Industrial Property Loans in Florida

Florida industrial — recent closings (May 2026): mostly low-to-mid 6s (roughly 6.0%–6.65%) fixed for permanent financing, priced over the 5-year Treasury at about +2.0–2.5% (floating over SOFR available). $5M–$30M · 15–30 day typical close.

The figures above reflect actual, recently closed commercial real estate transactions and are accurate as reported as of May 2026. They are historical market data — not an indication or offer of the rate or terms you will receive; your terms depend on the property, sponsor, market, and lender underwriting and will vary. Northern Ridge Capital arranges commercial real estate financing only (no residential) and is a licensed mortgage broker (CA DRE #02093377), not a lender. See full disclosures.

Florida industrial sits near the front of lender appetite, and trade is why. PortMiami, JAXPORT, and Port Tampa Bay keep goods flowing, nearshoring has routed more Latin American supply chains through the state, and a population that keeps growing keeps last-mile warehouse space scarce. Financing is easy to find in that climate, and the ease is where owners lose money: they take the first quote from one lender and never learn what a competitive process would have delivered. Florida also carries one variable no other industrial market weighs the same way. Insurance. A newer wind-code building can insure for a fraction of what older stock costs, and that gap flows straight into your loan. Northern Ridge Capital places $5M–$30M industrial debt across Florida (warehouse, distribution, flex, last-mile, IOS) by putting eager lenders in competition rather than accepting the first term sheet. We’re a broker, not a lender.

Why a competitive process still pays on industrial

A lender-favored asset still produces a wide spread of quotes, wider than most owners expect. A life company chasing a credit-tenant distribution box near PortMiami will size and price it differently than a bank looking at a multi-tenant flex park up in Orlando, and each one reads Florida's insurance question its own way. Some lenders reward a hardened, wind-code building; others discount hard for storm exposure. From a network of 700+, we find the lenders whose appetite actually fits your building and its location, then hold them against each other on rate, leverage, recourse, and term.

Typical Florida industrial terms

Related financing: Florida retail loans, Florida commercial bridge loans, and industrial property loans.

Structure shown is typical, not a quote or commitment; actual terms are set by third-party lenders subject to underwriting. See disclosures.

When it fits

Acquisition

Buying a Florida warehouse or distribution asset? Get the debt and the insurance picture lined up early. On a competitive purchase, the buyer who can close on schedule with a clean insurance file is the one who wins, and we keep financing off the list of things that stall you.

Refinance / maturing loan

Loan maturing into a pricier market? Florida industrial still draws deep lender interest, and a hardened, well-leased building often refinances below whatever number your current lender opens the renewal with. We work the market rather than accept it.

Permanent / stabilized

Holding a stabilized, leased box near a port or a growing metro? Life-company and CMBS capital can lock long fixed rates, and a credit tenant paired with solid wind-mitigation details usually earns the sharpest of them.

Value-add, lease-up, or IOS

Re-tenanting, repositioning, or financing an industrial outdoor storage yard? A bridge or specialty lender underwrites the plan now, and we line up the permanent takeout for once it stabilizes.

The Florida industrial market: what lenders are actually pricing

Florida industrial demand is anchored to trade and rooftops, and both are running. Nearshoring has moved manufacturing toward Latin America, and Miami’s port and airport have become key nodes routing those goods into North America, which keeps port-proximate and last-mile space in demand. Hialeah, Miami’s core last-mile submarket, has run vacancy below 2% (JLL, Q1 2026), while Miami industrial overall sat near 7.2% with asking rents around $17.26 psf NNN, close to all-time highs, as record-low new development points vacancy back down. Tampa has led the state on rent growth at roughly 6.5% year over year, and Jacksonville, a logistics gateway on I-95, absorbed a large speculative supply wave, up to about 7 million square feet in 2025 (Jax Daily Record, 2026), that softened near-term absorption while the long-term thesis held. Then there is insurance, the variable that separates Florida from every other industrial market. Premiums roughly tripled between 2019 and 2024 before pricing began stabilizing under the post-2022 reforms, with the statewide average requested rate increase falling from about 21% in 2023 to roughly 0.2% in 2025 (Florida Chamber of Commerce, 2025). Demand pulls lender competition in, but the spread between the best and the average term sheet stays wide, and how a specific building insures is now part of what decides it.

