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 7, 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: [email protected]
or [email protected]
or [email protected]
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1st TD
Loan Amount: $1,300,000
LTV: 48%
Location: Huntington Beach, CA 92646
Property Type: Commercial
Investor Net Yield: 8
%
Terms: 40/3
Appraised Value: $2,700,000
Specifics:
Location, Location, Location! 5 Unit, one is SFR with 3 Bed/ 2 Bath, the other is a fourplex with four 1 Bed/ 1 Bath units. Located a short walk to the beach and local shops and dinning along Pacific Coast Highway. Funds will be used for property improvements and business investments. Fico 540. 6,550 sqft. dwelling, 6,534 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $1,137,500
LTV: 65%
Location: Ventura, CA 93003
Property Type: Commercial
Investor Net Yield: 10.50
%
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: $400,000
CLTV: 62%
Location: Redwood City, CA 94062
Property Type: SFR
Investor Net Yield: 10
%
Terms: 40/3
Appraised Value: $1,400,000
1st TD: $474,000
Specifics:
Charming, two story, farmhouse style residence with recent improvements throughout located a short drive to the Silicon Valley and the San Francisco Bay. Funds will be used for a business investment. Fico 589. 3 Bed/ 3 Bath, 2,416 sqft. dwelling, .172 acres lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $200,000
CLTV: 51%
Location: Fremont, CA 94539
Property Type: SFR
Investor Net Yield: 10.99
%
Terms: 40/3
Appraised Value: $4,600,000
1st TD: $2,151,790
Specifics:
Upgraded custom, two level, Mediterranean style home located near Mission Peak Regional Preserve and a short drive to many local Bay Area attractions. Funds are being used for the expansion of an existing business. Fico 697. 4 Bed/ 5.5 Bath, 4,965 sqft. dwelling, 2.11 acres lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $670,000
CLTV: 65%
Location: San Jose, CA 95124
Property Type: SFR
Investor Net Yield: 9.99
%
Terms: 40/3
Appraised Value: $1,630,000
1st TD: $388,842
Specifics:
Attractive and newly renovated, single story, ranch style home with tile and hardwood flooring throughout located a short drive to Boulder Ridge Golf Club and local parks and shopping. Funds are being used for the purchase of an existing business. Fico 744. 4 Bed/ 3 Bath, 1,738 sqft. dwelling, 6,000 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $151,250
CLTV: 65%
Location: Inglewood, CA 90303
Property Type: 2 Unit
Investor Net Yield: 10.50
%
Terms: 1yr I/O
Appraised Value: $925,000
1st TD: $450,000
Specifics:
Beautiful 2 unit Spanish style dwelling located within a mile of the future LA Stadium and The Forum. Funds are being used for property improvements. Fico 767. 8 Bed/ 4 Bath, 3,141 sqft. dwelling, 6,017 sqft. lot size. This loan has a 6 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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