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 - April 4, 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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Rate Increase
2nd TD
Loan Amount: $725,000
CLTV: 56%
Location: Piedmont, CA 94611
Property Type: SFR
Investor Net Yield: 10
.50%
Terms: 3yr I/O
Appraised Value: $2,320,000
1st TD: $582,000
Specifics:
Beautiful traditional style home with accessory unit on large lot located within a few miles of Chabot Space & Science Center and several parks and preserves. Funds are being used to renovate property. Fico 676. 4 Bed/ 3 Bath, 2,653 sqft. dwelling, 17,850 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $750,000
LTV: 64%
Location: El Cerrito, CA 94530
Property Type: SFR
Investor Net Yield: 9.50
%
Terms: 40/3
Appraised Value: $1,175,000
Specifics:
Contemporary style home with updated roof, fixtures, vinyl windows and view of San Francisco Bay located within a few miles of University of California Berkeley and several Parks, Preserves and Nature Areas. Funds are being used to purchase additional investment properties. 4 Bed/ 2 Bath, 1,920 sqft. dwelling, 5,000 sqft lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $144,850
CLTV: 59%
Location: Torrance, CA 90501
Property Type: SFR
Investor Net Yield: 12
%
Terms: 40/3
Appraised Value: $525,000
1st TD: $167,000
Specifics:
Charming traditional style home located near local parks and shopping and a short drive to the Redondo Beach Pier area. Funds are being used for the expansion of existing Plumbing business. Fico 521. 3 Bed/ 1 Bath, 1,078 sqft. dwelling, 8,259 sqft. lot size. This loan has a 6 month prepayment penalty.
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.50 Points to Investor - Rate Increase
2nd TD
Loan Amount: $743,400
CLTV: 59%
Location: San Francisco, CA 94110
Property Type: SFR
Investor Net Yield: 13.50
%
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 and the San Francisco-Oakland Bay Bridge. 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: $150,000
CLTV: 56%
Location: San Francisco, CA 94124
Property Type: SFR + Accessory
Investor Net Yield: 11
%
Terms: 40/3
Appraised Value: $850,000
1st TD: $330,000
Specifics:
Traditional style home located within a couple miles of the Bay, John McLaren Park and Candlestick Point State Recreation Area Funds are being used to purchase another investment home. Fico 620. 2 Bed/ 1 Bath, 1,186 sqft. dwelling, 2,500 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $189,000
CLTV: 65%
Location: San Francisco, CA 94127
Property Type: SFR
Investor Net Yield: 12
%
Terms: 40/3
Appraised Value: $2,100,000
1st TD: $1,172,000
Specifics:
Traditional style home updated throughout with city view located a few blocks from Mt. Davidson Park and a few miles from San Francisco State University. Funds are being used for business purpose. Fico 619. 4 Bed/ 3 Bath, 1,944 sqft. dwelling, 2,996 sqft. lot size. This loan has a 6 month prepayment penalty.
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