Need more $, what’s your take on gap funding
Hey all I’m a contractor with a heloc of 80k in nj, would need more funding for what I want to do, new to rei, my Hard money lender recommended a gap funding solution company, I spoke with them and they said they can get me another 25-100k on a business loc for prime plus 1.5 but they fee with be 6% of loan for a one time only. And continue to work with me and strategies etc, do you think it’s worth it the 6% or couldn’t I just go do that on my own?