Gap Lending
Technique
Providing the 30% down payment and renovation funds that hard money lenders won't cover, secured by taking ownership of the asset
"I do gap lending a lot of times. I go to hard money lenders and go, 'If you ever have a borrower that doesn't have the down payment, let me cover the down payment.' So, I'll do the gap and then I'll also do the renovation. I take the ownership of this asset..."