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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 - July 18, 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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2nd TD
Loan Amount: $92,000
CLTV: 68%
Location: La Quinta, CA 92253
Property Type: PUD
Investor Net Yield: 12
%
Terms: 40/3
Appraised Value: $525,000
1st TD: $265,000
Specifics:
Appealing Spanish style home with remodeled kitchen, baths and new plumbing located very close to La Quinta Resort and several other golf clubs and resorts. Funds are being used for existing business. Fico 634. 2 Bed/ 2.1 Bath 1,923 sqft. dwelling, 4,057 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $630,500
CLTV: 69%
Location: Los Angeles, CA 90027
Property Type: 2 Unit
Investor Net Yield: 13.50
%
Terms: 40/3
Appraised Value: $1,850,000
1st TD: $534,400
Last List Price: $1,695,000
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 6 month prepayment penalty.
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Rate Increase
2nd TD
Loan Amount: $750,000
CLTV: 50%
Location: Los Angeles, CA 90008
Property Type: Commercial
Investor Net Yield: 10
.50%
Terms: 40/3
Appraised Value: $3,000,000
1st TD: $750,000
Owner Occupied: Owner User/Rental
Specifics:
Two level office building located in the Leimert Park neighborhood of Los Angeles. The second floor is occupied by several tenants and the first floor is occupied by the owner's business. Funds are being used for existing business. Fico 688. 8,451 sqft. dwelling 8,320 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $84,000
CLTV: 68%
Location: Pasadena, CA 91101
Property Type: 4 Units
Investor Net Yield: 12
%
Terms: 40/3
Appraised Value: $1,300,000
1st TD: $800,000
Specifics:
4 Unit bungalow style building on large lot with remodel including vinyl windows and restuccoed exterior located within a few miles of Norton Simon Museum, The Huntingon Library and Rose Bowl Stadium. Funds are being used for additional subject improvements. 6 Bed/ 4 Bath 2,268 sqft. dwelling,11,029 sqft. lot size. 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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