Bay Mountain Capital’s (BMC) purpose centers on a foundation of four core values that guide how we operate and make business decisions; Integrity, Respect, Improvement, and Excellence.
BMC’s fundamental values are to achieve excellence through constant improvement, and to treat everyone with respect and integrity. We live these values through the strong relationships we build, the way we serve our clients thus building a strong foundation and guiding principle for business.
We do this by fixating on the critical services real estate borrowers need to finance and profit from their projects. By valuing people as highly as profits, the BMC team filters all its decisions through a lense of how to support borrowers from start to finish.
The BMC team proactively shares its considerable real estate experience to guide borrowers. We work with all our borrowers, and in particular less experienced flippers, by reviewing rehab budgets during the origination phase to providing an honest assessment of their business plans. With our more experienced borrowers, those who’ve had multiple loans with BMC, we bring our knowledge to help them package an investment that might require some flexibility.
ln every relationship, we see our borrowers as partners. Our goal is to originate loans that will perform and be profitable for all involved. However, profitability isn’t a short term goal. Profitability means borrowers will want to continue to work with BMC on project after project.
In an industry where the term “predatory” gets thrown around, BMC is not a hard money lender that looks to take over financed properties due to defaulting loans or overwhelmed borrowers. We align our interests with our borrowers’ interests. The BMC team guides borrowers in every phase. In doing so, we commit our expertise to optimizing the lending and loan servicing experience for our borrowers.
Our bottom line: We treat people fairly and with respect, as a true partnership requires.
For us, excellence and improvement mean always finding ways to streamline and improve our application, underwriting, and servicing processes. We want to finance profitable deals, of course, but we also want to create the best experience for our borrowers.
We aim to accelerate the timeframe between application to close. The BMC underwriting process has been compressed over the years by minimizing the documentation required to the essentials. Our drive to constantly improve the borrower experience compels the BMC team to search out opportunities – large and small – to make their lives’ easier.
Another important part of simplifying our process and operating with integrity means not springing a host of undisclosed fees on borrowers during a closing. All fees, including the lender fee, are disclosed early on. Borrowers know exactly what they’re paying when they’re deciding whether to move forward.
Our vision of excellence keeps us conscious and focused on always improving timeliness in every phase of a project. From processing draws quickly to providing pay-off statements within 48 hours, the BMC team works hard to smooth a borrower’s path toward closing the resale quickly.
The combined breadth and wealth of real estate experience the BMC team brings to each deal is critical to realizing strong, consistent returns. However, our expertise is only one aspect of achieving success for all our stakeholders and our company. It’s equally essential for us to communicate openly and honestly with both borrowers and investors. This is the path for building lasting relationships.
Living our values of achieving excellence through constant improvement and treating all with respect and integrity benefits all our partners. BMC values when our borrowers to return to us for future projects, and our investors to sustain their commitments to our funds. We believe that for BMC, our core values and profitability are inextricably linked.
Excellence- We consistently strive to find ways to streamline and improve our application, underwriting, and servicing processes.
Improvement- Our drive to constantly improve the borrower experience compels the BMC team to search out opportunities – large and small.
Integrity-By being honest and transparent, we align our interests with our borrowers’ from start to finish.
Respect- In every relationship, we align our interests as a partner, not a lender.
Bay Mountain Capital has been in business for more than a decade, closing approximately 2,000 loans over that time period. We specialize in financing all types of residential and commercial property investments throughout Texas. Using a common sense and value added approach, we strive to incorporate these principles into our underwriting and closing processes. We are a Dallas Hard Money Lender, but we do business in Austin, Houston and beyond!
As a direct lender, Bay Mountain Capital can close a loan within one day after receiving clear title and a complete file. The process takes from two to three weeks, but can be accelerated where circumstances require it.
We are an asset-based lender, which means that qualification requirements are limited. Our rates and fees are among the lowest in the industry.