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 followNothing to show for this one, which is why I'm posting it. I had a 2 bed cottage in a older part of town under contract at 142k, rehab I scoped at 46k, comps supporting 245k to 25…
The part that worried me was getting paid, not the rate. Small three bedroom flip in a working class suburb, all in at 218k purchase plus rehab, hard money senior funded 175k, bor…
Not a big story but the mechanics are the kind of thing I wanted explained when I started, so here it is. I had a 4 unit under contract at 340k in a modest neighborhood, all four…
Small position, 50k, but it's the first one I did where the paper worked the way I wanted, so I'm writing it down. Deal was a single family flip in a first ring suburb, purchase 1…
I manage this building. Owner bought it as a value add, 6 units in a decent inner ring suburb, and came up 40k short at closing in 2022. I'd been collecting rent for him for two y…