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 14, 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: $1,540,000
LTV: 70%
Location: Los Angeles, CA 90005
Property Type: 4 Units
Investor Net Yield: 10.50
%
Terms: 40/3
Appraised Value: $2,200,000
Specifics:
Lovely 4 Unit contemporary style home with hardwood and tile flooring throughout located within a few miles of LA County Museum of Art, La Brea Tar Pits, and other local attractions. Funds are being used to payoff existing liens on investment properties. Fico 790/705. 14 Bed/ 10 Bath, 7,682 sqft. dwelling, 8,970 sqft. lot size. This loan has a 6 month prepayment penalty.
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.50 Points to Investor
2nd TD
Loan Amount: $400,000
CLTV: 62%
Location: Redwood City, CA 94062
Property Type: SFR
Investor Net Yield: 10.50
%
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: 63%
Location: Redondo Beach, CA 90277
Property Type: Condo
Investor Net Yield: 11.50
%
Terms: 3yr I/O
Appraised Value: $1,500,000
1st TD: $741,060
Specifics:
Beautiful, three story, traditional style condo with remodeled kitchen and bath located within walking distance to the beach and local parks and shopping. Funds are being used for working capital for an existing business. Fico 719. 3 Bed/4 Bath, 2,297 sqft. dwelling. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $1,102,500
LTV: 63%
Location: Ventura, CA 93003
Property Type: Commercial
Investor Net Yield: 12
%
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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1st TD
Loan Amount: $375,000
LTV: 60%
Location: South Gate, CA 90280
Property Type: Commercial
Investor Net Yield: 12
%
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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1st TD
Loan Amount: $382,000
LTV: 60%
Location: Palmdale, CA 93550
Property Type: Commercial/Mixed
Investor Net Yield: 10.25
%
Terms: 3yr I/O
Appraised Value: $638,000
Specifics:
Nice Retail/Residential property located on a main thoroughfare within a mile of Lake Palmdale and a short drive to Angeles National Forest. Funds are being used to build a commercial property. Fico 701. 5,863 sqft. rentable bldg area, 76,221 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $65,000
CLTV: 65%
Location: Hollister, CA 95023
Property Type: SFR
Investor Net Yield: 12.50
%
Terms: 40/3
Appraised Value: $580,000
1st TD: $312,000
Specifics:
Attractive contemporary style home located within a few miles of Ridgemark Golf Club and Resort and a short drive to Hollister Hills State Recreation Area. Funds are being used to expand an existing construction business. Fico 516. 4 Bed/ 2 Bath, 1,845 sqft. dwelling, 6,172 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $108,800
CLTV: 67%
Location: Los Angeles, CA 90046
Property Type: SFR
Investor Net Yield: 12.50
%
Terms: 40/3
Appraised Value: $1,640,000
1st TD: $990,000
Specifics:
Stunning, two story, custom style residence with tile flooring throughout and views of the surrounding hills located a short drive to the Hollywood Hills, Fryman Canyon Park, and Griffith Observatory. Funds will be used to expand existing business. Fico 681. 2 Bed/ 2 Bath, 1,772 sqft. dwelling, 11,860 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: 13
%
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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