gap financing

Also found in: Wikipedia.

Gap Loan

Financing that is needed but unavailable. A common solution to filling a gap is borrowing. See also: Bridge loan.

gap financing

A loan that covers the difference between the construction loan and the permanent financing.See bridge loan.

Mentioned in ?
References in periodicals archive ?
The Metropolitan Business Development Corporation (METCO) governs metro government's small business loans, which include facade, accessibility, and gap financing loans.
Since its launch in 2015, the MEDC Toolbox, which defrays cost through gap financing, tax reimbursements, rental assistance, beautification grants and amenities funding, has helped a total of 13 businesses open or grow in Marlborough, filling close to 90,000 SF of commercial space, retaining 48 existing jobs and creating 214 new jobs.
In terms of money that goes towards affordable housing and homelessness prevention, the HOME program is one of the most critical sources of gap financing for our projects here in New York and everywhere else.
He said under public private partnership, the Punjab government had played its role in viability gap financing in the construction of 30-kg long southern loop convinced FWO to complete construction work in Rs 4.
Additionally, MB sponsored the Affordable Housing Program application for the project, which provided the critical gap financing.
calling regularly to see when its invoices are going to be paid, or asking for cash on delivery) or one that's having a difficult time filling orders due to rapid expansion, could be a good candidate for this type of gap financing.
In either case, concerns with gap financing (CDBG, HOME, AHP, CFFP) could arise and the developer may have seen headlines regarding "Choice" and "RAD.
The rest was culled from Hungarian and Canadian financing, a bank loan, gap financing and a post-production investor).
The Michigan Business Development Program provides grants, loans and other economic assistance to qualified businesses that make investments or create jobs in Michigan, with preference given to businesses that need additional assistance for deal-closing and for second-stage gap financing.
The two partners plan to invest USD800m (EUR615m) in real estate debt, mainly in gap financing for projects in transition across the country, they said.
Sher was unable to discuss in detail the terms of the gap financing, and Worldview did not respond to repeated requests for comment.
Banks would provide gap financing to producers, then insure the loans in case sales targets were missed and producers couldn't make good.