Great Neck, October 3, 2025
News Summary
Bayport Funding obtained a $200 million senior credit facility from Webster Business Credit to bankroll a nationwide expansion of short-term real estate lending. The capital boosts Bayport’s ability to provide bridge financing up to $10 million per loan for residential and mixed-use projects, enabling faster closings and larger deals. The facility builds on a decade-long relationship with Webster and follows prior support for East Coast growth. Bayport plans to use the funding to scale geographically, underwrite bigger projects, and deploy capital more quickly for construction, rehabs, conversions and interim financing for developers and investors.
Bayport Funding lands $200M for national expansion
THE BLUEPRINT: Bayport Funding secures $200M senior credit facility from Webster Bank
Bayport Funding has obtained a new $200 million senior credit facility from Webster Business Credit, a lending division of Webster Bank, to bankroll a nationwide push in short-term real estate lending. The facility expands Bayport’s ability to provide bridge financing of up to $10 million per loan for a wide range of residential and mixed-use projects across the country.
Key details up front
The structure is a senior credit facility provided by Webster Business Credit. It is intended to support Bayport’s nationwide expansion of bridge lending, increase the size of projects the firm can finance, and deliver greater loan capacity for developers and investors focused on residential and mixed-use work.
Why this matters
Bridge loans fill a timing gap between acquisition and permanent financing or project completion. By enlarging its credit line to $200 million, Bayport can underwrite larger loans and deploy capital more quickly in multiple markets. This matters for developers who need short-term funding for ground-up construction, rehabs, conversions, or interim financing while they secure long-term debt or sell completed units.
Background and lender relationship
Bayport is a balance-sheet lender based in Great Neck that has originated more than $1.7 billion in real estate loans, according to the company. The firm has maintained a banking relationship with Webster Bank for roughly a decade. Webster previously provided a credit facility in 2023 that supported Bayport’s East Coast expansion and helped finance a variety of project types, including multifamily, mixed-use, single-family residential, ground-up construction, rehab and renovation, and fix-and-flip deals.
How Bayport plans to use the money
The $200 million facility will primarily be used to expand Bayport’s bridge lending footprint nationwide and to increase the maximum loan size the firm can offer to individual borrowers and projects. Bayport’s target loans include short-term construction and interim financing for residential and mixed-use properties, with maximum loan amounts of up to $10 million per transaction.
Recent activity that illustrates the focus
Recent Bayport deals reflect the types of projects the lender will support with the expanded facility. Examples include a $4.85 million refinancing with construction financing for a six-story mixed-use project in Elizabeth, New Jersey; a $6 million construction bridge loan for a 25-unit multifamily building in the Bronx; and a $1.85 million mid-construction loan for a mixed-use conversion in Waterbury, Connecticut. These transactions underscore the company’s emphasis on short-term cash flow solutions for development and renovation work.
What the lender says
Webster’s leadership framed the facility as an upsize that provides Bayport with the additional capacity needed to grow. Webster also noted Bayport’s disciplined approach to financing residential developers and described the lender’s product as a practical solution for markets that need short-term project capital. Webster Bank is headquartered in Stamford, Connecticut, and manages a suite of commercial and consumer banking services, with reported assets exceeding $65 billion.
Strategic impact
For Bayport, the facility is presented as integral to its strategy to broaden geographic reach and handle larger projects than in the past. For developers and investors, increased bridge-lending capacity from a balance-sheet lender means faster closings, more predictable interim capital, and potentially smoother transitions from construction to permanent financing or disposition.
Bottom line
The new $200 million senior facility positions Bayport to scale its bridge-loan business across additional U.S. markets, backing a wider array of residential and mixed-use projects and offering per-loan financing of up to $10 million. The move builds on a decade-long relationship with Webster and an earlier credit line that supported East Coast growth in 2023.
FAQ
What type of financing was announced?
A senior credit facility worth $200 million was provided to Bayport to expand its bridge lending nationwide.
Who is the lender?
The facility is provided through Webster Business Credit, a lending arm of Webster Bank, which offers commercial and consumer banking services.
How large can individual loans be under this program?
Bayport will be able to offer bridge financing of up to $10 million per loan to developers and investors.
What kinds of projects are eligible?
Eligible projects include a wide range of residential and mixed-use work such as multifamily, ground-up construction, rehabs and renovations, fix-and-flip projects, and conversions.
Where is Bayport based?
Bayport is based in Great Neck and operates as a balance-sheet lender.
Does Bayport have a prior relationship with the lender?
Yes. Bayport and Webster have worked together for about 10 years, and Webster provided an earlier credit facility in 2023 to support East Coast expansion.
What recent loans illustrate Bayport’s work?
Recent examples include a $4.85 million refinancing/construction loan for a six-story mixed-use project in Elizabeth, NJ; a $6 million construction bridge loan for a 25-unit multifamily building in the Bronx; and a $1.85 million mid-construction loan for a mixed-use conversion in Waterbury, CT.
Quick reference: Key features table
| Feature | Detail |
|---|---|
| Facility type | Senior credit facility |
| Facility amount | $200 million |
| Lender | Webster Business Credit (division of Webster Bank) |
| Per-loan max | Up to $10 million |
| Target projects | Residential and mixed-use: multifamily, ground-up, rehab/renovation, conversions, fix-and-flip |
| Bayport base | Great Neck |
| Prior relationship | 10 years; prior facility in 2023 supported East Coast expansion |
| Bayport originations | More than $1.7 billion (to date) |
| Sample recent loans | $4.85M refinancing/construction (Elizabeth, NJ); $6M construction (Bronx); $1.85M mid-construction (Waterbury, CT) |
Deeper Dive: News & Info About This Topic
Additional Resources
- LIBN: Bayport Funding lands $200M for national expansion
- Wikipedia: Bridge loan
- ConnectCRE: Bayport provides $6M bridge loan for Astoria multifamily development
- Google Search: Astoria Queens multifamily development
- Multi-Housing News: Affordable Queens community lands loan
- Encyclopedia Britannica: Affordable housing
- Greater Long Island: Lenore Ringer-Prezioso, Bayport-Blue Point community leader — obituary
- Wikipedia: Bayport, New York
- Greater Long Island: Bayport-Blue Point Library’s second annual dog parade
- Google News: Bayport Blue Point library dog parade
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