Gap Funding for Your Fix & Flip
Second-position capital built for experienced fix & flip operators who need additional funds to close and execute. Eligible use of funds includes down payment , closing costs , or rehab — strictly within the project scope.
Best Fit
Operators who have a documented track record, a clear scope/budget, and a defined exit strategy (sale or refinance) on a Fix & Flip.
Eligible Use of Funds
Down payment, closing costs, and rehab — funding must directly support the subject project.
2nd Lien Position
Designed to complement your first-position financing and help you close without disrupting the primary loan.
Program Overview
Our Gap Funding program provides a 2nd lien position to complement your first-position financing on eligible Fix & Flip transactions. This program is built for borrowers with a proven track record and strong collateral support.
- Position: 2nd lien / second position
- Repayment: monthly interest-only payments during the term
- Purpose: fill the capital gap so your deal can close and move to construction
- Fix & Flip only: funds must stay within the project scope
Terms & Pricing
- Interest rate: 10%
- Monthly payments: interest-only paid monthly
- Term options: 2–3 months typical • up to 6 months available
- Funding timeframe: 7–15 days depending on structure, documentation, and collateral
Borrower Requirements
This program is reserved for experienced operators who can demonstrate successful execution and a reliable exit strategy.
- Experience required: completed fix & flips sold and/or rentals held
- Track record minimum: at least 4 completed deals (sold or held) in the last 3 years
- Collateral: strong collateral required (subject property and/or additional collateral as applicable)
- Use of funds: down payment, closing costs, or rehab only
Eligible Uses vs. Not Allowed
- Down payment
- Closing costs
- Rehab / materials / labor within scope
- Project carry items (only if tied to the deal structure)
- Personal expenses or debt payoff
- Marketing unrelated to the project
- Unverified “misc.” line items
- Any use outside the subject Fix & Flip scope
Documentation Checklist
Having these ready upfront helps us keep your timeline inside the 7–15 day window:
- Purchase contract (fully executed)
- Rehab scope + budget (line-item format preferred)
- Project timeline (start date + estimated completion)
- Proof of experience (HUDs/settlement statements, rent rolls if hold)
- Photos / property condition (if available)
- Exit strategy (sale plan or refinance plan)
Example Structures
These are illustrative examples to help you understand how second-position capital is commonly structured. Final terms vary by collateral and underwriting.
Process Timeline
Gap Funding FAQs
Is this program only for Fix & Flip projects?
Yes. This Gap Funding program is designed specifically for Fix & Flip transactions and may only be used for down payment, closing costs, or rehab within the project scope.
Do you require experience?
Yes. Borrowers must demonstrate a proven track record—typically at least 4 completed deals (sold or held) in the last 3 years—plus strong collateral support.
How are payments handled?
Payments are monthly interest-only during the term. Terms are commonly 2–3 months, with up to 6 months available depending on structure.
How fast can it close?
Typical timelines are 7–15 days, driven mainly by document readiness, collateral review, and deal structure.
Can this be used for personal expenses or other business needs?
No. Funds must stay within the subject project scope (down payment, closing costs, rehab). Items outside the project scope are not eligible.