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 - January 3, 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: $637,500
LTV:
75%
Location: Costa Mesa, CA 92626
Property Type: SFR
Investor Net Yield: 12.50
%
Terms: 3yr I/O
Appraised Value: $850,000
Specifics:
Wonderful Ranch style home with laminate and tile flooring throughout and recently updated kitchen and baths located near South Coast Plaza and a short drive to the beach cities. Funds will be used for business purpose. Fico 681. 4 Bed/ 2 Bath, 1,740 sqft. dwelling, 6,000 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $537,000
LTV: 60%
Location: Oakland, CA 94602
Property Type: SFR
Investor Net Yield: 12
%
Terms: 3yr I/O
Appraised Value: $895,000
Specifics:
Cozy one level traditional style home with accessory unit located a short drive to Redwood Regional Park and other local bay area attractions. Funds are being used to start business venture for borrower who has been in same line of work for 20 years. Fico 584. 1 Bed/1 Bath, 725 sqft. dwelling, 10,480 sqft. lot size. This loan has a 6 month prepayment penalty.
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3rd TD
Loan Amount: $50,000
CLTV:
61%
Location: Costa Mesa, CA 92627
Property Type: SFR
Investor Net Yield: 12.75
%
Terms: 40/3
Appraised Value: $1,345,000
1st & 2nd TD: $766,000
Specifics:
Desirable traditional style dwelling with built-in outdoor fireplace and BBQ located within a few miles of Newport Beach and Balboa Peninsula. Funds are being used to expand existing real estate business. Fico 675. 3 Bed/ 2 Bath, 1,141 sqft. dwelling, 8,040 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $555,000
LTV:
37%
Location: Los Angeles, CA 90047
Property Type: Commercial
Investor Net Yield: 9
%
Terms: 3yr I/O
Appraised Value: $1,500,000
Specifics:
Nice Commercial buildings located on a main thoroughfare with good access to local freeways, with long term tenants currently occupying units. Funds will be used for business purpose. Fico 757. 1,700 sqft. gross lease space, 10,500 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $854,320
LTV:
63%
Location: Los Angeles, CA 90064
Property Type: SFR
Investor Net Yield: 11
%
Terms: 40/3
Appraised Value: $1,350,000
Specifics:
Charming traditional style home with a fireplace and updated kitchen and baths located near local parks and shopping and a short drive to Santa Monica Pier area, is currently being used as an assisted living facility. Funds are being used to payoff current business loans. Fico 575. 4 Bed/ 2 Bath, 1,523 sqft. dwelling, 4,521 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $50,000
LTV:
50%
Location: Barstow, CA 92311
Property Type: SFR
Investor Net Yield: 9
%
Terms: 40/3
Appraised Value: $100,000
Specifics:
Cozy ranch style home located within a few miles of Route 66 Mother Road Museum and Marine Corps logistics base. Funds are being used for business purpose. Fico 677. 3 Bed/ 2 Bath, 1,246 sqft. dwelling, 5,531 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $83,000
CLTV: 60%
Location: Fontana, CA 92336
Property Type: SFR
Investor Net Yield: 12
%
Terms: 3yr I/O
Appraised Value: $575,000
1st TD: $262,000
Specifics:
Beautiful Contemporary style home with remodeled kitchen and bathrooms located within a few miles from Glen Helen Regional Park and California State University San Bernardino. Funds are being used to expand existing automotive business. Fico 534. 4 Bed/2.1 Bath, 3,004 sqft. dwelling, 7,903 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $250,000
CLTV: 63%
Location: San Jose, CA 95148
Property Type: SFR
Investor Net Yield: 12
%
Terms: 40/3
Appraised Value: $1,340,000
1st TD: $597,571
Specifics:
Attractive two level contemporary style home with recent updates, located a short drive to Silver Creek Valley Country Club and Downtown San Jose. Funds will be used for an existing business. Fico 708. 4 Bed/3 Bath, 2,185 sqft. dwelling, 8,625 sqft. lot size. This loan has a 6 month prepayment penalty.
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