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 - February 26, 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: $600,000
LTV: 20%
Location: Newport Beach, CA 92660
Property Type: SFR
Investor Net Yield: 6.75
%
Terms: 3yr I/O
Appraised Value: $3,070,000
Purchase Price: $3,070,000
Specifics:
Beautiful Cape Cod style residence with upgrades throughout located in a guard gated community near Upper Newport Bay State Marine Conservation Area and short drive to local beaches. Funds are being used for the purchase of the property. 4 Bed/ 4 Bath, 3,777 sqft. dwelling, 7,548 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $553,000
CLTV: 59%
Location: Los Angeles, CA 90027
Property Type: 2 Unit
Investor Net Yield: 12
%
Terms: 40/3
Appraised Value: $1,850,000
1st TD: $541,000
Specifics:
Beautiful Custom and Contemporary style home with wood and tile flooring throughout located within a few miles of The Greek Theatre and Griffith Observatory. Funds are being used to payoff current business purpose loan and property acquisition and renovation. Fico 588. 6 Bed/6.1 Bath, 3,376 sqft. dwelling, 5,624 sqft. lot size. This loan has a 3 month prepayment penalty.
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2nd TD
Loan Amount: $110,000
CLTV: 61%
Location: Sacramento, CA 95822
Property Type: SFR
Investor Net Yield: 12
%
Terms: 40/3
Appraised Value: $410,000
1st TD: $139,000
Specifics:
Spacious ranch style home with new central air located within a few miles of California State University Sacramento, Sacramento Zoo and downtown Sacramento. Funds are being used to purchase an investment property. Fico 542. 6 Bed/ 3 Bath, 2,846 sqft. dwelling, 8,400 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $1,105,000
LTV: 65%
Location: Los Angeles, CA 90094
Property Type: Condo
Investor Net Yield: 9.99
%
Terms: 40/3
Appraised Value: $1,700,000
Specifics:
Attractive, three level, Mediterranean style condominium home located within walking distance from Venice Beach, the Santa Monica Pier, and other local attractions. Funds are being used for improvements on an additional investment property. Fico 557. 3 Bed/ 3.1 Bath, 2,520 sqft. dwelling. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $420,000
LTV: 37%
Location: North Hollywood, CA 91601
Property Type: SFR
Investor Net Yield: 8.25
%
Terms: 5yr I/O
Appraised Value: $1,140,000
Specifics:
Lovely Spanish style home with custom upgrades including hardwood and slate flooring throughout and steam shower and wainscot in bath located near North Hollywood Arts District and a short drive to Universal City Walk and Hollywood Bowl. Funds are being used to expand current business. Fico 619. 3 Bed/ 2 Bath, 1,473 sqft. dwelling, 7,800 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $474,500
LTV: 65%
Location: Oakland, CA 94610
Property Type: Condo
Investor Net Yield: 10.99
%
Terms: 40/3
Appraised Value: $730,000
Specifics:
Appealing Mid-Century style condo with upgraded flooring and bath with fireplace located near the Claremont Country Club and The Gardens at Lake Merritt. Funds are being used for business debt and expenses. Fico 669. 2 Bed/ 2 Bath, 1,026 sqft. dwelling. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $630,000
LTV: 66%
Location: Los Angeles, CA 90031
Property Type: 4 Unit
Investor Net Yield: 9.75
%
Terms: 3yr I/O
Appraised Value: $960,000
Specifics:
Attractive Contemporary style 4 unit property with dual pane windows located a short drive to the Dodger Stadium and Downtown Los Angeles. Funds are being used for property improvements towards subject property . Fico 652. Unit 1 & 2: 2 Bed/ 1 Bath, Unit 3 & 4: 1 Bed/ 1 Bath, 3,518 sqft. dwelling, 5,350 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $910,000
LTV: 65%
Location: Redwood City, CA 94062
Property Type: SFR
Investor Net Yield: 8.99
%
Terms: 40/3
Appraised Value: $1,400,000
Specifics:
Charming, two level, Farmhouse style home with recent improvements throughout and new flooring located near Phleger Estate and Stanford University. 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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