Florida ALF Construction Loans: Financing New Assisted Living Development
Building a new assisted living facility in Florida offers exceptional opportunities in the nation's largest ALF market. With strong demand, favorable demographics, and year-round construction weather, Florida is a premier destination for ALF development.
Planning a Florida ALF Construction Project?
Jaken Finance Group specializes in construction financing for Florida ALFs.
Get Your Free Construction Loan Quote →Florida ALF Construction Financing Options
1. SBA 504 Construction Loans
| Feature | Details |
|---|---|
| Maximum Amount | $5.5 million (CDC portion) |
| Down Payment | 10-15% |
| Interest Rate | Below market |
| Term | 10-25 years |
2. HUD 232 Construction
| Feature | Details |
|---|---|
| Maximum Amount | No limit |
| Loan-to-Cost | Up to 80% |
| Term | 40 years + construction |
| Non-Recourse | Yes |
3. Conventional Construction Loans
| Feature | Details |
|---|---|
| Loan-to-Cost | 65-80% |
| Interest Rate | Prime + 1-3% |
| Term | 18-36 months |
Florida Construction Cost Breakdown
Regional Cost Variations
| Region | Land (per acre) | Hard Costs (per SF) | 60-Bed Project |
|---|---|---|---|
| Miami-Dade | $1M-4M | $280-380 | $22-35M |
| Broward | $800K-2.5M | $260-350 | $20-32M |
| Palm Beach | $700K-2M | $250-340 | $18-30M |
| Tampa Bay | $400K-1.2M | $220-300 | $15-24M |
| Orlando | $350K-1M | $210-290 | $14-23M |
| Jacksonville | $250K-700K | $200-270 | $13-20M |
Need Help with Your Florida ALF Development?
Our team understands Florida's unique requirements.
Schedule a Consultation →Construction Timeline in Florida
Typical Development Schedule
| Phase | Duration |
|---|---|
| Pre-Development | 4-10 months |
| Design | 3-6 months |
| Financing | 2-5 months |
| Construction | 12-18 months |
| Lease-Up | 6-12 months |
| Total | 27-51 months |
Florida-Specific Considerations
- Hurricane building codes - Higher construction standards
- Year-round construction - No weather delays
- Strong contractor market - Competitive bidding
- AHCA licensing - Pre-licensing consultation recommended
Related Florida ALF Resources
Ready to Build Your Florida Assisted Living Facility?
Jaken Finance Group has the expertise to structure your construction financing.
Get Your Free Construction Loan Quote →Disclaimer: This information is for educational purposes only. All financing provided by Jaken Finance Group, subject to approval.