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
What happened: Bayport Funding has closed a new $200 million senior credit facility provided by Webster Business Credit, a division of Webster Bank. The facility is designed to scale Bayport’s bridge lending nationwide and increase the firm’s capacity to make larger loans.
Why it matters: The new facility allows Bayport to offer up to $10 million per loan, supporting a broad mix of residential and mixed-use projects across the country. That increased backing positions the firm to serve developers and investors working on ground-up construction, multifamily, rehab and renovation, single-family projects, and fix-and-flip strategies.
Key details
- The facility equals $200 million in senior credit from Webster Business Credit.
- Each loan may be sized up to $10 million.
- Targeted uses include a wide range of residential and mixed-use developments.
- Bayport Funding operates as a balance sheet lender and has originated more than $1.7 billion in real estate loans to date.
- Webster Bank is headquartered in Stamford, Connecticut, and reports more than $65 billion in assets.
- Bayport is based in Great Neck and has maintained a banking relationship with Webster for about 10 years.
Context and recent activity
This marks the latest expansion of an ongoing support arrangement between the lender and borrower. Webster previously provided a credit facility in 2023 that helped Bayport expand along the East Coast. That earlier support financed multifamily, mixed-use, single-family, ground-up construction, renovation and fix-and-flip projects.
Bayport’s recent transactions illustrate the types of deals the new facility will back. Examples include a $4.85 million refinancing and construction loan 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.
What the parties say (summary)
Company leaders describe the facility as integral to Bayport’s strategy for geographic growth and the ability to fund larger projects. Banking executives note the upsize provides the firm with the operational bandwidth to scale lending across additional markets while continuing a disciplined approach to financing residential developers.
Implications for the market
Bridge loans serve as short-term financing bridges between development stages or between acquisition and long-term capital. The expanded capacity to underwrite loans up to $10 million may enable Bayport to pursue larger multifamily and mixed-use projects in secondary and primary markets where traditional financing can be slower to arrive. As a balance sheet lender, Bayport commits its own capital to loans, which can speed closings and provide certainty for borrowers in competitive deals.
Background on the lender
Webster Bank’s commercial division offers a range of commercial banking and employee benefits solutions. The bank’s sizable asset base supports syndicated and single-lender facilities to mid-market specialty lenders focused on real estate.
Takeaway
The new $200 million facility strengthens Bayport Funding’s ability to expand nationwide and extend larger bridge loans across a variety of residential and mixed-use development types. The move builds on an established banking relationship and follows a string of recent loans that spotlight the firm’s active presence in Northeastern and urban markets.
FAQ
What is the size of the new credit facility?
The credit facility totals $200 million and is structured as a senior credit facility through Webster Business Credit.
Who provided the facility?
The facility was provided by Webster Business Credit, a division of Webster Bank, which supports commercial financing needs.
How large can individual loans be under the facility?
Under the new arrangement Bayport can provide bridge loans of up to $10 million per loan.
What types of projects will be funded?
Funding targets a wide range of residential and mixed-use projects, including multifamily, ground-up construction, rehab and renovation, single-family, and fix-and-flip projects.
Where is Bayport Funding based?
Bayport Funding is based in Great Neck.
Does this follow earlier support from the lender?
Yes. Webster provided a credit facility in 2023 that supported Bayport’s East Coast expansion and financed a variety of real estate projects.
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Key features at a glance
| Feature | Detail |
|---|---|
| Facility amount | $200 million |
| Lender | Webster Business Credit (division of Webster Bank) |
| Max loan size | $10 million per loan |
| Borrower | Bayport Funding (based in Great Neck) |
| Intended use | Nationwide expansion of bridge lending for residential and mixed-use projects |
| Relationship length | About 10 years |
| Bayport originations to date | More than $1.7 billion |
| Webster Bank scale | More than $65 billion in assets |
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
Author: Construction CA News
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