Great Neck, NY Bayport Funding has appointed new leadership roles for its executive team. CEO and co-founder Ami Bar-Mashiah will now serve as the firm’s chairman, and president Marcia Kaufman will serve as CEO.
As chairman, Bar-Mashiah will oversee the company’s strategic direction. Bar-Mashiah has gained knowledge and a deep network across the U.S. real estate market over his three decades of experience in mortgage banking. He has helped investors improve, reposition, and modernize their properties. Prior to co-founding Bayport Funding, Bar-Mashiah served as owner and president of Mortgage Enterprise, a New York State-licensed mortgage banker that originated more than $2.5 billion in residential mortgages. He also founded and managed an investment fund providing short-term acquisition financing for New York-area real estate professionals. Bar-Mashiah has served on advisory boards at Citicorp, Chemical Bank. and Green Point Mortgage.
In Kaufman’s new role as CEO, she will drive the company’s business operations and expand the firm’s growing presence across the Eastern Seaboard in gateway cities from South Florida to New England. Kaufman will lead business development and grow Bayport Funding’s extensive network of borrowers and Investors. Kaufman boasts over three decades of experience in delivering Innovative real estate and mortgage banking solutions, including market Identification, opportunity generation, valuation, development, management, and exit strategy. Most recently, Kaufman has focused on securing bridge financing for fix-and-flip opportunities and the purchase of rental properties for eventual stabilization. Prior to Bayport Funding, Kaufman owned a real estate investment and brokerage firm and Select Mortgage, a NYS licensed mortgage banker. She has also held senior leadership positions at American Home Mortgage Ventures, Preferred Empire Mortgage Company, and Arbor National Mortgage.
“I’m proud to assume my new role and lead our dynamic executive team that continues to be a great resource for investors at a time when others are taking a conservative approach,” said Kaufman. “Our goal as lenders is to be Involved with our clients and provide them with proven solutions that empower owners and borrowers across market cycles to create opportunities amid changing conditions.”
“I’ve been honored to help Bayport Funding grow its network and portfolio since we started the firm,” said Bar-Mashiah. “In my role as chairman, I look forward to continuing to lead our expansion as we further our mission to make Bayport Funding the go-to capital partner for real estate investors.
“Early In my career, working with an alternative bridge lending platform enabled me to grow my real estate business and become a developer; said Amir Chaluts, co-founder of Bayport Funding. “I wanted to create a similar solution that generates opportunities for investors. We have built a platform that supports the growth of properties, portfolios, and their owners when we launched Bayport Funding and Ami and Marcia’s new positions will further expand our position as a singular lending resource.”
“It’s been a privilege to build a leading capital provider with my cofounders Ami Bar-Mashiah, Mira Bar-Mashiah, and Amir Chaluts, and since Marcia Kaufman joined our team in 2018, we have experienced tremendous growth,” said Jane Gol, principal and co-founder or Bayport Funding. “All of their leadership has been critical in expanding our business and identifying key funding opportunities. I look forward to working closely with them to support Bayport’s continued success.”
Bayport Funding is dedicated to the real estate investor community that seeks immediately available capital to fund their projects. With current interest rates, Bayport Funding recognizes the crucial need for agile financing that will support investors in adding value to and repositioning their assets. The company’s bridge loans finance Investors for single-family homes, multifamily, mixed-use, and ground-up development projects.
