Latest Articles
Gap Financing

Word of the day
Gap Financing
The financing used to make up the difference between the underlying loan (floor loan) and the total amount required. Gap financing usually fills a temporary need until permanent financing is obtained, and thus is sometimes called a bridge loan or swing loan. Gap financing may also be used when permanent takeout financing is difficult to obtain or is too expensive. By obtaining gap financing and waiting, it is possible that more favorable terms may be reached.

Related Post

Industry, Residential Real Estate, Education
Library of Real Estate Clauses
December 16, 2018

Brokerage, Technology, Consumer News, Residential Real Estate, Education, Misc
Short Sales and Tips for Newly Licensed Real Estate Agents
December 5, 2018

Brokerage, Consumer News, Residential Real Estate, Misc
Unilateral Contract VS Bilateral Contract
November 23, 2018