Equity Wave Lending, Inc.
| 2355 Main Street, Ste 230, Irvine, CA 92614
Phone: (949) 252-0025 | Fax: (949) 252-0525
www.equitywavelending.com
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Available Trust Deeds - March 5, 2019
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Here is our current list of available trust deeds.
If you like a trust deed, and wish to see more, simply click the link at the bottom of each Trust Deed to request it.
Please remember the rates posted for each TD are not the "note rate" but the "net rate" to you after the our servicing spread is collected.
We have your needs covered:
✔ Fractional portions available
✔ Over 25 years experience
✔ Over 100 years combined underwriting experience
✔ Competitive servicing program tailored to your needs
✔ ACH direct deposit
✔ Online portal access
✔ Self-directed IRAs OK
✔ Active Department of Business Oversight license
✔ Active California Bureau of Real Estate license
✔ A+ broker license CALBRE record since 1989
✔ Active California Mortgage Association Member
✔ E and O insurance
✔ Fidelity insurance
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*Please note EWL will be posting the newsletter on
Tuesdays and Thursdays.*
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We look forward to serving you on your next transaction.
Much success,
Jack Suddarth
CA BRE #01890464
NMLS #764860
Phone: (949) 252-0025, ext. 102
or (800) 897-3863
Email: jack@equitywavelending.com
or debbi@equitywavelending.com
or susie@equitywavelending.com
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1st TD
Loan Amount: $1,200,000
LTV: 69%
Location: Ventura, CA 93003
Property Type: Commercial
Investor Net Yield: 10.25
%
Terms: 3yr I/O
Appraised Value: $1,750,000
Specifics:
Recently updated two level office building with an overall rate of return of 6.9% is located on a main thoroughfare with good freeway access. Funds are being used for existing business. Fico 589. 5,600 sqft. building size, 18,556 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $80,000
CLTV: 61%
Location: Anaheim, CA 92805
Property Type: SFR
Investor Net Yield: 10.99
%
Terms: 40/3
Appraised Value: $635,000
1st TD: $307,107
Specifics:
Attractive, two level, conventional style home located just a few miles from Disneyland Resort and Anaheim Packing District. Funds are being used for existing business and other business investments. Fico 536. 4 Bed/ 3 Bath, 2,432 sqft. dwelling, 6,602 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $1,100,000
LTV: 54%
Location: Imperial Beach, CA 91932
Property Type: Commercial
Investor Net Yield: 12
%
Terms: 3yr I/O
Appraised Value: $2,020,000
Specifics:
Gas station/mini mart with convenience store located a mile from Imperial Beach and 5 fwy in an area of residential and commercial properties. Funds are being used to consolidate and pay off a business loan. Fico 578. 1,884 sqft. building, 17,380 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $532,500
LTV: 75%
Location: Carson, CA 90745
Property Type: SFR
Investor Net Yield: 10.25
%
Terms: 2yr I/O
Appraised Value: $710,000
Purchase Price: $709,900
Specifics:
Beautiful modern style residence, recently built, located a short drive to Virginia Country Club and local parks and shopping. Funds will be used for purchase of an investment propery. Fico 679. 4 Bed/3.1 Bath, 2,378 sqft. dwelling. This loan has a 3 month prepayment penalty.
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1st TD
Loan Amount: $375,000
LTV: 60%
Location: South Gate, CA 90280
Property Type: Commercial
Investor Net Yield: 11
%
Terms: 3yr I/O
Appraised Value: $625,000
Specifics:
Light Industrial/ Commercial zoned building located off a main thoroughfare with great access to multiple local freeways. Funds will be used to payoff current loan. Fico 697. 3,240 sqft. rentable space, 5,000 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $54,000
CLTV: 66%
Location: Brentwood, CA 94513
Property Type: SFR
Investor Net Yield: 12
.50%
Terms: 40/5
Appraised Value: $525,000
1st TD: $294,500
Specifics:
Beautiful contemporary style home with dual pane windows located within a few miles of Discovery Bay and a short drive to San Fransisco Bay Area. Funds are being used to to expand an existing real estate business. Fico 474. 4 Bed/ 2.1 Bath, 1,962 sqft. dwelling, 4,000 sqft. lot size. This loan has a 12 month prepayment penalty.
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