Bayport secures $200M facility to expand bridge lending nationwide

Bayport Funding lands $200M for national expansion

By David Winzelberg — October 2, 2025

Lead

A $200 million senior credit facility from Webster Business Credit, a division of Webster Bank, will support Bayport Funding’s move to expand bridge lending across the United States. The facility is intended to increase Bayport’s ability to provide short-term construction and refinancing capital — offering up to $10 million per loan — for a broad mix of residential and mixed-use projects nationwide.

Key details

The new facility is structured as a senior credit line and is described by the two companies as central to Bayport’s strategy of broadening its geographic footprint and increasing the size of projects it finances. Bayport operates as a balance sheet lender and, according to the company, has originated more than $1.7 billion in loans for real estate projects to date.

Background and relationship

Bayport Funding is based in Great Neck and has worked with Webster Bank for a decade. Webster Business Credit previously supported Bayport’s East Coast growth with a credit facility in 2023, which helped finance multifamily, mixed-use, single-family residential, ground-up construction, rehab and renovation, and fix-and-flip projects. The latest upsize to $200 million is intended to provide more capacity for similar loan types on a national scale.

Recent activity

The firm has been active with several notable bridge financings in the region, including a $4.85 million refinancing and construction loan for a six-story mixed-use building in Elizabeth, New Jersey; a $6 million construction bridge loan for a 25-unit multifamily project in the Bronx; and a $1.85 million mid-construction loan for a mixed-use conversion in Waterbury, Connecticut. These deals illustrate the range of project sizes and scopes Bayport plans to support with the increased facility.

Leadership perspective and lender view

Bayport’s chief executive framed the new facility as a practical step to expand both reach and deal size while continuing support for existing borrowers and new sponsors. Executives at Webster Bank noted the decision to extend and upsize the facility reflects confidence in Bayport’s disciplined underwriting for residential developers and the demand for bridge financing in the markets Bayport serves.

What the lender brings

Webster Bank, headquartered in Stamford, Connecticut, provides commercial and consumer banking services as well as employee benefit solutions. The bank reports more than $65 billion in assets and operates a business-credit division that structures facilities for non-bank lenders and real estate companies. Its continued backing of Bayport follows a multi-year commercial relationship that both parties say has supported regional deal flow and, now, national expansion.

Market implications

The larger credit line should allow Bayport to scale its bridge lending program to reach more regional developers and investors, supporting projects that need short-term capital to move from groundwork through stabilization or sale. By increasing the per-loan capacity to as much as $10 million, Bayport aims to participate in larger ground-up and conversion projects while keeping its focus on residential and mixed-use product types.

What to watch

Observers will likely monitor the pace at which the company deploys the additional capital, the geographic spread of new loans, and whether underwriting standards remain consistent as volumes increase. The new facility arrives after sustained activity in urban and suburban housing projects in the region and follows a longer-term trend of private bridge lenders filling short-term financing gaps for developers.