Gap Funding Request Letter

[Date]
[Gap Lender Name]
[Gap Lender Company]
[Gap Lender Address]
RE: Gap Funding Request — [Property Address]
    Requesting: $[Gap Amount] | Second Lien Position
Dear [Gap Lender Name],
INTRODUCTION:
I am writing to request gap funding in the amount of $[Gap Amount] for a real estate investment project at [Property Address], [City, State]. This letter provides a complete overview of the project, the first-position financing in place, the gap funding needed, and the proposed terms for your consideration.
PROJECT OVERVIEW:
Property Address: [Property Address]
Property Type: [Property Type]
Deal Type: [ ] Fix & Flip  [ ] BRRRR  [ ] Bridge  [ ] Other: ______
Acquisition Status: [ ] Under contract (closes [Close Date])  [ ] Already acquired on [Acquisition Date]
General Contractor: [GC Name] | License #: [GC License Number]
Estimated Rehab Timeline: [Rehab Timeline] weeks
TOTAL PROJECT COST BREAKDOWN:
Purchase Price: $[Purchase Price]

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