Bridge lender Bayport Funding has secured a $200 million senior credit facility from Webster Bank to fuel nationwide growth in multifamily, single-family rental, and mixed-use development financing. Bayport CEO Marcia Kaufman highlighted the significance of the deal, stating that “the credit facility with our longtime partner Webster is integral to our strategy of broadening our geographic footprint and increasing the size of the projects we lend to.” This marks Bayport’s second major credit arrangement with Webster, reinforcing the company’s shift from a regional lender to a national platform for acquisition, construction, and stabilization projects.
Read the full article here on Commercial Observer
