NEW YORK, NY - Bayport Funding, a leading direct bridge lender for real estate investors, has provided a $3.35 million acquisition and construction loan for the single-family conversion of a multifamily brownstone in Boerum Hill, Brooklyn. The three-story, approximately 2,576 square-foot property was built in 1899 and comprises four bedrooms and three bathrooms.
“Brooklyn’s multifamily market is performing well by the numbers year-over-year, which is aligned with the consistent.
NEW YORK, NY - Bayport Funding, a leading direct bridge lender for real estate investors, has provided a $1.78 million acquisition and construction loan for a two-story, 2,555-square-foot single family townhouse in Crown Heights, Brooklyn. The developer is in the process of renovating and expanding this 1906-built home to meet the demand for single family homes in one of Brooklyn’s most popular neighborhoods.
“New York’s multifamily market saw a significant quarterly.
NEW YORK, NY - Bayport Funding, a leading direct portfolio lender for real estate investors, has provided a $3.06 million acquisition and construction loan for 445 5th Street, Brooklyn, NY a prime Park Slope property containing one single family home that will be converted into two multifamily rentals. The financing supports a complete restoration of the brownstone as well as vertical and horizon extensions.
“Park Slope remains one of the most highly coveted neighborhoods both in.
NEW YORK, NY - Bayport Funding, a leading direct portfolio lender for real estate investors, has provided a $4.95 million acquisition loan for a prime Williamsburg site containing two existing mixed use buildings that will each be converted into four-story residential rental buildings with ground floor retail space.
“Williamsburg has been a highly in-demand market for more than two decades, serving as one of the prime foundations for Brooklyn’s continued real estate growth,”.
NEW YORK, NY - Bayport Funding, a leading direct portfolio lender for real estate investors, has provided a $4.7 million acquisition and construction loan for the ground-up construction of 76 West 105th Street. The six-story property, developed by Moonshot Development, will span nearly 7,000 square feet across two triplex townhomes.
“Manhattan is the only New York borough to experience a population increase following the pandemic, and the Upper West Side led that trend with a roughly.