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Prashant Sheth
  • Rental Property Investor
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Gap Lenders for a fix and flip?

Prashant Sheth
  • Rental Property Investor
Posted

Hi


is there a list of Qualified Gap Lenders available? Or how does one find that particular type of lending?

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Chris Seveney
  • Investor
  • VA
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Chris Seveney
  • Investor
  • VA
ModeratorReplied
Quote from @Prashant Sheth:

Hi


is there a list of Qualified Gap Lenders available? Or how does one find that particular type of lending?


 There is no list of qualified gap lenders -90% of them online are scammers as the reality is any sane investor will not take the risk of financing up to 100% of the transaction - and if they do it will be at credit card rates which makes the deal metrics almost never work.

only time it works is if there is a borrower who has other assets that they can cross collateralize.

  • Chris Seveney
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