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 12, 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: $820,000
LTV: 46%
Location: Long Beach, CA 90807
Property Type: Commercial
Investor Net Yield: 9
%
Terms: 40/4
Appraised Value: $1,770,000
Specifics:
Nice commercial building, owner occupied, currently being used a Karate studio located in a Community Commercial Zoning District with great access to local freeways. Funds are being used to pay existing Note and to expand business. Fico 771. 5,916 sqft. building, 12,225 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $102,000
CLTV: 65%
Location: Fremont, CA 94539
Property Type: SFR
Investor Net Yield: 10.99
%
Terms: 40/3
Appraised Value: $3,450,000
1st TD: $2,140,498
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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1st TD
Loan Amount: $1,102,500
LTV: 63%
Location: Ventura, CA 93003
Property Type: Commercial
Investor Net Yield: 11.50
%
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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1st TD
Loan Amount: $110,000
LTV: 22%
Location: Glendora, CA 91740
Property Type: SFR
Investor Net Yield: 9
%
Terms: 40/3
Appraised Value: $490,000
Specifics:
Attractive traditional style single family residence located near local parks and shopping. Funds will be used for business purpose. Fico 782. 3 Bed/ 2 Bath, 1,244 sqft. dwelling, 0.16 acres lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $92,000
CLTV: 60%
Location: Los Angeles, CA 90043
Property Type: SFR
Investor Net Yield: 11
%
Terms: 40/3
Appraised Value: $900,000
1st TD: $448,000
Specifics:
Charming Spanish style home with tile and wood flooring throughout located near local parks and shopping. Funds will be used to expand an existing business. Fico 679. 2 Bed/ 1.1 Bath. 1,626 sqft. dwelling, 7,196 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $500,000
LTV: 56%
Location: La Canada Flintridge, CA 91011
Property Type: SFR
Investor Net Yield: 9
.50%
Terms: 40/3
Appraised Value: $900,000
Specifics:
Appealing, single story, contemporary style home with fireplace located a short drive to the Rose Bowl Stadium, Norton Simon Museum, and Griffith Park. Funds are being used to pay off Chp 11. Fico 581. 3 Bed/ 2 Bath, 1,389 sqft. dwelling, 9,460 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
.50%
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: $110,000
CLTV: 51%
Location: Murrieta, CA 92562
Property Type: SFR
Investor Net Yield: 11.25
%
Terms: 40/5
Appraised Value: $1,460,000
1st TD: $639,000
Specifics:
Beautiful and recently built contemporary style residence with pool, spa, BBQ, and mountain views located a short drive to Cross Creek Golf Club and Tenaja Falls. Funds will be used for an existing business. Fico 712. 5 Bed/ 5 Bath, 4,467 sqft. dwelling, 10 acres lot size. This loan has a 12 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: 10.99
%
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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