Gap Lenders for a fix and flip?

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Chris SeveneyBusiness Member
Moderator
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
1y
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.

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  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    1y
    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.

    7e investments53 Reviews
    WebsiteView Page
    1Reply
  • Mike GrudzienPro Member
    Lender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes
    1y

    I completely concur with Chris!

    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    1y
    Quote from @Prashant Sheth:

    Hi


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


    Just work with a JV partner

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
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