Financing
Industrial Property Loans in Florida
A population-driven distribution market with deep-water ports on both coasts and the state's own insurance math. Industrial financing across Florida, from Miami-Dade infill to Jacksonville big-box.
Florida industrial is a population story. People keep moving here, everything they buy moves through a warehouse, and the state's distribution stock has spent a decade trying to keep up. Miami-Dade leads the state in industrial SBA approvals, 86 of the 342 in the data below, and Jacksonville, Tampa and Orlando each anchor their own logistics market with their own lender appetite.
The desk places the full menu here: bank loans for owner-users and investors, SBA where the business occupies the building, CMBS and life company executions for stabilized assets, construction debt where the dirt is already entitled.
The underwriting question that is different in Florida is insurance. Wind and flood coverage is priced into every industrial deal in this state, the premiums flow straight through DSCR, and a quote that looked fine in March can look different after renewal. Get the insurance number early; it moves proceeds. Our industrial property insurance desk exists for exactly this.
Who actually lends on Florida industrial
These are the banks writing first mortgages on industrial SBA 504 deals approved in Florida, FY2021 to FY2026, from SBA's public loan-level file: 342 approvals, $552.3M in first mortgages, average about $1.6M. SBA is a slice of the market, but it is the slice that gets published loan by loan, which makes it the best public sample of who lends on Florida industrial.
What this sample is not. SBA 504 requires the borrower to occupy the building, so every row is an owner-user deal: investor-owned industrial is absent, and so is the bank, CMBS, life company and bridge debt that funds most of the market. SBA publishes no property type, so the borrower's industry code stands in for what the loan bought. Rows rank on dollars, so one large deal can sit above a steadier lender. Full method and source.
| # | Lender | First-mortgage $ | Approvals |
|---|---|---|---|
| 1 | Bank of America, N.A. | $50.6M | 30 |
| 2 | Seacoast National Bank | $41.8M | 13 |
| 3 | JPMorgan Chase Bank, N.A. | $33.0M | 15 |
| 4 | Regions Bank | $22.6M | 15 |
| 5 | Servisfirst Bank | $17.2M | 6 |
| 6 | First-Citizens Bank & Trust Company | $14.9M | 8 |
| 7 | TD Bank, N.A. | $13.7M | 8 |
| 8 | Fifth Third Bank | $12.6M | 3 |
| 9 | Truist Bank | $12.1M | 9 |
| 10 | First Citizens Bank | $11.7M | 3 |
First Citizens Bank (Luverne, Alabama) and First-Citizens Bank & Trust Company (Raleigh, North Carolina) are different institutions, not a duplicate row.
These institutions appear because SBA published their loans. None is a Janover lending partner and nothing here implies one.
Insurance moves Florida proceeds more than most borrowers expect. Send the deal over and we will size it with a real premium in the numbers.
Where the deals are
South Florida leads on count, Duval (Jacksonville) and Hillsborough (Tampa) on port-driven big-box, Orange County (Orlando) on distribution serving the tourism economy. The table shows the most active counties in SBA's loan-level file.
| County | Approvals |
|---|---|
| Miami-Dade | 86 |
| Broward | 28 |
| Pinellas | 25 |
| Hillsborough | 20 |
| Duval | 17 |
| Orange | 15 |
| Palm Beach | 15 |
| Manatee | 12 |
Top counties shown; the statewide totals above cover every county.
Florida approvals by fiscal year
| Fiscal year | Approvals | Not yet drawn | First-mortgage $ |
|---|---|---|---|
| FY2021 | 71 | 4 | $104.9M |
| FY2022 | 57 | 6 | $73.6M |
| FY2023 | 57 | 13 | $87.9M |
| FY2024 | 55 | 21 | $109.4M |
| FY2025 | 69 | 31 | $122.0M |
| FY2026 (partial) | 33 | 31 | $54.6M |
FY2026 is partial: the extract runs through 30 June. These are approvals, and 106 of the 342 here have not drawn yet, concentrated in the newest years. Counting only disbursed loans would show a collapse the raw data does not support.
Frequently asked questions
How does insurance affect industrial loans in Florida?
Directly. Wind and flood premiums are an operating expense, so they reduce NOI and therefore proceeds under a DSCR sizing. Lenders will want current quotes, not last year's policy. On thin deals the insurance number is the difference between sizing and not.
Do you finance cold storage in Florida?
Yes. Cold storage underwrites as specialized industrial: fewer lenders, more questions about the racking and refrigeration capex, stronger interest from lenders who know the asset class. The buyer pool is deep in Florida because the demand driver is food.
Which Florida ports matter for industrial demand?
PortMiami and Port Everglades for South Florida import flow, JAXPORT for big-box distribution serving the Southeast, Tampa for the west coast of the state. Proximity to any of them strengthens the leasing story a lender underwrites.