Private Money, from private Lenders (individuals and companies)
Meaning every partner might have their own requirements and so each deal and each funding will be individually discussed.
GAP Funding
GAP funding usually covers a short term need for capital, since it is often in a junior / second position therefore this kind of funding comes with higher rates. Each funding undergoes its individual underwriting and rates and terms will be discussed on a case by case basis. All deals need to be collateralized, meaning secured by real property. If the subject property has not enough equity additional security needs to be provided.