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Mezzanine Loans in Miami, FL

Find lenders offering mezzanine loans in the Miami, including Fort Lauderdale, Coral Gables, Hialeah, and surrounding areas. Compare rates, terms, and programs from 8 lenders.

Lenders
8
Typical Rate
10% - 18%
Down Payment
Reduces equity to 5-15% total
Term
1-7 years
Closing Time
30-60 days

Miami Commercial Real Estate Market

Miami's commercial real estate market is driven by its status as the gateway to Latin America, with the Brickell Financial District serving as the densest concentration of banking and finance offices in the Southeast. Submarkets like Wynwood and the Design District have transformed from warehouse zones into high-rent retail and creative office corridors, while Doral and the Airport West area dominate industrial and logistics activity tied to Miami International Airport. South Florida has attracted a wave of financial firms and hedge funds relocating from New York, pushing Class A office rents in Brickell to among the highest in the Sun Belt. The multifamily and condo market remains robust, fueled by international capital flows and persistent domestic migration from the Northeast.

Key Economic Drivers

  • Latin American trade and banking corridor anchored by Brickell Financial District
  • Miami International Airport cargo operations driving Doral and Airport West industrial demand
  • Financial firm and hedge fund relocations from New York and Connecticut
  • International buyer capital flowing into Wynwood, Edgewater, and Design District mixed-use projects

Market Insight

Miami-Dade County's commercial property values are reassessed annually at full market value with no cap on increases, and the county's combined millage rate makes wind and flood insurance costs a critical factor — coastal properties can see insurance expenses consume 10% or more of gross rental income.

Mezzanine Loans in Miami, Florida

Mezzanine financing sits between senior debt and equity in the capital stack. It allows borrowers to increase leverage beyond what a first mortgage provides, reducing the equity needed for a deal. Secured by a pledge of the borrower's ownership interest rather than a lien on the property. In the Miami metro area, borrowers can access 8 lenders offering Mezzanine financing, including Fort Lauderdale, Coral Gables, Hialeah, and surrounding areas. Loan amounts typically range from $1M to $100M with rates from 10% - 18%.

Who Should Consider Mezzanine Loans?

  • Reducing equity requirement
  • Large acquisitions
  • Development projects
  • Recapitalizations

Key Requirements

  • Strong sponsor track record
  • Viable business plan
  • Senior lender approval for subordinate debt
  • Adequate debt service coverage for total debt

Advantages

  • Reduce equity needed
  • No lien on property (pledge of ownership)
  • Flexible structures
  • Can be interest-only

Considerations

  • High interest rates
  • Subordinate position = higher risk
  • Requires senior lender approval
  • Complex documentation

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