What we offer for borrowers
Bayport Funding LLC diligently serves the needs of real estate professionals in the Tri-state area who require a steady stream of financing and seek opportunities to build property value and expand wealth.
The company leverages its depth of real estate and finance experience to assist individuals and corporate real estate professionals who invest in undervalued properties. Qualified properties are often in transitional status and may include bank REOs, distressed/estate sales, and complicated asset dispositions. Bayport's borrowers typically renovate their properties, enhancing the value of their assets and thereby rejuvenating the communities in which these investments are located.
Bayport Funding is also available for equity participation.
Procedures that speed the approval process
Bayport Funding expertise and local knowledge addresses the borrowers' requests for quick funding, especially as traditional bank financing has not been available for such opportunities. In response to this need, the company has developed underwriting criteria and procedures that permit quick loan approvals.
The company has advanced millions of dollars for the acquisition and renovation of properties including multi-family residential and mixed-use properties.
The company focuses on lending situations that cannot be adequately addressed by traditional lending sources due to time constraints, deal complexity or the transitional nature of the asset.
First lien mortgage loans range from $100,000 to $2,000,000, with an initial term of 12 months.
In 2015, Bayport’s loan portfolio grew by 25%, and we still have the capacity to grow another 20%.