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 8, 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: $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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2nd TD
Loan Amount: $115,000
CLTV: 64%
Location: Los Angeles, CA 90043
Property Type: SFR
Investor Net Yield: 12
.25%
Terms: 40/3
Appraised Value: $700,000
1st TD: $333,156
Specifics:
Cozy one level Bungalow style home located near Kenneth Hahn State Recreation Area and the Natural History Museum of Los Angeles. Funds will be used for marketing and materials for an existing business. Fico 596. 3 Bed/2 Bath, 1,496 sqft. dwelling, 7,000 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: 10
%
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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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: $876,000
LTV:
15%
Location: Glendale, CA 91202
Property Type: Land/Lot
Investor Net Yield: 10.50
%
Terms: 3yr I/O
Appraised Value: $5,800,000
Specifics:
Unimproved parcel for single family residential development use on 11.1654 acres located a short drive to the Rose Bowl Stadium, Norton Simon Museum and Glendale Community College. Funds will be used for land improvement and entitlement. Fico 696. This loan has a 6 month prepayment penalty.
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Cross Collateral
2nd TD
Loan Amount: $90,000
CLTV: 49%
Location: Banning, CA 92220
Property Type: SFR & 4 Units
Investor Net Yield: 10.25
%
Terms: 40/3
Appraised Value: $619,000
1st TD: $50,000 & $162,120
Specifics:
Single level Bungalow style home and a 4 unit residential property located near the Cabazon Shopping Outlet and a short drive to the San Jacinto Mountains. Funds will be used to upgrade both rental proeprties. Fico 712. SFR: 2 Bed/1 Bath, 855 sqft. dwelling, 6,098 sqft. lot size.
4 Unit: Two-2 Bed/1 Bath, Two-1 Bed/1 Bath, 2,834 sqft. bldg, 8,544 sqft. lot size. This loan has a 6 month prepayment penalty.
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