Seeking GAP Funding ASAP.

[Paul Krause]

I have a client that seeks $100K GAP funding for an SFR development in Los Angeles. Property is currently being refinanced but developer needs funds for architecture, permits and civil engineering that are coming due more quickly than the property will be refinanced. WELL above market rates for a 3-4 month term. Originally terms were seller-to-carry but she now needs be paid back more quickly because of an investment opportunity.