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
Byline: David Winzelberg | Date: October 2, 2025
Lead: Bayport Funding has gained a $200 million senior credit facility from Webster Business Credit, a division of Webster Bank, in a move aimed at expanding the company’s bridge lending nationwide. The new facility increases Bayport’s capacity to provide developers and investors with bridge loans of up to $10 million per loan and is intended to support a wide range of residential and mixed-use projects across the country.
The facility is structured as a senior credit line and follows an earlier credit arrangement with the same bank that supported Bayport’s East Coast growth in 2023. The relationship between the lender and borrower spans a decade, reflecting a long-term banking partnership.
What the deal does
The new capital will allow Bayport to scale its balance sheet lending program, offering short-term financing for ground-up construction, multifamily developments, rehab and renovation work, mixed-use conversions, single-family projects and fix-and-flip deals. Bayport operates as a balance sheet lender, and the fresh backing is described by company leadership as a key piece of the firm’s plan to broaden its geographic reach and support larger projects.
How it fits Bayport’s recent activity
Bayport has been actively deploying loans in the region and beyond. Recent transactions include a $4.85 million refinance with construction funding</b 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. Company disclosures note Bayport has originated more than $1.7 billion in loans to date.
Lender background
The $200 million facility was provided by Webster Business Credit, which is a division of Webster Bank. Webster Bank is headquartered in Stamford, Connecticut, offers commercial and consumer banking as well as employee benefit solutions, and reports more than $65 billion in assets. Bank leadership framed the upsized facility as a way to give Bayport more lending bandwidth as it grows its business.
Why bridge lending matters
Bridge loans are short-term financing solutions that fill cash-flow gaps during construction or repositioning. By increasing the size and scope of available bridge loans, Bayport can support larger developments and a broader geographic footprint. That aims to help developers move projects forward faster when permanent financing is not yet in place or when timing and conditional approvals delay long-term debt.
Impact on developers and markets
Developers and real estate investors seeking quick, interim financing may see greater availability of loans up to the new $10 million cap per deal. The facility is intended to back projects across many housing types and mixed-use formats, which could help unlock apartment builds, small multifamily properties, urban conversions and renovation projects in secondary and primary markets alike.
Context and outlook
The move builds on prior cooperation between the two firms and comes at a time when targeted bridge finance remains a key tool for smaller-scale developers and sponsors. With a 10-year banking relationship and recent regional activity, Bayport appears positioned to push its bridge lending beyond its previous East Coast focus to a national presence.
Frequently Asked Questions
What is the size and type of the new facility?
The new facility is a $200 million senior credit facility provided by Webster Business Credit, for use in Bayport’s bridge lending program.
Who is the lender?
The lender is Webster Business Credit, a division of Webster Bank, which has nationwide commercial banking operations and more than $65 billion in assets.
What can borrowers expect to qualify for?
Qualified real estate developers and investors can access bridge loans of up to $10 million per loan for residential and mixed-use projects, including ground-up construction, rehab and conversion work.
How has Bayport been active recently?
Recent examples of Bayport loans include a $4.85 million refinance and construction loan for a mixed-use project in Elizabeth, N.J., a $6 million construction bridge loan in the Bronx, and a $1.85 million mid-construction loan in Waterbury, Conn.
How long have the companies worked together?
The bank and Bayport have had a banking relationship for about 10 years, including a prior credit facility used for East Coast expansion in 2023.
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Key Features at a Glance
| Feature | Details |
|---|---|
| Facility size | $200 million senior credit facility |
| Lender | Webster Business Credit, division of Webster Bank |
| Borrower | Bayport Funding (based in Great Neck) |
| Purpose | Fuel nationwide expansion of bridge lending |
| Max per loan | Up to $10 million per loan |
| Target projects | Residential and mixed-use: multifamily, ground-up, rehab, conversions, fix-and-flip |
| Relationship length | 10 years (ongoing partnership) |
| Bayport originations | More than $1.7 billion in loans originated (company statement) |
| Webster Bank profile | Headquartered in Stamford, Conn.; offers commercial/consumer banking and employee benefit solutions; > $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
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