gap financing

Gap Financing is a term mostly associated with mortgage loans or property loans.

He said there were several hundred pension funds he would like to tap for such "equity gap financing."

This request is for funding to be used as equity by the fund, to provide revolving loans and gap financing options to small businesses.

Companies with low credit ratings may get help with loans, the state providing up to one-third in low-interest gap financing.

Mortgage funds use investors' funds to extend short term gap financing, loans made to commercial borrowers secured by real estate.

Officials of Calpers project that its equity gap financing program will achieve a 20 percent rate of return, and that it is currently on track.

The Central Montana Growth Fund will provide vital loan capital to help meet the growing need for our gap financing products to assist small business.

Mr. Cantor said he was close to securing gap financing from New York State to cover projected increases in construction costs from the original budget.

"This is a small loan fund for people who need just a little gap financing to stay in their homes," said Jim Morgo, president of the Housing Partnership.

While LIHTC can be used to entice investors to a project, they seldom cover total development costs and developers must find additional sources of "gap financing".

The DC Council has already approved a Tax Increment Financing (TIF) package to provide gap financing for the project.

The funds would be available to provide gap financing to projects within Cascade, Glacier, Pondera, Teton, and Toole Counties.

The NTHP would now provide $6.9 million in gap financing in the form of tax credits for the OPO renovations and parking deck.

For this reason, as part of the American Recovery and Reinvestment Act, we included $2.25 billion in gap financing to restart low-income housing construction effected by the housing and credit crisis.

CDF administers the Kagawa Fund, a fund providing gap financing to housing cooperatives, and the Jacob Kaplan Fund for the development of senior housing cooperatives.

Even though Mr. Shannon has promised to offer gap financing for qualified residents who want to return from a no-interest equity mortgage pool, Mr. Gresham, a community activist who heads the Save Middle East Action Committee, said he was not interested.

The Virginia Small Business Financing Authority will use these funds to enhance the existing Virginia Capital Access Program; and the existing Economic Development Loan Fund, a loan participation program that provides subordinated gap financing to qualified small businesses.