Bayport Funding provides $3.6 million acquisition and construction loan for 6,000 s/f

East Hampton, NY Bayport Funding provided a $3.6 million loan for the acquisition and ground-up construction of 8 Barnes Ave. The Northwest Harbor property lot encompasses more than one acre and will allow for the creation of a 6,000 s/f home with pool and pool house.

“The East Hampton housing market remains incredibly competitive,” said Marcia Kaufman, CEO, Bayport Funding. “Investors are eager to stake or add to their footprint in the area due to the high volume of vacation and rental activity.”

“This newly acquired property in a rapidly emerging locale presented a compelling opportunity for us,” expressed Hezi Mena, managing partner of DeUna Holdings. “Recognizing the significance of this potential, we sought agile financing, and Bayport delivered with impressive efficiency. Their unwavering support has empowered DeUna Holdings to confidently advance our plans to create an exceptional residential experience in this thriving market.”

East Hampton remains a highly coveted location for short and long-term renters, and 8 Barnes Ave. will offer a modern design and the privacy that Northwest Harbor homes, set in the woods, are known for among local owners.

Bayport Funding is a balance sheet lender that provides bridge financing to real estate investors for single family, multifamily, mixed-use, and ground-up construction projects. Bayport has originated more than $1.3 billion. The firm is dedicated to the real estate investor community that depends on immediate availability of capital for funding projects. Bayport Funding understands the real estate investor business model and will tailor a customized Smart Money Loan Program to meet each lender’s specific needs. Bayport Funding offers several types of loan structures for investors who fix and flip properties, an opportunity to achieve significant return on investments and revitalize communities.