15d • 🪙 Deals
Asking for advice
Hey family! Looking for some guidance from those with experience in gap funding.
I have a deal where a borrower is asking for $100K in a 2nd lien position. Here are the numbers:
📌 Purchase Price: $3,300,000
📌 Rehab Budget: $16,000,000
📌 ARV: $28,000,000
📌 Completion: 0% (ground up)
Given the 2nd lien position and the fact the project hasn't broken ground yet — how would you structure this?
Specifically looking for thoughts on:
- Points upfront
- Interest rate
- Fee structure
- Any other terms you'd require to protect yourself
What would YOU charge on a $100K gap in this situation? Drop your experience below 👇😃
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1 comment
Asking for advice
skool.com/fundinghub
Bird dog transactional funding (gator lending), get a White Label site, and work w Owners Club member, Paul, making money via EMD, DC & morby method
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