Close the gap on the right deal.
Supplemental capital that may help bridge the difference between senior debt and total project cost, on select qualifying deals through approved partners.
When senior debt isn’t enough.
Gap financing can cover part of the difference between a senior loan and the total cost of a project. Select equity partnerships may be considered on qualifying deals.
- Investors with a strong deal and a funding shortfall
- Projects with a senior loan already in place or in process
- Experienced operators with a clear exit
What the program can look like.
Illustrative structure only. Each lending partner sets its own leverage, pricing, terms and requirements.
Rates, leverage, terms, draw structures, interest-reserve and non-Dutch interest features, and closing timelines are not guaranteed. They vary by lending partner and program and are subject to underwriting, appraisal, title review and approval. Business-purpose investment property only.
How gap financing fits a deal.
Gap capital sits alongside senior debt. Every arrangement must work for the borrower, the senior lender and the gap partner.
Senior loan first
The primary loan is sized by the senior lender.
Gap sized to the shortfall
Supplemental capital may cover part of what remains, subject to approval.
Senior lender consent
Many senior lenders limit or prohibit secondary financing; this is checked early.
Clear exit
Sale or refinance must repay both positions.
Documents lenders commonly ask for.
The exact list depends on the lending partner. Please don’t email SSNs, bank statements or ID documents — we’ll share a secure upload link when it’s time.
- Senior loan term sheet or status
- Full project budget and capital stack
- Track record
- Exit plan and supporting comps
Common questions.
Is gap financing always available?
No. It is offered on select qualifying deals only and is subject to approval by the partner and, where applicable, the senior lender.
What is an equity partnership?
A partner contributes capital in exchange for a share of project profits instead of (or in addition to) interest. Whether it fits depends on the deal, and we review it with you during your inquiry.
