Gap funding for fix & flips?

[Travis Andres]

I’ve heard about ‘gap funding’ for fix & flips to cover down/closing/holding costs in addition to the hard money loan for most of the purchase price & rehab, but how realistic is it to secure that type of funding?

[Chris Seveney]

@Travis Andres

If you do not have other assets to secure against - your best bet would be a private lender willing to take risk of essentially providing an unsecured loan.

There are people out there that do this - expect very high interest rates.