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| Eclipse Mortgage Services (R) is your source for mezzanine financing. |
| Mezzanine financing is a hybrid of debt and equity financing, is generally not collateralized in a senior position. The property has an existing first mortgage that can not be prepaid. It may also be riskier than debt financing and therefore is not generally available with standard commercial lenders. |
| Mezzanine financing is typically found with venture capital companies and/or alternative lending institutions seeking a higher rate of return. |
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