Gap funding is a lending strategy that isn’t always discussed or understood by real estate investors. This week, Travis and Kevin discuss gap funding and exactly what it means to use gap funding. Along with giving a great detailed description of what gap funding is, how it works, and when it may be used, they review a deal as an example of when gap funding was used and how it played out.
A large reason why Pine Financial Group tries to sway away from gap funding is because of the risks that can come with it, especially when you are not in a senior position. Instead, we are a private money lender that does our best to lend our clients 100% of their purchase, repairs, and closing costs, up to 70% of their after repaired value, so they are not in need of any extra funds.
If you would like more information on private money lending, please visit http://www.pineinvestments.com or feel free to reach out to us by email or phone call with any questions and we will do our best to answer them! For more information on our loan products, please visit http://www.pinefinancialgroup.com.