassee
13 lenders offering construction loans in the Tallahassee, FL area.
New Silver Lending
LocalFL
Direct lender for real estate investors. DSCR loans with no minimum DSCR requirement. Also offers fix-and-flip, bridge, and construction loans.
Vaster
LocalMiami, FL
Commercial bridge loan lender for CRE investors. Flexible short-term financing for acquisition, rehab, and construction.
Bank of America
Charlotte, NC
One of the largest US banks. Commercial real estate lending, construction financing, and SBA loans through nationwide branch network.
Broadmark Realty Capital
Seattle, WA
Private real estate lender offering bridge, construction, and land loans. Now part of Ready Capital. Loans from $500K to $25M+.
CoreVest Finance
Irvine, CA
Rental portfolio and bridge lender for residential real estate investors. Build-to-rent and portfolio financing specialist. Redwood Trust subsidiary.
JPMorgan Chase
New York, NY
Major CMBS originator and commercial lender. Full range of CRE financing including conduit, agency, and balance sheet.
KeyBank Real Estate Capital
Cleveland, OH
Major bank CRE lender. Balance sheet, agency, and CMBS lending for multifamily, office, retail, and industrial properties.
Lima One Capital
Greenville, SC
Private lender for real estate investors. DSCR loans require 1.5+ ratio, min FICO 700. 5, 10, and 30-year options. Up to 75% LTV on purchases.
Merchants Capital
Indianapolis, IN
Bank-backed commercial lender active in 47 states. Over $6.8B in financing. Specializes in multifamily, affordable housing, and healthcare.
PNC Real Estate
Pittsburgh, PA
Top-10 US bank with dedicated commercial real estate lending. Construction, bridge, and permanent financing for major property types.
Stbridge Capital
Los Angeles, CA
Private money lender in California. Bridge, fix-and-flip, and ground-up construction loans. Fast closings for experienced investors.
US Bank
Minneapolis, MN
Fifth-largest US bank. CRE lending including construction, permanent, and SBA loans. Strong in multifamily and affordable housing.
Wells Fargo
San Francisco, CA
Top commercial real estate lender. CMBS, balance sheet, agency, and SBA lending across all property types.
Tallahassee Commercial Real Estate Market
Tallahassee's commercial real estate market is predominantly driven by state government operations and two major universities — Florida State University and Florida A&M University — creating a uniquely stable but cyclically limited demand profile. The primary office submarkets run along Thomasville Road, the Capitol Center district, and the Apalachee Parkway corridor, with government tenants anchoring much of the Class A inventory. The Innovation Park, located between FSU and FAMU, hosts technology and research tenants, while Midtown and CollegeTown have emerged as mixed-use districts blending student housing with retail and dining. Unlike South Florida's volatile boom-and-bust cycles, Tallahassee's market offers lower volatility but also more modest appreciation potential.
Key Economic Drivers
- ●Florida state government as the single largest employer and office tenant
- ●Florida State University and Florida A&M University research and enrollment spending
- ●Innovation Park technology and government research tenancy
- ●Tallahassee Memorial HealthCare and Capital Regional Medical Center anchoring medical office demand
Market Insight
The Florida Legislature's annual session and government operations anchor approximately 30% of Tallahassee's office absorption, making the state budget cycle a meaningful variable in CRE leasing activity — a dynamic unlike any other Florida metro.
Construction Loans in Tallahassee, Florida
Commercial construction loans fund new development or major rehabilitation projects. Funds are disbursed in stages as construction progresses. Most are short-term (12-36 months) and convert to permanent financing upon completion. In the Tallahassee metro area, borrowers can access 13 lenders offering Construction financing, including Quincy, Crawfordville, and surrounding areas. Loan amounts typically range from $500K to $100M with rates from 7% - 10%.
Who Should Consider Construction Loans?
- Ground-up development
- Major renovations
- Land + construction
- Build-to-suit projects
Key Requirements
- Detailed construction plans and budget
- Licensed general contractor
- Building permits
- Development experience (strongly preferred)
- 20-35% equity
Advantages
- ✓Interest only on drawn funds
- ✓Funds disbursed as needed
- ✓Can include land acquisition
- ✓Construction-to-permanent options available
Considerations
- •Requires detailed plans and budgets
- •Draw schedule inspections
- •Higher rates during construction
- •Completion risk on borrower
Construction Loans in Other Florida Cities
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