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 - March 21, 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: jack@equitywavelending.com
or debbi@equitywavelending.com
or susie@equitywavelending.com
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2nd TD
Loan Amount: $759,000
CLTV: 60%
Location: San Francisco, CA 94110
Property Type: SFR
Investor Net Yield: 12
%
Terms: 40/3
Appraised Value: $2,600,000
1st TD: $801,000
Specifics:
Attractive, three story, traditional style home with views of the city skyline located within a few miles of the San Francisco Bay, the San Francisco-Oakland Bay Bridge, and San Francisco Botanical Garden. Funds are being used to pay exisitng 2nd TD and property improvements. Fico 645. 4 Bed/ 2 Bath, 2,731 sqft. dwelling, 1,750 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $170,000
CLTV: 64%
Location: Livermore, CA 94551
Property Type: PUD
Investor Net Yield: 10.99
%
Terms: 40/3
Appraised Value: $625,000
1st TD: $231,045
Specifics:
Appealing, two level, townhouse style home with fireplace, patio, and updated kitchen and bath located near local parks and shopping and a short drive to Ruby Hill Country Club. Funds are being used for expansion of existing business. Fico 789. 2 Bed/ 2.1 Bath, 1,332 sqft. dwelling, 1,196 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $79,000
CLTV: 64%
Location: Menifee, CA 92585
Property Type: SFR
Investor Net Yield: 12.99
%
Terms: 40/3
Appraised Value: $250,000
1st TD: $82,035
Specifics:
Cozy, one level, contemporary style home with tile flooring throughout located a short drive to Menifee Lakes Country Club. Funds are being used to expand existing business. Fico 579. 3 Bed/ 1 Bath, 1,136 sqft. dwelling, 6,534 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $378,972
LTV: 59.4%
Location: Palmdale, CA 93550
Property Type: Commercial/Mixed
Investor Net Yield: 12
%
Terms: 3yr I/O
Appraised Value: $638,000
Specifics:
Nice Retail/Residential property, with 4 retail units and a residential unit, located on a main thoroughfare with a short drive to local parks and shopping. Funds are being used to build a commercial property. Fico 701. 5,863 sqft. rentable bldg area, 76,221 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $215,000
LTV: 61%
Location: Big Bear Lake, CA 92315
Property Type: SFR
Investor Net Yield: 10.50
%
Terms: 40/3
Appraised Value: $350,000
Specifics:
Lovely two story home, fully refurbished and remodeled throughout, located minutes from Bear Mountain Ski Resort and a short drive to Big Bear Lake. Funds are being used for payoff of 1st TD and additional improvements to the subject property. Fico 524. 3 Bed/ 2 Bath, 1,192 sqft. dwelling, 6,621 sqft. lot size.This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $213,000
LTV: 64%
Location: Lompoc, CA 93436
Property Type: SFR
Investor Net Yield: 10.50
%
Terms: 5yr I/O
Appraised Value: $331,500
Specifics:
Beautiful ranch style home with nice curb appeal located near Santa Yanez River and River Park. Funds will be used to add an upstairs rental unit. Fico 638. 3 Bed/ 2 Bath, 1,150 sqft. dwelling, 6,098 sqft. lot site. This loan has a 12 month prepayment penalty.
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2nd TD
Loan Amount: $200,000
CLTV: 51%
Location: Los Angeles, CA 90003
Property Type: Commercial / Mixed
Investor Net Yield: 11
%
Terms: 40/3
Appraised Value: $740,000
1st TD: $178,350
Specifics:
One level mixed use property consisting of 2 buildings, one retail, the other is a SFR, located near local retail and parks with great access to local freeways. Lot includes 4 spaces for parking. Funds are being used for the payoff of the current 2nd TD and existing business. Fico 638. Unit 1 is 2,000 sqft., Unit 2 is 970 sqft., 6,756 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $48,500
CLTV: 65%
Location: Chula Vista, CA 91911
Property Type: SFR
Investor Net Yield: 12
%
Terms: 40/3
Appraised Value: $435,000
1st TD: $236,000
Specifics:
Cozy contemporary style home with recently updated kitchen and bath located near local parks and a few miles from San Diego Bay. Funds will be used to expand a beauty product business. Fico 562. 3 Bed/ 2 Bath, 1,421 sqft. dwelling, 3,120 sqft. lot size. This loan has a 6 month prepayment penalty.
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