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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 - June 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: $291,000
CLTV: 60%
Location: Fontana, CA 92337
Property Type: Mixed-Commercial
Investor Net Yield: 11.50
%
Terms: 5yr I/O
Appraised Value: $1,050,000
1st TD: $339,000
Specifics:
Appealing ranch style property with mobile/ office (no value was given) & mountain. on a large lot located a few miles from University of California Riverside and a short drive to Mountain resort areas. Funds are being used for existing transport business. Fico 671. 3 Bed/ 1.5 Bath, 2,220 sqft. dwelling, 43,344 sqft. lot size. This loan has a 12 month prepayment penalty.
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2nd TD
Loan Amount: $115,000
LTV: 70%
Location: Los Angeles, CA 90062
Property Type: 4 Units
Investor Net Yield: 12.50
%
Terms: 40/3
Appraised Value: $1,700,000
1st TD: $1,075,000
Specifics:
Appealing contemporary style 4 unit property with new plumbing, electrical, windows, and doors located a few miles from University of Southern California, Staples Center, and several other local attractions. Funds are being used to payoff the existing lien and a few other improvements. Fico 527. 10 Bed/ 10 Bath, 6,329 sqft. dwelling, 6,501 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $264,000
LTV: 48%
Location: Ridgecrest, CA 93555
Property Type: Commercial
Investor Net Yield: 10.50
%
Terms: 40/3
Appraised Value: $550,000
Specifics:
Nice, two level, mixed use commercial warehouse building with a loft on the second floor and an on-site parking lot located near local parks and shopping. Funds are being used to pay existing property taxes and for subject improvements. Fico 557. 9,187 sqft. dwelling, 17,860 sqft. lot size. Cap rate of 9.5%. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $338,400
CLTV: 70%
Location: Whittier, CA 90602
Property Type: SFR
Investor Net Yield: 12.50
%
Terms: 40/3
Appraised Value: $1,600,000
1st TD: $779,786
Specifics:
Two level Colonial Revival Historical home located located in the hills of Whittier. Funds are being used to pay off existing 2nd business lien and capital for dental practice. Fico 707. 4 Bed/ 4.2 Bath 4,753 sqft. dwelling 45,738 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $148,750
CLTV: 65%
Location: Lemon Grove, CA 91945
Property Type: 2 Unit
Investor Net Yield: 10.99
%
Terms: 3yr I/O
Appraised Value: $675,000
1st TD: $290,000
Specifics:
One level duplex style home located in the city of Lemon Grove. Funds are being used for rehab of an investment property. Fico 722 5 Bed/ 3 Bath 1,973 sqft. dwelling 9,350 sqft. lot size.
Unit 1: 3 bed 2 bath 1,100 sq ft. Unit 2: 2 bed 1 bath 873 sq ft. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $115,000
CLTV: 54%
Location: Pomona, CA 91766
Property Type: 2 Unit
Investor Net Yield: 11
%
Terms: 40/3
Appraised Value: $400,000
1st TD: $141,000
Specifics:
Craftsman style 2 unit property with updated kitchen, bath and hardwood and tile flooring throughout located a few miles from LA County Fairgrounds and the University of La Verne. Funds are being used to expand an existing mechanic business. 4 Bed/ 2 Bath 1,794 sqft. dwelling, 7,800 sqft lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $200,000
CLTV: 59%
Location: Gardena, CA 90247
Property Type: 4 Unit
Investor Net Yield: 10.50
%
Terms: 40/5
Appraised Value: $1,078,000
1st TD: $437,705
Specifics:
Detached 4 unit style home located in the city of Gardena. Funds are being used for capital for insurance business recently purchased. Fico 750. 7 Bed/ 6 Bath 3,712 sqft. dwelling 16,490 sqft. lot size with a 4 car garage. This loan has a 12 month prepayment penalty.
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2nd TD
Loan Amount: $588,000
CLTV: 65%
Location: Topanga, CA 90290
Property Type: SFR
Investor Net Yield: 10.99
%
Terms: 40/3
Appraised Value: $1,350,000
1st TD: $289,498
Specifics:
Attractive, two level, modern style home located a short drive to Topanga Beach and State Park. Funds are being used to pay off existing 2nd TD and for capital for an existing business. Fico 687. 4 Bed/ 1.5 Bath, 2,061 sqft. dwelling, 7,033 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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