Bayport Funding closed on $200 million senior credit facility from Webster Bank

Bayport Funding, a leading direct portfolio lender providing bridge financing for real estate investors, has announced the closing of a $200 million senior credit facility from Webster Business Credit, a division of Webster Bank and the lead syndication agent in the transaction. The move bolsters Bayport’s already significant financial resources as the firm expands its footprint across key gateway metropolitan areas across the Eastern Seaboard. A leading lender for investors looking to reposition or improve their assets to meet evolving market and consumer demands, Bayport Funding is committed to being an active capital solutions partner for their growing portfolio of clients.

Raised interest rates and institutional hesitancy are leaving borrowers with fewer options—and Bayport Funding recognizes the crucial need for investors to receive responsive financing to advance their business goals and move the industry forward overall. This transaction with Webster will support the firm’s position as a go-to source for capital, providing sponsors with an opportunity to position their holdings for an appreciating rental landscape. The funding will also support Bayport’s growth trajectory as it continues expanding from the Tri-State Area and South Florida into new geographic areas, including Boston and Washington, D.C., among others.

“Our ability to be prescient and stay agile in the market has been one of our key differentiators,” said Marcia Kaufman, CEO of Bayport Funding. “This is a strategic move that enables us to deliver on pent-up demand to develop, reposition, and restrategize assets.”

Lead by Kaufman, and Ami Bar-Mashiah as chairman, Bayport Funding is dedicated to the real estate investor community that seeks immediately available capital to fund their projects. The company’s bridge loans fund investors who want to reposition and increase the value of single-family, multifamily, mixed-use, and ground-up developments. Bayport Funding stays ahead of market changes and leads the industry with a profound understanding of the real estate market and the investors business model.

“Bayport Funding offers the most efficient execution in the industry, actively supporting borrowers across market cycles,” said Jane Gol, a founder and principal of Bayport Funding. “This transaction with our longstanding partner Webster Bank positions us to continue serving the market at a time when capital is greatly needed and enables us to reach even more investors nationally.

“As the rental market continues to build momentum, investors need bridge capital to optimize their assets,” said Mira Bar-Mashiah, principal of Bayport Funding. “Especially at a time when institutional lenders are staying more conservative, our alternative capital provides bespoke solutions that can help owners move forward, grow their portfolios, and achieve significant returns.”