Dallas, TX, August 31, 2017 --(PR.com
)-- Bay Mountain Capital, a direct lender providing short term financing to real estate investors since 2008, is expanding its product line to include extended term financing for rental properties.
Dean Lontos, Bay Mountain managing partner explained, “We are addressing a growing need in the marketplace, where borrowers purchasing rental properties are seeking 3 – 5 year terms.
"We have seen great success with our traditional Hard Money, 6 to 12 month, loan product, so this is an exciting opportunity to continue our company’s growth and provide real estate investors with the capital that they need to be successful.”
Bay Mountain recently closed a record $4.4 Million singe-loan transaction and continues to experience a high demand for their traditional loans that range between $50,000 and $500,000. Through a combination of swift execution of the transaction and fair pricing, Bay Mountain Capital makes the acquisition or development of a qualified real estate investment a smooth process. In most cases, they can close within one business day of having a complete, eligible loan file. Historically, these transactions have been served by banks, private investment firms and other sources.
Phil Sanchez, a Bay Mountain finance and investor relations professional, added, “Large hedge funds have been serving the rental property market for some time, so welcoming this category of borrower into the Bay Mountain Capital model is a natural next step for us. Income producing properties are very popular with real estate investors, and we share that optimism.”
Bay Mountain Capital has originated over 1,700 loans totaling more than $250 Million on residential and commercial properties in all the major markets across Texas, as well as Atlanta, Georgia.
For more information contact:
214-953-3188 Ext 4 (office)