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 10, 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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2nd TD
Loan Amount: $70,500
CLTV: 64%
Location: Murrieta, CA 92563
Property Type: SFR
Investor Net Yield: 12
%
Terms: 40/3
Appraised Value: $459,000
1st TD: $225,000
Specifics:
Beautiful modern style home with updated kitchen, pool, and spa located a short drive to Warm Springs Park and Preserve, Pond Park and other local parks and shopping. Funds are being used for marketing and working capital for current business. Fico 571. 5 Bed/ 3 Bath, 2,112 sqft. dwelling, 8,712 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $869,000
LTV:
64%
Location: Los Angeles, CA 90064
Property Type: SFR
Investor Net Yield: 11
.50%
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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2nd TD
Loan Amount: $265,000
CLTV: 37%
Location: Bell Gardens, CA 90201
Property Type: Commercial
Investor Net Yield: 11
.50%
Terms: 3yr I/O
Appraised Value: $4,786,000
1st TD: $1,529,000
Specifics:
Nice and recently updated commercial office building, owner user, located on a main street with good access to local freeways. Funds are being used for business. Fico 719. 16,418 sqft. building, 23,823 sqft. lot size. 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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