What’s different about financing industrial in Florida

Insurance is the dominant Florida underwriting variable, and industrial is the asset where it can actually work in your favor. Much of Florida’s warehouse and distribution stock is newer, built to modern wind-load codes with hardened roofs and tilt-wall construction, and those buildings often insure at a lower cost per square foot than older coastal retail or multifamily. Lenders know this and reward it: a wind-code distribution box with a credit tenant and a manageable named-storm deductible underwrites cleanly, where an older flex property in a surge zone draws scrutiny. Big-box industrial also carries high replacement-cost coverage, so lenders look closely at whether insured value matches the loan and how the deductible is structured. The practical move is to bring a bound insurance quote, the building’s wind-mitigation and roof details, and its flood-zone status to underwriting. A borrower who shows a hardened, well-located, well-leased building turns Florida’s insurance question from a discount into a selling point.

What recent Florida closings show on pricing

Across recent Florida industrial closings (as of May 2026, n=26), most deals priced in the low-to-mid 6s, roughly 6.0 to 6.65% fixed, set over the 5-year Treasury or SOFR at about 2.0 to 2.5% of spread, with some higher-spread and floating deals in the mix. The May median landed near 6.5%, the tightest of the three Florida asset classes we place, which tracks with how much lenders want well-located, well-insured Florida industrial. These are closed-deal reads, not offers; your number depends on tenancy, location, construction, and the insurance profile.

How we place Florida industrial debt

We’re a debt brokerage with $600M+ in deal experience across underwriting and brokerage. Before any lender sees the file, we underwrite your property the way they will: tenancy, lease term, clear height, truck access, port or last-mile position, and how the building insures against wind. Then we take it to the lenders actively competing for Florida industrial from a network of 700+ and run it to close, usually inside 15–30 days. You come out with options and leverage instead of one take-it-or-leave-it term sheet.

Florida industrial loans: FAQ

What rate can I get on a Florida industrial loan?

In observations from recent closings, loans here have run mostly low-to-mid 6s (roughly 6.0%–6.65%) fixed for permanent financing, priced over the 5-year Treasury at about +2.0–2.5% (floating over SOFR available) (May 2026). These are actual closed transactions, not an offer — your rate depends on the asset, leverage, and sponsor. Contact us for a live quote.

How much do insurance costs affect my industrial loan?

Less than on Florida retail or multifamily, and that is the good news for industrial owners. Much of Florida’s warehouse stock is newer, built to modern wind codes with hardened roofs, so it often insures at a lower cost per square foot than older coastal assets. Lenders reward that. Bringing a bound insurance quote, wind-mitigation and roof details, and flood-zone status lets us present the building as the hardened, well-located asset it is rather than a storm-risk question.

How does port and last-mile demand affect financing?

It widens the pool of lenders competing for your deal. Port-proximate and last-mile space near Miami, Jacksonville, and Tampa is exactly what banks, life companies, CMBS, and debt funds want to hold, so a well-located, well-leased building draws multiple bids. Location and tenancy are two of the biggest levers we use to push rate and leverage in your favor.

How large an industrial loan can you place?

Northern Ridge Capital arranges industrial debt from $5 million to $30 million, commonly up to about 60–70% LTV, tenancy- and location-dependent.

Do you finance flex, last-mile, and industrial outdoor storage (IOS)?

Yes. Warehouse, distribution, flex, last-mile, and industrial outdoor storage each draw a different set of lenders, and in Florida each one also reads the insurance file its own way. We match your property type and its risk profile to the capital that actively wants it.

Is Northern Ridge Capital a lender?

No. We’re a commercial mortgage broker (CA DRE #02093377). We place your deal with the right lender from a network of 700+ and make them compete. Commercial real estate only.

About

Justin Ashcraft is the principal of Northern Ridge Capital, a commercial real estate debt brokerage placing $5M–$30M in multifamily, retail, industrial, and SBA financing nationwide within its licensed footprint, with $600M+ in deal experience across underwriting and brokerage. Licensed in California, DRE #02093377.

Northern Ridge Capital is a licensed commercial mortgage broker (CA DRE #02093377), not a lender, and arranges financing on commercial real estate only (no residential). Rates and figures reflect actual closed transactions as of the date noted and are not an indication or offer of terms. For informational purposes only; not financial, legal, or tax advice. Full disclosures.