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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 - August 1, 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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$5
0,000 - $95,000 Available
2nd TD
Loan Amount: $300,000
CLTV: 60%
Location: Oakland, CA 94606
Property Type: 4 Units
Investor Net Yield: 11
%
Terms: 40/3
Appraised Value: $880,000
1st TD: $224,910
Last List Price: $224,910
Specifics:
4 unit rental property with laminate and title flooring throughout located near local parks and the waterfront area. Funds are being used for business reserve and payoff current 2nd lien. Fico 597. Each unit is 1 Bed/ 1 Bath, totaling 3,118 sqft. dwelling, 4,960 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $360,500
LTV: 70%
Location: Sacramento, CA 95818
Property Type: Commercial
Investor Net Yield: 8.99
%
Terms: 3 yr I/O
Appraised Value: $600,000
Purchase Price: $515,000
Specifics:
One level , multi tenant (strip) retail building with 100% occupancy of established businesses. Funds are being used for the purchase of the building, with plans to upgrade and enhance to obtain additional rental income. Fico 722. 2,780 sqft. dwelling, 7,173 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $78,100
CLTV: 69%
Location: Riverside, CA 92508
Property Type: SFR
Investor Net Yield: 12
.50%
Terms: 40/3
Appraised Value: $590,000
1st TD: $329,000
Specifics:
Appealing contemporary style home with remodeled kitchen and baths and dual pane windows located within a few miles of Lake Matthews and Lake Perris recreation area. Funds are being used for existing business. Fico 596. 5 Bed/ 3 Bath 2,840 sqft. dwelling, 8,276 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $255,000
LTV: 61%
Location: Pomona, CA 91766
Property Type: SFR
Investor Net Yield: 9
%
Terms: 5 yr I/O
Appraised Value: $416,500
Specifics:
Cozy traditional style home with updated kitchen and bath and vinyl windows on large lot located very close to the Angeles National Forest and a short drive to Mt. Baldy resort. Funds are being used for existing business. Fico 626. 2 Bed/ 2 Bath 750 sqft. dwelling, 19,800 sqft. lot size.This loan has a 12 month prepayment penalty.
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Rate Increase
2nd TD
Loan Amount: $150,000
CLTV: 70%
Location: Rancho Mission Viejo, CA 92694
Property Type: SFR
Investor Net Yield: 12
%
Terms: 40/3
Appraised Value: $2,000,000
1st TD: $1,252,000
Specifics:
Beautiful craftsman style home with detached casita and $430,000 in added upgrades including a tankless water heater located a few miles from Dana Point Harbor and other local beaches. Funds are being used for existing business. Fico 650. 4 Bed/ 4.1 Bath 3,765 sqft. dwelling, 6,882 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $1,500,000
LTV: 53%
Location: Salida, CA 95368
Property Type: Commercial
Investor Net Yield: 11
.50%
Terms: 3yr I/O
Appraised Value: $2,825,500
Specifics:
Multi residential property for assisted living facility use located in mainly residential area within a few miles of Stanislaus River accompanying Parks and trails. Funds are being used for the purchase of equipment/ furniture and remaining upgrades to the facility. Fico 656.17 Bed/ 12 Bath and 22 other rooms used as offices, laundry, kitchen, etc. 9,114 sqft. dwelling, 26,106 sqft. lot size. This loan has a 6 month prepayment penalty.
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Rate Increase
2nd TD
Loan Amount: $148,000
CLTV: 65%
Location: Oakland, CA 94609
Property Type: 4 Unit
Investor Net Yield: 13
%
Terms: 40/3
Appraised Value: $1,400,000
1st TD: $762,000
Specifics:
Two 2 story buildings consisting of 3 residential units and 1 commercial unit with new foundations, walls, electrical and interior finishes located a few miles from San Francisco Bay and University of California Berkeley. Funds are being used to renovate the property. 7 Bed/ 2 Bath, rentable area is 3,183 sqft., 1,958 sqft lot size. This loan has a 6 month prepayment penalty.
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Cross Collateralization
1st TD
Loan Amount: $115,000
LTV: 50%
Location: Los Angeles, CA 90031
Property Type: Land
Investor Net Yield: 11
%
Terms: 1yr I/O
Appraised Value: $230,000
Specifics:
2 parcels of land located a few miles from Dodger Stadium, Staples Center and other local attractions. Funds are being used for entitlements. Fico 660. 9,005 sqft and 3,750 sqft. lot sizes. This loan has a 3 month prepayment penalty.
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2nd TD
Loan Amount: $40,000
CLTV: 64%
Location: Los Angeles, CA 91326
Property Type: Condo
Investor Net Yield: 12
%
Terms: 40/3
Appraised Value: $580,000
1st TD: $334,000
Specifics:
Beautiful Mediterranean style condominium in the Porter Ranch area has updated kitchen, interior and exterior painting and plantation shutters located a few miles from California State University Northridge and several state parks. Funds are being used for existing business. Fico 534. 2 Bed/ 1.1 Bath 1,096 sqft. dwelling. 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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