Gap Funders (No Equity Finance Lenders)

2 Replies

Jump to latestLatest
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    2y
    Quote from @Sala Davetawalu:

    In search of gap funder for first property. 

    PP: 200K
    RC: 80K
    ARV: 550K
    No 50-50 Equity funders 


     Funding partners will want to know the amount of the first lien position and how much of a down payment you are providing. If you are looking for 100% then only people around for a 2nd right now are scammers or people wanting considerable equity in the deal. Those are treating it like a syndication where they want a preferred return with majority of upside. Could you find better, yes - but if those numbers are what you say they are, giving up a little more and getting something is better than nothing. 

    7e investments53 Reviews
    WebsiteView Page
    0Reply
  • Sala Davetawalu
    OP
    Member since 2023 · 10 posts · 1 vote
    2y

    Highly noted @Chris Seveney. Appreciate the advise.

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free