Gap funding, often overlapping with bridge lending, provides the capital that fills the space between what a primary (senior) loan covers and the total funds a deal requires, frequently the down payment, renovation reserve, or the difference between purchase-plus-rehab cost and a hard money...
Log in to followI've been reading gap funding from both ends because I'll probably need it before I ever lend it, and the two versions of the protection story don't line up. Version one is that t…
Reading a junior participation draft where the standstill runs 120 days from the senior's default notice. During that window I can't accelerate, can't start any enforcement, can't…
Reading a subordination agreement a senior sent over for a gap piece and two clauses are doing a lot of work. One: the senior may deliver a payment blockage notice on any default…
A guy who has framed and finished work on two houses for people I know asked me for 25,000 to finish a flip. He offered 10% and said four months. What I have from him, verbally: p…