Anyone Navigated GAP Funding on New Construction Deals?

[Yehuda Magristo]

Hi everyone,

I’m working on a ground-up construction deal in Texas and getting close to the finish line. I already have a primary loan secured for the land and build, but I’m exploring options to bridge a small funding gap between loan proceeds and total project cost.

Curious to hear from others:

• Have you used a second-position lender or alternative structure to cover that gap?

• Any creative or experience-based tips for structuring something clean and simple?

• What worked (or didn’t) when you had to cover a shortfall to get a project moving?

Appreciate any insights or experiences—feel free to DM if this is a conversation better had offline.

Thanks in advance!