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Gap Lending

Technique

1 creator

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..."

Pace Morby

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Products are related to this topic through catalog tags. Quotes describe the creator’s stated use; they are not necessarily recommendations for this topic.

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