What commercial mortgage options are available in Florida?

Commercial property owners in Florida can access conventional bank loans, SBA 504 programs, CMBS conduit loans, private bridge loans, and debt fund financing. Options vary by property type, loan size, and borrower profile.

What loan sizes do commercial lenders in Florida typically fund?

Commercial lenders in Florida fund loans ranging from $500K to $50M+. Most active lenders focus on the $1M–$15M range for stabilized properties with good cash flow.

How long does it take to refinance a commercial property in Florida?

Conventional lenders typically take 60–90 days. Private and bridge lenders can close in 10–30 days. Working with a broker who knows Florida lenders speeds the process significantly.

Florida Commercial Mortgage Refinance Guide (2026)

Florida Commercial Mortgage Refinance: The 2026 Landscape

Florida remains one of the most active commercial real estate markets in the country. Population growth continues across the state’s major metros — Miami, Orlando, Tampa, Jacksonville, and Fort Lauderdale — driving sustained demand for multifamily housing, industrial space, and retail. Despite some cooling from the peak activity of 2021–2022, Florida commercial real estate fundamentals remain stronger than most U.S. markets.

That activity creates both opportunity and competition for commercial borrowers. Lenders want Florida deals — but they’re also underwriting more carefully than they were two years ago. Getting the best refinance terms in 2026 requires a strategic approach, not just a call to your existing bank.

What the Florida Lending Market Looks Like Right Now

Multifamily: Florida multifamily is the most active category in the state. Strong in-migration and population growth support rental demand, though markets like Miami and Tampa have also seen significant new supply come online. Lenders remain broadly active on multifamily statewide, though they’re scrutinizing rent rolls more carefully — especially in markets with high concession rates. LTVs of 70–75% are achievable for stabilized assets with strong DSCR.

Industrial: South Florida industrial continues to see very strong lender interest due to port activity, last-mile logistics demand, and limited land supply. Central and North Florida industrial is also attracting broad lender appetite. LTVs of 70–75% available with strong tenancy. Life companies and CMBS are active alongside banks and debt funds.

Retail: Grocery-anchored and necessity-based retail performs well with Florida lenders. Coastal and tourist-area retail has strong foot traffic fundamentals. Unanchored multi-tenant retail in secondary locations faces more scrutiny.

Office: Like most markets, Florida office is the most challenging category. South Florida small-bay office in strong submarkets (Brickell, Coral Gables) can still find financing. Suburban office in markets with high vacancy faces significant headwinds with conventional lenders — debt funds remain active but at higher rates and lower LTVs.

Hospitality: Florida hospitality is one of the stronger markets nationally given tourism volume. Lenders who specialize in hospitality are active — this is not a property type most conventional banks will touch, but dedicated hospitality lenders and CMBS are real options.

Florida-Specific Advantages for Commercial Borrowers

No state income tax. Florida’s tax structure keeps operating costs lower relative to many northeastern and west coast markets. Better NOI translates to better DSCR — the primary underwriting metric for all commercial lenders.

Strong population fundamentals. Florida added over 400,000 net new residents in recent years. Population growth drives demand across nearly every commercial property type and underpins long-term lender confidence in Florida assets.

No commercial mortgage brokerage licensing requirement. Florida does not require a specific state license for commercial-only mortgage brokering. This means more broker competition for your deal, which drives better terms.

Robust transaction volume. Florida’s high CRE transaction volume means appraisers, title companies, and attorneys are experienced with commercial deals and can often close faster than in smaller markets.

Common Florida Refinance Scenarios

Scenario 1: Multifamily balloon maturity. You have a Miami or Tampa apartment building with a loan maturing. Current rates are higher than your original loan. Running a competitive bid typically surfaces lenders — particularly debt funds and agency lenders — willing to compete aggressively for quality Florida multifamily.

Scenario 2: Industrial cash-out. South Florida industrial has appreciated significantly. A cash-out refinance at 65–70% LTV can access equity for acquisitions or improvements without a sale.

Scenario 3: Bridge to permanent on a lease-up. You completed a retail or industrial development in Orlando and are now 75% leased. Bridge financing covers the period while you lease to stabilization, then permanent financing takes over.

Florida Cities Where We’re Most Active

Miami / South Florida — Multifamily, industrial, retail, mixed-use
Orlando / Central Florida — Industrial, multifamily, retail, hospitality
Tampa / St. Petersburg — Multifamily, industrial, mixed-use
Jacksonville — Industrial, multifamily, retail
Fort Lauderdale / Broward — Industrial, multifamily, retail
Fort Myers / Naples — Multifamily, retail, hospitality

Frequently Asked Questions

What loan sizes do you handle for Florida commercial properties?
RefiLoop works on Florida commercial loans from $500,000 to $15 million. This covers most individual property owners across Florida’s major and secondary markets.

Does Florida require a commercial mortgage broker license?
No. Florida does not require a specific state license for commercial-only (non-residential) mortgage brokering. RefiLoop operates in Florida with no brokerage license requirement and no upfront fees.

How long does a Florida commercial refinance take?
A standard commercial refinance in Florida typically takes 45–75 days from application to close. Bridge loans can close in 3–6 weeks. Life company and CMBS deals may take 90–120 days.

How RefiLoop Works for Florida Property Owners

Submit your deal once, and we reach out to the banks, debt funds, insurance companies, and bridge lenders in our 7,000+ network who are actively lending in Florida. Within 48 hours, you have 3–5 real offers to compare — across lender types, rates, structures, and terms.

No upfront fees. No commitment required to see your options. We make money only when you close a loan that works for you. If you own a commercial property in Florida with a loan maturing in the next 6–18 months, now is the right time to see what the market will offer.

Explore Florida Markets

RefiLoop works with commercial property owners across Florida’s major markets. Browse our city-specific guides:

Complete guide: Commercial Mortgage Refinancing — The Complete Guide →

Cities We Serve in Florida

About David Greenbaum

David Greenbaum is a commercial mortgage broker and co-founder of RefiLoop. He specializes in helping commercial property owners refinance maturing loans between $200K and $15M across Texas, Florida, Georgia, North Carolina, Ohio, and other priority markets. With hands-on experience in commercial bridge loans, debt fund financing, and conventional CRE refinancing, David helps borrowers find the right capital source for their situation — not just the easiest one.