HOLLYWOOD, FL – Bayport Funding, a leading direct portfolio lender for real estate investors, has announced its expansion into Tampa Bay and North Florida markets. Following the firm’s $200 million senior credit facility from Webster Bank, the firm has solidified its position as a go-to capital source for investors seeking to reposition and increase the value of single-family, multifamily, mixed-use, and ground-up developments. Bayport Funding’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.
Florida is the fastest growing state in the US, and amid raised interest rates and buyer hesitancy, there is strong demand for rental housing in this appreciating market. The area continues to push potential homebuyers towards rental housing, further increasing rental demand.
“There is a pressing need to provide agile financing and satisfy pent-up demand across Florida following the area’s tremendous growth,” said Marcia Kaufman, Chief Executive Officer, Bayport Funding. “Florida holds significant opportunities for rental investment in SFR and multifamily sectors. While larger institutions are shying away from lending, we’re ready to serve the market at a time when demand for capital and supply are aligned.”
Beyond North and South Florida, Bayport is currently active in Boston, the Tri-State Area, Washington, D.C., and other key markets across the Eastern Seaboard. The firm stays ahead of market changes and leads the industry with a profound understanding of the real estate market and the flexibility to accommodate 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.