Bay Mountain Capital

About Bay Mountain Capital

Bay Mountain Capital (BMC) is a direct, discretionary private lender, focusing on providing diverse and transparent financing across a variety of residential and commercial property types. BMC’s extensive experience enables it to fund short-term 1st mortgage fix and flip, rental loans, construction, and even ground-up development loans. BMC was founded in 2008 and since that time has funded over $354 million secured by over 2,000 properties. BMC employs a common sense, streamlined approach to lending in Texas, neighboring states, and the Southeast.

The firm is headquartered in Dallas, Texas, and operates via four core principles of integrity, respect, improvement, and excellence. Borrowers who choose financing through BMC will be treated as a partner, not just a prospect.

BMC recently funded a $4.4 million private, short-term land purchase loan located in Austin, TX. BMC also recently funded a $210,000 industrial and retail property refinance located in San Antonio, TX.

Contact Bay Mountain Capital:

  • Visit Bay Mountain Capital’s Website
  • 3710 Rawlins, Suite 1390, Dallas, Texas 75219

Loan Programs

BMC provides short-term private loans from $50,000 to $5 million secured by investment residential real estate and commercial real estate. BMC specializes in delivering financing secured by non-owner occupied 1 to 4 unit residential, retail, multifamily, mixed-use, hospitality, office, industrial, flex space, and land. BMC loan proceeds can be used for purchase, refinance, cash-out, fix and flip, rental loans, construction, or ground-up new development. BMC prides itself on providing accuracy and speed throughout its loan process, enabling a quick closing in as little as 10 business days. BMC underwrites and services all of its loans internally so you are always dealing with the decision maker, and are never subject to “bait and switch” tactics.

Below is a sampling of reasons why a borrower would seek financing from Bay Mountain Capital:

  • The borrower has a fix and flip, rental, new construction, or development project in Texas, or the Southeast, and needs a no-nonsense, affordable private loan
  • Short-term, competitively priced real estate secured financing that can close quickly is required
  • The borrower has special-purpose collateral such as hospitality or land that is not eligible for financing from other private or conventional lenders
  • For value-add properties requiring short-term debt to execute a business plan prior to sale, or refinance with conventional debt
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Private Loan Program Highlights / Guidelines

A private loan or bridge loan, is a short-term loan that usually assists in bridging a borrower from a less favorable situation to a more favorable situation. For example, a borrower may take out a bridge loan to pull cash-out of his property to pay off lingering debt and improve a low credit score, so he can refinance into a permanent loan. Collateral is essential to BMC’s programs and borrowers without hard commercial real estate or investment residential real estate are not eligible for financing.

Commercial Real Estate Loans

Loan sizes from $50,000 to $5 million

  • Loans secured by a variety of asset types including retail, multifamily, mixed-use, office, flex space, hospitality, industrial, land and ground-up development
  • No set minimum credit score requirement
  • Loan-to-value (LTV) generally up to 70% of stabilized value, and loan-to-cost (LTC) up to 90%
  • 1st lien mortgages only (subordinate financing may be considered case-by-case)
  • 6 to 12 month loan terms with extensions available case-by-case
  • Interest rates are interest only and start at 10%
  • Loan origination fees are 2% to 3% of the loan amount plus a $1,295 processing fee
  • Full recourse financing (limited and non-recourse available case-by-case)
  • Closings can occur in 10 business days
  • Foreign national financing is available

Residential Real Estate Loans

Loan sizes from $50,000 to $5 million

  • Loans secured by non-owner occupied single family, 2 to 4 unit residential, town homes, and condominiums
  • Financing for acquisition and rehab (fix and flip), expansion/remodel, value add re-positioning, bridge to refinance, cash-out refinance, new construction
  • 600 minimum credit score requirement (lower scores considered case-by-case)
  • Loan-to-value (LTV) generally up to 75% of as renovated value, and loan-to-cost (LTC) up to 100%
  • 1st lien mortgages only (subordinate financing may be considered case-by-case)
  • 6, 12, 36, and 60 month loan terms with extensions available case-by-case
  • Interest rates are interest only and start at 7%
  • Loan origination fees are 2% to 4% of the loan amount plus a $945 processing fee
  • Full recourse financing (limited and non-recourse available case-by-case)
  • Closings can occur in 1 business day after file completion
  • Foreign national financing is available

The Loan Process

LendVer did not shadow the application or loan process for BMC but its website offers basic information about how to get started. Applicants are encouraged to fill out a short online application form or to contact BMC directly to start an application.

Bay Mountain Capital has an easy 3-step loan process that includes application, underwriting (approval of loan terms and appraisal engagement happen during this stage), and closing (title and insurance will be opened and cleared in this part of the process). During the application process BMC will evaluate all pertinent documentation which may include but is not limited to the following:

  • Executed Purchase and Sales Agreement (if applicable)
  • Sources and Uses Schedule
  • Rehab/Construction Budget (if applicable)
  • Corporate Documents (if closing in an entity)
  • Financial Information (tax returns may be required)
  • Third-Party Appraisal (to be ordered by BMC)

Assuming all of the information provided to BMC is amenable, loan closing typically occurs within 1 business day following completion of your loan file (total closing time averages 10 to 14 business days). BMC has in-house underwriting, processing and servicing which helps expedite the loan process. BMC is dedicated to speed and transparency throughout its loan process, and will maintain an open line of communication with the borrower throughout all stages.

Pros

  • BMC can fund from $50,000 to $5 million in Texas and the Southeast, in as little as 10 business days, and for a variety of transaction and collateral types.
  • BMC will make land loans, new construction loans, and ground-up development loans.
  • BMC has a low credit score minimum and will also provide financing to foreign nationals.
  • BMC offers high loan-to-cost financing up to 100% in some cases.
  • BMC has funded over 2,000 loans and focuses on integrity and transparency, making it a valuable financing partner for any borrower.

Cons

  • In some cases, larger loans sizes approaching $5 million will require participation by another lender.
  • BMC only lends in Texas, neighboring states, and parts of the Southeast.

Why Bay Mountain Capital is the Best

Bay Mountain Capital has operated as a premier Texas and Southeast private lender since 2008 and has funded over $354 million, secured by 2,000+ properties. BMC’s experience in the asset classes and markets where it lends enables it to close loans in as little as 10 business days; and all processing, underwriting and loan servicing is done in-house. BMC offers loan sizes from $50,000 to $5 million, providing capital to borrowers with a wide range of financing needs including unique collateral such as land and hospitality. BMC is also experienced at funding renovation, new construction, and ground-up development loans which other private lenders shy away from. BMC is committed to building long-lasting client relationships through integrity, respect, improvement, and excellence.

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