GREAT NECK, NY – Bayport Funding, a leading direct portfolio lender for real estate investors, has announced its entrance into the D.C. metro market, including the surrounding regions of Virginia and Maryland. Fueled by Bayport’s recent closing of a $200 million senior credit facility with Webster Bank, Bayport continues to expand its position as the go-to source for investment capital in key gateway markets throughout the Eastern Seaboard. The firm’s lending platform is also frequently used by investors pursuing opportunities to purchase and add value to properties before reintroducing the enhanced property to market.
Amid a conservative lending environment and high rental demand nationwide, the firm’s expansion into the Capital Beltway extends Bayport’s reach as an active lending partner for investors looking to reposition their portfolios for evolving Beltway market demands. In Washington, D.C. specifically, zoning laws incentivize single family investment, and investors can reposition existing assets across the area for modern rental consumers. In the greater D.C. metro area, rental properties are an increasingly attractive alternative for those looking to establish a new home base in an area continuing to see major post-Covid migration. Bayport Funding is actively supporting borrowers in the region with the necessary agile financing to reposition their rental portfolios accordingly.
“Our entrance into D.C. is a natural expansion of our proactive strategy across the Eastern Seaboard to provide much-needed capital to help grow investor portfolios,” said Marcia Kaufman, Chief Executive Officer of Bayport Funding. “There remains a lack of inventory in this market as the area experiences appreciating rental demand. Despite the hesitant lending atmosphere, Bayport is actively ready to help investors supply this demand and optimize rental assets for today’s quality-driven consumer.”
Beyond Washington, D.C, Bayport is currently active from Boston to Philadelphia, the Tri-State Area, North and South Florida, Atlanta, and other markets on the Eastern Seaboard. Bayport Funding is dedicated to real estate investors seeking immediately available capital to fund their projects, with its bridge loans funding 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 investors’ business models.
To learn more about Bayport Funding and its financing capabilities, please visit www.bayportfunding.com
About Bayport Funding 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.