BMC Set to See Another Record-Breaking Year
2021 was one of Bay Mountain Capital’s best years since 2017.
Last year, Bay Mountain Capital achieved a huge milestone and broke its previous record in loan originations. In 2017, BMC had successfully originated $47.2M in loans for borrowers. In 2021, we finally saw this record broken with $74.5M in originations.
In BMC’s lifetime, our team has originated over $550M in loans. Since 2008, we’ve added services that we offer to our borrowers as well as the markets where we function. Our team has expanded greatly, and we’re more prepared than ever to handle the ever-increasing flow of business.
This year alone, BMC has seen a lot of changes.
Due to market conditions, we removed (and eventually re-introduced) our rental program. Additionally, we’ve had to change rates and terms for our loan programs to stay competitive within the hard money space. We’ve moved into Florida, and we’ve both promoted from within and added new faces to our team. We’re stronger than ever, and even with an unpredictable long-term future for the housing market, we’re ready to help our borrowers achieve their investing goals.
Because of our resiliency and flexibility, we’re already flying past last year’s numbers. For the first three quarters of 2022, BMC has already achieved $76.5M in loan originations. We’re excited to continue closing on record loan numbers and set even greater goals for next year.
When asked his thoughts on our amazing year so far, this is what Will Dyer, Principal Member, had to say:
“I’m extremely proud of the work we’ve done so far here at BMC. The past few years have posed us with several challenges that we’ve been able to overcome, and I anticipate that we will finish out the current year strong.”