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.”