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 followClosing a 3/1 in a working class suburb next week. Purchase 168k, rehab budget 52k, ARV I'm underwriting at 285k. My hard money lender does 85% of purchase and 100% of rehab, but…
Borrower is doing a heavy rehab on a 12 unit in a secondary market. Purchase 640k, budget 210k, senior bridge loan 700k from a private lender, stabilized value the borrower puts a…
Numbers first, then the part I can't settle. Purchase 285,000, off market 3/2 in a first ring suburb that turns over fast. Rehab 95,000 from my GC, and I'm confident on maybe 80 o…
I have 60,000 that has been sitting in a savings account doing very little and I have spent two months looking at exactly two options. I want the version that works, so I'm puttin…
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…