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New York & Tri-State  + Long Island  + Apartments  | 

Bayport Funding Provides $4M for Ground-Up East Hampton Property 

Bayport Funding, a direct portfolio lender, has provided a $3.6 million loan for the acquisition and construction of 8 Barnes Avenue in East Hampton.  

Located in Northwest Harbor, the property spans over one acre and will be developed into a 6,000-square-foot for-sale home with a pool and pool house. 

“The East Hampton housing market remains incredibly competitive,” said Marcia Kaufman, CEO of Bayport Funding. “Investors are eager to stake or add to their footprint in the area due to the high volume of vacation and rental activity.” 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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