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Socked With A BIG Application Fee?

WE DO NOT PROVIDE 100% FINANCING

	Loans are made on the LOWER of value or price
	Loan to Value/Cost (LTV/LTC) is typically 50-65%
	Interest Rates are Deal Specific
	We Don't make money on 'Application Fees'

· Eclipse Financial can provide private placement financing for acquisition, construction or bridge money needs on short-term notice. Often, Eclipse closes a qualifying loan in less than 10 business days. Sometimes Faster.

· To qualify, loans must be placed in the Continental United States and not exceed 65% of the real property's value or purchase price or cost (LTV/LTC). The typical loan term is for one year with no pre-payment penalty. Loans can then be rolled over on a quarterly or yearly basis thereafter. Also, these loans may not be less than $500,000 or greater than $20 million. We will consider smaller loans on a case-by-case basis. Personal guarantees are typically required with this type of financing.

· Loan To Value (LTV/LTC) is typically calculated to be the lesser of the appraised value or the purchase price. For example, if you are able to purchase a property that appraises for $2mm for $1mm, the lower cost is used for underwriting purposes. In this example we could lend between $500,000-650,000. But there are exceptions. If you don't have any money in the deal, your ability to get a Hard Money loan is slight. Sorry, we don't provide 100% financing. If you find someone who does, let us know; we will pay you for that information!

· Many 'so called' Hard Money Lenders make their profits off of application fees. If you have been quoted an application fee above $10,000, call us, toll free at 1-866-427-1233, for a no cost or obligation quote. Let Eclipse help you with your short term or emergency financing needs.

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