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 - May 7, 2019
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Jack Suddarth is unavailable to respond to tonight's posting,
please refer all Trust Deed inquiries to Susie Peach
via phone at 949-252-0025, ext. 104, thank you.
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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
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1st TD
Loan Amount: $620,000
LTV: 54%
Location: Los Angeles, CA 90033
Property Type: 8 Units
Investor Net Yield: 9.75
%
Terms: 3yr I/O
Appraised Value: $1,145,000
Owner Occupied: No
Specifics:
Attractive 2-story 8-plex multi family building with parking in rear is located near Dodger Stadium and a short drive to Griffith Park. Funds will be used to upgrade subject property and purchase a fix-n-flip property. Fico 757. 1 and 2 bedroom units, each with 1 bath, 4,684 Building, 5,308 lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $346,700
CLTV: 64%
Property Type: SFR
Investor Net Yield: 12
.75%
Terms: 40/3
Appraised Value: $1,075,000
1st TD: $345,600
Specifics:
Cozy ranch style home on a large lot with updated kitchen, baths, and travertine flooring located within a few miles of Skyline Wilderness Park and Kennedy Park. Funds are being used to payoff existing business purpose loan. Fico 602. 2 Bed/ 2 Bath, 1,464 sqft. dwelling, 26,154 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $100,000
CLTV: 65%
Location: San Diego, CA 92126
Property Type: Condo
Investor Net Yield: 11.25
%
Terms: 3yr I/O
Appraised Value: $523,000
1st TD: $239,083
Specifics:
Single level condo located near local shopping, entertainment, and restaurants and a short drive to Torrey Pines State Reserve and Golf Course. Funds are being used for inventory, reserves, and working capital for existing business. Fico 726. 4 Bed/ 2 Bath, 1,750 sqft. dwelling. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $44,600
CLTV: 69%
Location: Compton, CA 90220
Property Type: SFR
Investor Net Yield: 13
%
Terms: 40/3
Appraised Value: $403,000
1st TD: $235,000
Specifics:
Cozy traditional style home with wood and tile flooring throughout located near local parks and shopping and a short drive to The Links at Victoria Golf Course and California State University Dominguez Hills. Funds are being used for the expansion of an existing business. Fico 566. 3 Bed/ 2 Bath, 1,552 sqft. dwelling, 6,178 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $91,300
CLTV: 64%
Location: Riverside, CA 92585
Property Type: SFR
Investor Net Yield: 13.50
%
Terms: 40/3
Appraised Value: $295,000
1st TD: $97,500
Specifics:
Cozy contemporary style home with updated bath located on a large lot near Lake Perris State Recreation Area and a short drive to Mt San Jacinto. Funds are being used for existing plumbing business. Fico 537. 3 Bed/ 2 Bath, 1,500 sqft. dwelling, 14,810 sqft. lot size. This loan has a 6 month prepayment penalty.
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