PRIVATE REALTY FUNDING

2nd Mortgage Financing

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Welcome all owners of real estate who seek equity funding from their property!

• Do you need funding from or on your personal residence, residential investment property(s), or commercial investment property(s)?
• Have you exhausted your potential conventional funding sources (e.g., HELOC, 2 nd Mortgage Lender, Private Source, other…)?
• Do you have credit report deficiencies? Are you self employed and unable to prove income?

If your defined real property has requisite equity, EPI Fund WILL APPROVE YOU for its special funding program… and close in as short a period of time as FIVE BUSINESS DAYS !

EPI Fund Programs are Privately Funded

Summary of key qualifying factors to be accepted for EPI Fund Fast Cash Funding:

• Any fee simple real estate is considered (e.g., residential, commercial, land, multi-family, etc.);
• There will be a credit check performed on you, however, your credit history will on be slightly weighed as your application
• All programs are two years in term, and can be paid off at the sole option of the customer (principal) at any time within the two years at absolutely no penalty or added cost;
• You can not have any Federal Tax Liens recorded against you and/or anyone else who may be on title to the subject property;
• You can not have any Child Support Liens recorded against you and/or anyone else who may be on title to the subject property;
• Depending on the State in which the property resides, and that State's applicable homestead laws, the fact you may have court ordered Judgments against you may not impede your ability to complete EPI Fund Private Realty Funding;
• It is OK if you are in arrears (behind) on your mortgage payments, in foreclosure, behind on your property taxes, and even in a forced placed insurance status!

Requisite Equity Requirements:

Residential, Investment Residential, Commercial, and Multi-family property all must meet the same general requirements:

Sum Total of mortgages + Funding =< 80% of the Market Value of the Property

Explanation: the sum total of all payoff balances of your existing senior and, if applicable, junior mortgages, added to the amount of equity funding you seek from the respective property(s), should be equal to or less than 80% of the true market value of said property(s). This requirement only represents one of the qualifying factors in the underwriting process.

NOTE: EPI Fund will secure the services of a duly licensed, independent fee appraiser to establish a market value for each respective property.

To determine if you qualify for EPI Fund's equity funding program please answer the questions in the Equity Calculator from the menu bar above, answer the appropriate prompts, and click Calculate

Disclosures: EPI Fund members, officers, and or employees are not mortgage brokers nor is EPI Fund a mortgage brokerage entity. EPI Fund is a privately operated and funded limited liability company that, as part of its holdings portfolio, privately funds junior position loans secured by real estate in compliance with local laws and statutes from state to state where EPI Fund has elected to provide this opportunity. No representation will be made to the contrary by any EPI Fund representative or document. The risks associated with junior position financing are substantial and certain. The default rate on property with junior position financing is more than double than those without. There is also the added risk for junior lien position lenders of the holding costs associated with the senior lien on the securing property during the default period should this occur. These are some the primary reasons why hard money lenders generally set their loan-to-value ("LTV") ceilings at 70% instead of the 80% encumbrance offset funding ceiling set by EPI Fund in its private realty funding program.

Terms and Conditions of an EPI Fund Junior Position Loan

Two year term: loan shall be due and payable on the last day of the 24th month succeeding the month the loan originally closed;

Interest rate shall be determined by EPI Fund based on the following qualification factors:

LTV Ratio of the sum total of the existing senior lien and requested loan;
Credit rating of the borrower;
Type of financing instrument (Mortgage vs. Deed of Trust);
Terms and conditions of senior lien;
Default laws in the state of origination;

Interest only Note: there shall be no amortization payment schedule set up for the Note. The borrower may, however, make partial principal installments of the note throughout the term of the Note. Any such principal reduction payment shall cause the monthly interest only payment on the Note to adjust accordingly for the subsequent monthly payments

Account servicing shall be set up through an independent servicing agent in the state of origination. All costs of account servicing shall be borne by the borrower (on average estimated to be $200 for set up and $15-$25 per month for servicing):

Servicing shall be set up so that the borrower shall pay their existing senior lien payment, including impounds for property taxes and insurance, in conjunction with what would be the payment due EPI Fund on the junior lien, concurrently each month to the servicing agent;

No prepayment penalties shall be integrated into the Note. There shall also be no refunds or offsets for any discount fee charges or assessments should the borrower retire the loan prior to full term;

Appraisal and application fees: there is no application fee charged by EPI Fund to any borrower. Should a borrower agree to go forward with an EPI Fund private funding program, the borrower shall pay for and secure an appraisal of their property in advance of any loan commitment from EPI Fund. There are no refunds available once the appraisal has been ordered and performed. The borrower shall receive a copy of their appraisal upon their written request to EPI Fund.

Miscellaneous terms and conditions:

1. There must be a proper hazard insurance policy in place at closing, showing EPI Fund as an insured mortgagee along with the senior lien holder. If there is no hazard insurance policy in place at the time of application the cost for placement of same on the property may be paid for as part of the gross funding package;
2. All past due property taxes shall be brought current as part of the gross funding package;
3. If the borrower is presently in a Federal Bankruptcy Proceeding as a debtor he shall be required to either (a) terminate his/her petition or (b) secure a full release of the property from the bankruptcy estate before EPI Fund will consider underwriting the application. The borrower will be required to give EPI Fund full authority to communicate and correspond with the borrower's bankruptcy attorney;
4. All escrow and account servicing costs and fees shall be paid for as part of the gross funding package;
5. Account servicing shall be set up such that the senior and proposed junior liens, serviced concurrently, shall be paid one month in advance. This will ensure that all accounts are maintained in a timely manner throughout the Note term.
   1. All monthly payments thereafter shall be due on the 25th of each month;
6. The borrower must have proper, legal, unclouded fee simply title to the securing property in order to be considered for an EPI Fund private realty funding program.

Cost of Program

Each account is calculated individually as to the discount margins. No one file shall serve to set a precedent for any prior or future file regarding interest rate or discount margins. All files go through the same due diligence process and procedure to achieve those respective calculations. Monthly and discount margins are not solely predicated on any particular algorithm: the risk factors associated with the respective funding represent a subjective factor in the margin analysis. The following represents a summary description of each of the respective costs and margins pertinent to the EPI Fund private realty funding program:

* Apr: Appraisal

NO GUARANTEE OF APPROVAL!

Every new customer (borrower) will present a unique account opportunity for review by EPI Fund for its special private realty funding program. Each new account will offer its special challenges and opportunities toward the ultimate goal of EPI Fund approval. Inasmuch there are no guarantees offered or implied that any interested borrower will be approved for any EPI Fund program.

THANK YOU for your continued interest in EPI Fund private realty funding. To proceed with your interest, and assist EPI Fund in expediting its due diligence on your respective account, please complete the questionnaire below and click [Submit]. All information provided by our customers (borrowers) is confidential and will never be disseminated or distributed for any purpose other than as specifically defined herein.

You will be contacted within 24 business hours by a EPI Fund account representative after submitting your data below. If you have any questions please go to Contact EPI Fund and submit your questions.

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