Sarasota County
Bridge and Commercial Loans in Sarasota County
Skyway Bridge Lending is based in Sarasota and provides short-term bridge loans, commercial bridge loans, and construction and land loans on investment property throughout Sarasota County. Loans range from $50,000 to $1,000,000, and we can close in as few as 5 business days.
Loans we offer in Sarasota County
Bridge loans
On 1–4 unit residential investment property, up to 75% of current value.
Commercial bridge loans
On retail, office, industrial, mixed-use, and multifamily property, up to 70% of current value, including buildings purchased by business owners for their own operations.
Fix and flip and new construction loans
Up to 70% of the after-repair or completed value.
Lot and land loans
Up to 50% of current value.
Areas we serve
We lend throughout Sarasota County, including:
- Sarasota
- Venice
- North Port
- Englewood
- Nokomis
- Osprey
- Lakewood Ranch (Sarasota County portion)
- Siesta Key
- Lido Key
- Casey Key
What Sarasota County investors should plan for
Storm-damaged property
Hurricanes Helene and Milton in 2024 damaged many properties across the county, especially on the barrier islands and in low-lying areas. Some of those properties are still coming to market. A bridge loan lets an investor buy quickly and complete repairs before selling or refinancing.
The 50% rule in flood zones
In a FEMA flood zone, if the cost of repairs or improvements exceeds 50% of the building's market value, the building usually must be brought up to current flood elevation standards. Before buying a damaged property, confirm with the local building department whether the 50% rule applies. Your renovation budget and exit plan depend on the answer.
Flood insurance
We require hazard insurance on every loan, plus flood insurance where applicable. In coastal Sarasota County, flood coverage can be a significant cost, so get a quote before you commit to a purchase.
Condominium safety rules
Florida law now requires milestone structural inspections and reserve studies for many older condominium buildings. Investors buying condos should review the association's inspection status and reserves, because special assessments can affect the value of the unit.
Growth in North Port and Venice
The southern part of the county has seen significant residential construction. That creates demand for lot loans, construction loans, and bridge financing on new rental property.
Example scenarios
These examples show how our loans are typically structured. They are not past transactions.
- An investor buys a storm-damaged single-family home in Venice for $300,000 and uses a bridge loan to close in two weeks, then completes repairs and sells.
- A contractor buys a $900,000 warehouse in Sarasota for their own business, using a commercial bridge loan of up to $630,000 while an SBA loan is being approved.
- A builder buys a lot in North Port for $80,000 and uses a lot loan of up to 50% of its value to secure the site before construction financing is in place.
How to get started
Send us the property address, the purchase price or payoff, your plan, and your target closing date. We will review the property ourselves and send you proposed terms. You can also estimate your numbers 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. Information about flood rules, insurance, and condominium requirements is general and is not legal or insurance advice.
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Sarasota, FL
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