Fix & Flip Program
ATTENTION INVESTORS
You were invited to our website to get Pre-Approved for our Fix & Flip Program. Eclipse Funding LLC Fix & Flip Program is designed for the following types of properties:
- Single Familydwellings
- 2 to 4 Units Multi-Family
- (5-10+ Units) Mix Use
- Condos And More…
If you are interested in rehabbing any of the property types above, then our program is great for you.
Eclipse Funding LLC- FIX & FLIP PROGRAM IS AVAILABLE NATIONWIDE!
This program has standard guidelines and here’s just a few:
- Loan Amounts: (1-4 Units) $50K to $5M
- Loan Amounts: (5+ Units) $500K to $5M
- Term: (1-5+ Units) 12mos – 18mos
- LTV: (1-4 Units) Up to 90%
- LTV: (5+ Units) Up to 75%
- ARV: (1-5+ Units) Up to 70%
- Total Project Cost : (1-4 Units) Up to 85%
- Total Project Cost: (5+ Units) Up to 90%
- Rates: (1-5+ Units) 11% to 14%+
- FICO: (1-4 Units) 620+
- FICO: (5+ Units) 680+
- LTV for Rehab: (1-5+ Units) 100%
Download the full Guidelines to better understand if your project is a good fit:
NOTE: All projects that does not fit our Wholesale Guidelines, we may get your project closed on the Retail side. Submit your application today to start the 3-Step Process to determine approval.
- Must be able to show proof of down payment
- A Tri-Merge Credit Report fee of $57
- A valid Driver’s License or State ID
- Must have a Checking Account
- Application Fee $295 WAIVED
- A Social Security number
Checklist Below, you’ll find the documents that are needed to receive a Conditional Quote
- Agreement of Sale (if purchase)
- Articles of Incorporation
- EIN & signed Operating Agreement
- Bank Statements: 6mos of Personal AND 6mos of Business (all pages)
- Contractor’s Budget (See attached to email)
- Contractor On-boarding Package (See attached to email)
- Disclosures (It will be emailed to you)
- Driver’s license or State ID. (Must be color for verification purposes)
- Fix & Flip Questionnaire (See attached to email)
- Guarantor Form (download from our website)
- Payoff (if refinance)
- Personal Financial Statement (See attached to email)
- Property Management Questionnaire (See attached to email)
- Social Security card
Here are the steps moving forward
- Subject Property Address in Subject Line when sending back the documents.
- Budget of project, purchase price, or Loan Amount.
- After Repair Value if Fix and Flip or Current Value if DSCR / Refinance
- Down Payment -Bank Statement or Statement for down payment if applicable.
- Check your credit scores here: / send or upload a copy of the report and all scores.
- Please send me a copy of your credit report with scores and the attached documents.
- Please see the attached loan application, credit authorization and all documents needed to move forward.
Send all documents on checklist to: info@myfundingmentor.com
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