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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 - July 25, 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
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.50 Points to Investor
2nd TD
Loan Amount: $630,500
CLTV: 69%
Location: Los Angeles, CA 90027
Property Type: 2 Unit
Investor Net Yield: 13.50
%
Terms: 40/3
Appraised Value: $1,850,000
1st TD: $534,400
Last List Price: $1,695,000
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 6 month prepayment penalty.
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2nd TD
Loan Amount: $111,000
CLTV: 65%
Location: El Dorado Hills, CA 95762
Property Type: PUD
Investor Net Yield: 10.99
%
Terms: 40/5
Appraised Value: $760,000
1st TD: $383,000
Specifics:
Two level contemporary style home in a suburb outside of the State Capital, Sacramento and is located in near Serrano Country Club and Folsom Lake State Recreation Area. Funds are being used for expansion of existing business and payoff of business debt. Fico 643. 5 Bed/ 3 Bath, 3,377 sqft. dwelling, 9,540 sqft. lot size.This loan has a 12 month prepayment penalty.
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2nd TD
Loan Amount: $200,000
CLTV: 60%
Location: Burbank, CA 91502
Property Type: 3 Units
Investor Net Yield: 12
%
Terms: 40/3
Appraised Value: $1,080,000
1st TD: $451,095
Specifics:
Nice Ranch style 3 unit property located near the Los Angeles Zoo, Griffith Park and Universal City area. Funds are being used to buyout business partners of a Peruvian restaurant. Fico 583 / 566. One unit is 2 Bed/1 Bath, 1,300 sqft, the other two are 1 Bed/1 Bath, 431 sqft., 8,146 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $220,000
CLTV: 64%
Location: Hawthorne, CA 90250
Property Type: Duplex
Investor Net Yield: 9.99
%
Terms: 40/3
Appraised Value: $800,000
1st TD: $295,252
Specifics:
Nice 2 unit property with a fireplace and 4 car garage located near local parks and shopping and a short distance to the beach areas. Funds are being used for business expansion. Fico 647 & 556. Lower unit - 3 Bed/ 2 Bath, 1,425 sqft., Upper unit - 6 Bed/ 1 Bath, 1,200 sqft., 5,492 lot size. This loan has a 6 month prepayment penalty.
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CA DRE # 018890464
NMLS #399144
| CFL File # 603 K580
An Equal Housing Lender
Equity Wave is a registered trademark of Equity Wave Lending, Inc.
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