Equity Wave Lending_ Inc.
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 - June 20, 2019

  
 
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
  




*Please note EWL will be posting the newsletter on 
Tuesdays and Thursdays.*
    
 
 
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
 
or        [email protected] 
or        [email protected] 
 
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2nd TD
Loan Amount: $1,000,000
CLTV: 40% 
Location: Santa Monica, CA 90405
Property Type: SFR
Investor Net Yield: 10.25 %
Terms: 1yr I/O
Appraised Value: $6,600,000
1st TD: $1,624,000
Owner Occupied: No
     
Specifics:
Location, location, location!!!! Luxury two level contemporary style home located blocks from the beach.  Funds are being used for business expenses of existing law office and reimbursement of funds used to complete the subject property. Fico 682.  6 Bed /  4.2 Bath, 8,000 sqft. dwelling, 12,000 sqft. lot size. This loan has a 3 month prepayment penalty. 



      
 
    
1st TD
Loan Amount: $125,300
LTV: 70% 
Location: Bakersfield, CA 93309
Property Type: PUD
Investor Net Yield: 9.75 %
Terms: 3yr I/O
Appraised Value: $181,000
Purchase Price: $179,000 
Owner Occupied: No
     
Specifics:
Well maintained single story conventional style home backing to the golf course and pond within the Sundale Country Club community located near the Kern River. Fico 705. 2 Bed/  2 Bath 1,407 sqft. dwelling 7,449 sqft. lot size. This loan has a 6 month prepayment penalty. 



   
 
    
2nd TD
Loan Amount: $275,000
CLTV: 58% 
Location: Fontana, CA 92337
Property Type: Mixed-Commercial
Investor Net Yield: 12 %
Terms: 5yr I/O
Appraised Value: $1,050,000
1st TD: $339,000
Owner Occupied: Yes
     
Specifics:
Appealing ranch style property with mobile/office (no value given) on a large lot located a few miles from University of California Riverside and a short drive to mountain resort areas. Funds are being used for existing transport business. Fico 671. 3 Bed/ 1.5 Bath, 2,220 sqft. dwelling, 43,344 sqft. lot size. This loan has a 12 month prepayment penalty. 



   
 
    
2nd TD
Loan Amount: $150,000
CLTV: 68% 
Location: Los Angeles, CA 90068
Property Type: 2 Unit 
Investor Net Yield: 12.50 %
Terms: 40/3
Appraised Value: $2,100,000
1st TD: $1,277,000
Owner Occupied: Yes
     
Specifics:
Beautiful duplex with many upgrades including HVAC system, furnace, plumbing, tile roof and completely remodeled kitchens and bathrooms located very close to the Hollywood Bowl, The Chinese Theatre and other local attractions. Funds are being used for existing business. Fico 645/557.  3 Bed/  3.1 Bath 2,547 sqft. dwelling, 3,477 sqft lot size. This loan has a 6 month prepayment penalty. 



      
 
    
2nd TD
Loan Amount: $100,000
LTV: 69% 
Location: Los Angeles, CA 90062
Property Type: 4 Units 
Investor Net Yield: 12.50 %
Terms: 40/3
Appraised Value: $1,700,000
1st TD: $1,075,000 
Owner Occupied: Yes
     
Specifics:
Appealing contemporary style 4 unit property with new plumbing, electrical, windows, and doors located a few miles from University of Southern California, Staples Center, and several other local attractions. Funds are being used to payoff the existing lien and a few other improvements. Fico 527. 10 Bed/ 10 Bath, 6,329 sqft. dwelling, 6,501 sqft. lot size.This loan has a 6 month prepayment penalty. 



Rate Increase
      
 
    
1st TD
Loan Amount: $247,500
LTV: 45% 
Location: Ridgecrest, CA 93555
Property Type: Commercial
Investor Net Yield: 10.75 %
Terms: 40/3
Appraised Value: $550,000
Owner Occupied: No
     
Specifics:
Nice, two level, mixed use commercial warehouse building with a loft on the second floor and an on-site parking lot located near local parks and shopping.  Funds are being used to pay property taxes and subject improvements. Fico 557. 9,187 sqft. dwelling, 17,860 sqft. lot size. Cap rate of 9.5%. This loan has a 6 month prepayment penalty. 



 
CA DRE # 018890464   NMLS #399144 | CFL File # 603 K580
An Equal Housing Lender
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