Commercial Bridge Loans
Commercial Bridge Loans in Florida
Skyway Bridge Lending provides short-term commercial bridge loans from $50,000 to $1,000,000 on commercial property throughout Florida, for investors and for business owners buying property for their own operations. Banks and national lenders often focus on commercial loans above $1 million and can take months to close. We focus on smaller commercial deals and can close in as few as 5 business days.
What is a commercial bridge loan?
A commercial bridge loan is short-term financing secured by a commercial property. Borrowers use it to buy or refinance a property quickly, and then repay it by selling the property or refinancing into long-term financing.
The loan is sized on the property's value and your plan, not only on its current income, so it can work for a property that a bank will not finance yet.
When borrowers use a commercial bridge loan
Closing quickly
The seller needs a fast closing, and a bank cannot meet the deadline.
Buying a vacant or partly leased building
The property does not yet have the income a bank requires.
Refinancing a maturing loan
A balloon payment is coming due, and the property is not ready for permanent financing.
Repositioning a property
You plan to lease up, renovate, or improve operations before selling or refinancing.
Buying a building for your business
You need to close before a bank or SBA loan can be approved, and you plan to refinance into long-term financing afterward.
Avoiding a long bank process
The deal is sound, but the bank's approval timeline puts it at risk.
Property types we finance
We lend on commercial property of any type, including retail, office, industrial and flex, mixed-use, multifamily of 5 or more units, and commercial land. We finance both investment properties and non-residential buildings occupied by the borrower's own business. Every loan is for business purposes only.
Commercial bridge loan terms
| Loan amount | $50,000 to $1,000,000 |
|---|---|
| Leverage | Up to 70% of the property's current value. On purchases, the loan cannot exceed the purchase price. |
| Term | 12 months, with interest-only monthly payments and the balance due at maturity |
| Cost | Typically 2 to 4 points, with rates quoted for each deal |
| Prepayment | A 6-month minimum interest period, with no prepayment penalty after 6 months |
| Closing | In as few as 5 business days, and typically 7 to 10 business days |
| Borrower | An LLC with a personal guaranty from its owner. We have no minimum credit score. |
These are our standard guidelines, and we review deals outside them case by case. You can estimate your numbers with our loan calculator or read more in our borrower FAQ.
What we need to review your deal
To give you initial terms, we need the property address, the purchase price or loan payoff, your plan for the property, and your target closing date. Before closing, we will ask for:
- LLC documents.
- Two months of bank statements.
- The purchase contract or payoff letter.
- A rent roll and copies of leases for income-producing property.
How the process works
- Send your deal. Submit the property and your plan through our application, or call us.
- Get initial terms. We review the property ourselves, without requiring an appraisal, and send you proposed terms.
- Close. After you accept the terms, we coordinate title, insurance, and loan documents with your closing agent.
- Repay. You repay the loan when you sell or refinance the property.
Where we lend
We finance commercial property throughout Florida, with a focus on these counties:
- Sarasota County
- Manatee County
- Pinellas County
- Hillsborough County
- Pasco County
- Lee County
- Charlotte County
- DeSoto County
Have a commercial deal?
Send us the details, or estimate your numbers first with our loan calculator.
Skyway Bridge Lending makes business-purpose loans only and does not make loans secured by owner-occupied residences. The terms on this page are general guidelines and are not a loan offer or commitment. All loans are subject to underwriting approval, property review, and final loan documents.
Have a Deal? Let's Talk.
Contact
Sarasota, FL
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