Bayport Funding FAQ: Bridge Loan and Private Lending Questions Answered
Bayport Funding is a direct bridge lender for experienced real estate investors and developers. We fund from our own balance sheet, underwrite in-house, and close in as little as 72 hours.
ABOUT Bayport Funding
What is Bayport Funding?
Bayport Funding is a direct bridge lender. We provide experienced developers and investors fast, flexible financing for single-family, multi-family, mixed use, and ground-up construction projects, funded in as little as 72 hours. As THE SMART MONEY LENDER®, our Smart Money Loan Program is tailored to each borrower's project.
Founded in 2011, we've originated more than $2.2 billion in bridge loans. Expanding our capacity to fund larger and more complex deals. Read more on our About page.
We're headquartered in Great Neck, New York, and we lend nationally across 36 states. We're a member of the American Association of Private Lenders and the National Private Lenders Association, and an Equal Housing Opportunity lender. Reach us at (833) 280-1826 or info@bayportfunding.com.
We're a true balance sheet lender so every credit, draw, and workout decision is made by our own team with full authority and accountability.
Speed and draws
In as little as 72 hours. We underwrite in-house and lend our own capital, so the people evaluating your deal are the people who approve it, and we close on our own timeline.
Draws are managed in-house by a dedicated internal team. In construction and rehab lending, faster draws mean faster completions, stronger economics, and more deals a year.
Loan products and requirements
We offer bridge financing for 1-4 unit fix and flip projects, we provide light rehab, heavy rehab, mid-construction, ground-up construction, stabilized bridge to completion. For 5-40 unit multi-family or mixed use projects, we offer acquisition rehab, mid-construction, stabilized bridge to completion, and ground-up construction. We also finance condo development projects and offer fixed DSCR Rental property loans.
The minimum is 660 for fix and flip, multi-family, and mixed use bridge products. Credit is one factor among several. For an experienced operator with a proven track record and strong personal financials credit exceptions can be considered.
Loan amounts will vary based on asset class. We generally lend up to $8.5M for 1-4 family properties. For multi-family, mixed use, and condo developments, loans can reach up to $10M.
A completed application, personal financial statement (PFS), track record, and proof of liquidity. For projects involving renovations, we also require a detailed rehab budget so the appraiser can accurately determine the after-repair value (ARV).
We finance 5-40 unit properties across the full lifecycle, with bridge to completion and permanent loans from $1 million to $10 million and mid-construction loans from $2.5 million to $10 million, at a 660 minimum credit score. Developers come to us when construction is on track but capital was exhausted before completion, when a loan has matured, or when they need bridge capital to reach permanent financing.
A DSCR loan (Debt Service Coverage Ratio loan) is a type of real-estate investment loan where the lender primarily qualifies the property based on credit, appraised value and its rental income rather than your personal income.
Bridge and private lending
Bridge and private lending
Both are short-term, asset-based financing, and the terms overlap in everyday use. A bridge loan usually refers to transitional financing that carries a property from one project stage to the next; hard money is a broader term for asset-based private lending. Bayport provides bridge financing structured around the property, project, and borrower’s defined exit strategy.
Our products are built for developers with a track record. Across our fix and flip, and multi-family, we look for experience proportional to the complexity of the deal, since a documented track record is the best predictor of a successful outcome. With that said, we consider projects on a case by case basis.
Brokers and applying
Brokers and applying
Yes. About 30% of our business comes through broker referrals, with dedicated support for the channel. To get started, call (833) 280-1826 or visit our Broker / Partner page.
If you've identified a project and need capital that moves at your pace, apply now, call (833) 280-1826, email info@bayportfunding.com, or visit our contact page.
