Bayport Funding delivers $4 million financing for condominium development

Brooklyn, NY Bayport Funding has closed on a $4.06 million construction loan for a ground-up townhouse condominium project in the Greenpoint neighborhood. Comprising three residences ranging from 1,580 to 2,500 s/f, the three-story development features terraces, a patio, a rooftop deck, and basement storage.

“Brooklyn continues to see immense housing demand, particularly in popular neighborhoods like Greenpoint, and there is ample opportunity for experienced developers who understand the complex built environment there to bring high-quality products to market,” said Marcia Kaufman, CEO, Bayport Funding. “We’re proud to continue to support these developers with strategic capital solutions that deliver on the need for more housing.”

The centrally located development offers access to subway and bus transit, as well as the Brooklyn and Queens Expwy. It is walkable to the neighborhood amenities such as shopping, schools, dining, entertainment venues, and parks.