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 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
Email: [email protected]
or [email protected]
or [email protected]
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Will Fractionalize
1st TD
Loan Amount: $2,520,000
LTV: 63%
Location: Bradbury, CA 91008
Property Type: SFR
Investor Net Yield: 10.50
%
Terms: 40/3
Appraised Value: $4,000,000
Owner Occupied: Yes
Specifics:
Marvelous and spacious custom home with tile and wood flooring throughout, pool, spa, 4 fireplaces, and a beautiful mountain view. The property is owned by a Corporation and funds are being used for business purpose. Fico 698. 7 Bed/ 6 Bath, 5,040 sqft. dwelling, 2.2 acres lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $170,300
LTV: 64.5%
Location: Hemet, CA 92545
Property Type: PUD
Investor Net Yield: 9
.99%
Terms: 40/3
Appraised Value: $264,000
Owner Occupied: No
Specifics:
Attractive, single story, ranch style home located near Hemet Golf Club and a short drive to Diamond Valley Lake. Funds are being used to remodel subject property. Fico 570. 2 Bed/ 2 Bath, 1,555 sqft. dwelling, 3,485 sqft. lot size. This loan has a 6 month prepayment penalty.
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Lower CLTV / Rate Increase
2nd TD
Loan Amount: $230,000
CLTV: 59%
Location: Bermuda Dunes, CA 92230
Property Type: SFR
Investor Net Yield: 11
.50%
Terms: 40/3
Appraised Value: $1,400,000
1st TD: $598,726
Specifics:
Appealing conventional style residence with pool, spa, and fireplace located near Palm Desert Resort Country Club and a short drive to Downtown Palm Springs. Funds will be used to upgrade the property, pay off existing 2nd TD, and invest in an additional property. Fico 625. 6 Bed/ 5 Bath, 5,078 sqft. dwelling, 105,415 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $50,000
CLTV: 66%
Location: Los Angeles, CA 90047
Property Type: SFR
Investor Net Yield: 12.50
%
Terms: 40/3
Appraised Value: $635,000
1st TD: $369,000
Specifics:
Delightful conventional style home with hardwood flooring throughout, updated kitchen and bathrooms located very close to The Forum and the future NFL stadium. Funds are being used for business purpose. Fico 512/600. 3 Bed/ 2 Bath, 1,724 sqft. dwelling, 6,100 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $381,500
LTV: 70%
Location: Spring Valley, CA 91977
Property Type: SFR
Investor Net Yield: 10.50
%
Terms: 3yr I/O
Appraised Value: $545,000
Purchase Price: $545,000
Owner Occupied: No
Specifics:
Charming ranch style home with recent upgrades throughout located a short drive to San Diego Bay area will be held as an investment property. 5 Bed/ 3 Bath, 1,790 sqft. dwelling, 8,900 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $300,950
LTV: 65%
Location: Los Angeles, CA 90001
Property Type: 2 Units
Investor Net Yield: 9
.50%
Terms: 3yr I/O
Appraised Value: $463,000
Owner Occupied: No
Specifics:
Cozy 2 unit conventional style home with wood and carpet flooring throughout located near Shrine Auditorium and Expo Hall, University of Southern California, and Natural History Museum of Los Angeles. Funds are being used to expand existing auto sales business. Fico 702. 4 Bed/ 2 Bath, 1,760 sqft. dwelling, 5,400 sqft lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $200,000
CLTV: 63%
Location: Encinitas, CA 92024
Property Type: SFR
Investor Net Yield: 10.99
%
Terms: 40/3
Appraised Value: $1,760,000
1st TD: $911,380
Specifics:
Charming contemporary style home with hardwood and tile flooring throughout located a short distance to South Ponto Beach and Batiquitos Lagoon State Marine. Funds are being used for renovations of the subject property. Fico 707. 4 Bed/ 4.1 Bath, 3,630 sqft. dwelling, 10,890 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $88,000
CLTV: 63%
Location: Riverside, CA 92585
Property Type: SFR
Investor Net Yield: 11
.50%
Terms: 40/3
Appraised Value: $295,000
1st TD: $97,500
Specifics:
Cozy contemporary style home with updated bath located on a large lot near Lake Perris State Recreation Area and a short drive to Mt San Jacinto. Funds are being used for existing plumbing business. Fico 537. 3 Bed/ 2 Bath, 1,500 sqft. dwelling, 14,810 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $231,000
LTV: 60%
Location: Santa Ana, CA 92703
Property Type: Condo
Investor Net Yield: 10
%
Terms: 3yr I/O
Appraised Value: $385,000
Owner Occupied: Yes
Specifics:
Wonderful two story condominium with a fireplace and 2 car garage located near Mile Square Park and Disneyland Resorts. Funds are being used to open a pet supply store. Fico 493. 3 Bed/ 1.1 Bath, 1,170 sqft. dwelling. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $89,500
CLTV: 65%
Location: Inglewood, CA 90303
Property Type: SFR
Investor Net Yield: 12
%
Terms: 40/3
Appraised Value: $650,000
1st TD: $333,000
Specifics:
Attractive bungalow style home with rear covered patio located near The Forum and the proposed LA Stadium and Entertainment district. Funds are being used to expand existing business. Fico 555. 2 Bed/ 2 Bath, 1,497 sqft. dwelling, 6,117 sqft. lot size. This loan has a 6 month prepayment penalty.
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3rd TD
Loan Amount: $450,800
CLTV: 59%
Location: Los Angeles, CA 90026
Property Type: SFR/PUD
Investor Net Yield: 13.50
%
Terms: 3yr I/O
Appraised Value: $2,200,000
1st & 2nd TD: $856,000
Specifics:
Beautiful traditional style home with a pool, spa, 2 fireplaces and a fantastic panoramic view of the city located near the Greek Theater and the Griffith Observatory. Funds are being used for busienss expansion. Fico 766 & 794. 4 Bed/ 5 Bath, 3,684 sqft. dwelling, 32,213 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $75,000
LTV: 42%
Location: Hemet, CA 92543
Property Type: SFR
Investor Net Yield: 7.99
%
Terms: 40/3
Appraised Value: $180,000
Owner Occupied: Yes
Specifics:
Cozy, one level, contemporary style home with fireplace and patio located near Seven Hills Golf Club Hemet and a short drive to Mt San Jacinto. Funds are being used for expansion of existing business. Fico 629. 2 Bed/ 2 Bath, 1,426 sqft. dwelling, 6,098 sqft. lot size.This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $150,000
CLTV: 58%
Location: Los Angeles, CA 90016
Property Type: Condo
Investor Net Yield: 11.50
%
Terms: 40/3
Appraised Value: $620,000
1st TD: $211,000
Specifics:
Charming contemporary style condo with updated kitchen and bath, currently under renovation, located a short distance to Kenneth Hahn State Recreation Area and a few miles from Los Angeles County Museum of Art and The La Brea Tar Pits and Museum. Funds are being used to renovate investment property. Fico 557. 2 Bed/ 1 Bath, 1,252 sqft. dwelling. This loan has a 3 month prepayment penalty.
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