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 - February 28, 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: [email protected]
or [email protected]
or [email protected]
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2nd TD
Loan Amount: $60,000
CLTV: 61%
Location: Crestline, CA 92325
Property Type: SFR
Investor Net Yield: 12
%
Terms: 40/3
Appraised Value: $300,000
1st TD: $123,000
Specifics:
Charming traditional style remodeled home with dual pane windows located within a mile of Lake Gregory and a short drive to Lake Arrowhead and Big Bear Lake. Funds are being used to expand existing healthcare business. Fico 645. 3 Bed/ 2.1 Bath, 1,730 sqft. dwelling, 4,875 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $1,100,000
LTV: 54%
Location: Imperial Beach, CA 91932
Property Type: Commercial
Investor Net Yield: 11.50
%
Terms: 3yr I/O
Appraised Value: $2,020,000
Specifics:
Gas station/mini mart with convenience store located a mile from Imperial Beach and 5 fwy in an area of residential and commercial properties. Funds are being used to consolidate and pay off a business loan. Fico 578. 1,884 sqft. building, 17,380 sqft. lot size.This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $110,000
CLTV: 61%
Location: Sacramento, CA 95822
Property Type: SFR
Investor Net Yield: 12
%
Terms: 40/3
Appraised Value: $410,000
1st TD: $139,000
Specifics:
Charming ranch style home with new central air located within a few miles of California State University Sacramento, Sacramento Zoo, and Downtown Sacramento. Funds are being used to purchase an investment property. Fico 542. 6 Bed/ 3 Bath, 2,846 sqft. dwelling, 8,400 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $520,410
CLTV: 59%
Location: Los Angeles, CA 90027
Property Type: 2 Unit
Investor Net Yield: 12
.50%
Terms: 40/3
Appraised Value: $1,799,000
1st TD: $541,000
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 3 month prepayment penalty.
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