How to Submit a Loan for Gap Funding on a Fix & Flip, Fix2Rent, or Ground-Up Construction Project

Gap Funding

Are you looking to secure gap funding for your next real estate endeavor—whether that’s a fix & flip, fix-to-rent, or a ground-up construction project? Look no further! We’ve put together a straightforward process to help you understand exactly what’s needed to get started.

What is Gap Funding?

Gap funding, or gap financing, helps cover the difference (“gap”) between your primary loan and the total cost needed to complete your real estate project. It can be a lifeline for investors wanting to leverage more capital without dipping further into their pockets.

Step 1: Complete the Quick Quote

1. Visit Our Quick Quote Page
The journey begins at our Quick Quote page. This is the easiest way to submit essential information about your project.

2. Enter Basic Project Details
Provide preliminary details such as property location, estimated costs, and a brief overview of your project’s scope. Don’t worry if you don’t have all the numbers locked down yet—just share what you know.

Step 2: Choose the Right Loan Type

1. Fix & Flip
Ideal for investors planning to renovate and resell a property in a short time frame.

2. Fix-to-Rent
Perfect for those who intend to repair and hold the property as a rental for long-term income.

3. Ground-Up Construction
If you’re starting from scratch on a new build or an extensive renovation, choose the ground-up construction option.

Step 3: Determine Your Desired Leverage

After selecting your loan type, you’ll be prompted to indicate your preferred leverage (loan-to-value ratio). This ensures that the financing terms are tailored to your project’s specific needs and your personal risk tolerance.

Step 4: Provide a Detailed Project Summary

1. Describe Your Vision
In the project summary, detail everything from the current state of the property to the final outcome you envision. For a fix & flip or fix-to-rent, include your renovation plan, timeline, and estimated resale or rental value. For a ground-up construction, outline the construction phases and expected timelines.

2. Include Key Numbers

  • Purchase Price / Lot Cost
  • Estimated Rehab or Construction Budget
  • After-Repair Value (ARV) or Projected Property Value

3. Don’t Sweat the Unknowns
If you’re unsure about any specifics, just do your best. Our team will assist in clarifying the details later.

Short Term Rental

Step 5: Watch for the Automated Email

1. Verify Your Information
After submitting the Quick Quote form, you’ll receive an automated email with a summary of your entries. Review this information carefully; it’s your chance to make sure we have everything correct.


2. Upload Supporting Documents

  • Project Plans or Contractor Estimates
  • Comparable Sales or Rental Data
  • Photos or Blueprints
  • Any Additional Financial Documents
  • Upload as many relevant documents as possible to speed up the review and approval process.

Step 6: Communication & Approval

1. Reach Out with Questions
Our team is here to help. If anything is unclear or if you need further guidance on the process, don’t hesitate to contact us.

2. Initial Review & Terms
Once your documents are received and reviewed, our team will provide you with potential loan terms, including interest rates, fees, and other important details.

3. Finalize & Fund
After you agree on the terms, we’ll finalize the paperwork and move forward with funding your gap loan. You’re one step closer to completing your project!

Why Work with Us?

Streamlined Process: Our Quick Quote and automated email system ensure a fast, hassle-free start.
Flexible Solutions: Whether it’s a fix & flip, fix-to-rent, or ground-up construction, we tailor our loans to your project’s specific requirements.
Expert Support: From initial inquiry to final funding, our experienced team is ready to help you navigate each step.

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✦ New Program — Now Available

Ground Up Construction
For Every Experience Level

Levine Capital now offers financing for first-time builders. Whether you are brand new to construction or a seasoned developer, we have a program built for you.

🏗

New: Beginner Builder Program — No Prior Ground-Up Experience Required

We work with experienced General Contractors to make new construction accessible to first-time investors. If you have a solid GC and a viable project, we want to fund it.

🏠
Ground Standard
For newer real estate investors
85%
of Total Project Costs
  • Experience Required1–2 prior ground-up builds
  • Max Loan-to-ARVUp to 70%
  • Term Length12 to 18 months
  • RecourseFull recourse
Get a Free Quote
Most Popular
🏆
Experienced Developer
For seasoned construction professionals
90%
of Total Project Costs
  • Experience Required3+ ground-up builds
  • Max Loan-to-ARVUp to 70%
  • Term Length12 to 24 months
  • RecourseFull recourse
Get a Free Quote

Beginner Builder — Quick Requirements Checklist

💳
660+
Min FICO Score
📐
80%
Max LTC
🏡
65%
Max Loan-to-ARV
📅
18 Mo
Max Term
💰
$50K+
Min Loan Amount
🔨
GC
Licensed GC Required

How to Get Funded in 5 Steps

1
Submit Quick Quote
Fill out our 60-second form with your project details
2
Get Pre-Screened
Our team reviews your scenario and sends a preliminary quote
3
Submit Documents
Upload plans, permits, GC contract, and borrower docs
4
Underwriting
Fast review with draw schedule and term sheet issued
5
Close and Build
Funds released in draws as construction milestones are hit

Ready to build? Get a free quote in under 60 seconds.

Get My Free Construction Quote →

* Rates starting at 8.99%. Actual rates vary based on borrower profile and project details. Non-owner-occupied only.