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 19, 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: $228,000
CLTV: 65%
Location: Valley Center, CA 92082
Property Type: SFR
Investor Net Yield: 11.25
%
Terms: 3yr I/O
Appraised Value: $867,500
1st TD: $337,195
Specifics:
Gorgeous contemporary style home with two fireplaces, porch, and patio over looking mountain views located near Cleveland National Forest and local parks and shopping. Funds will be used to expand an existing business. Fico 727. 5 Bed/ 4.1 Bath, 4,460 sqft. dwelling, 7.7 acres lot size.
This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $359,000
CLTV: 59.5%
Location: Redwood City, CA 94062
Property Type: SFR
Investor Net Yield: 11.50
%
Terms: 40/3
Appraised Value: $1,400,000
1st TD: $474,000
Specifics:
Charming, two story, farmhouse style residence with recent improvements throughout located a short drive to the San Francisco Bay, Huddart Park, and other local attractions. Funds will be used for a business investment. Fico 589. 3 Bed/ 3 Bath, 2,416 sqft. dwelling, .172 acres lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $382,000
LTV: 60%
Location: Palmdale, CA 93550
Property Type: Commercial/Mixed
Investor Net Yield: 10.75
%
Terms: 3yr I/O
Appraised Value: $638,000
Specifics:
Nice Retail/Residential property located on a main thoroughfare within a mile of Lake Palmdale and a short drive to Angeles National Forest. 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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2nd TD
Loan Amount: $108,800
CLTV: 67%
Location: Los Angeles, CA 90046
Property Type: SFR
Investor Net Yield: 12.75
%
Terms: 40/3
Appraised Value: $1,640,000
1st TD: $990,000
Specifics:
Stunning, two story, custom style residence with recent updates and tile flooring throughout and views of the surrounding hills located a short drive to the Hollywood Hills, Fryman Canyon Park, and Griffith Observatory. Funds will be used to expand existing business. Fico 681. 2 Bed/ 2 Bath, 1,772 sqft. dwelling, 11,860 sqft. lot size. This loan has a 6 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: 9.99
%
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: $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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