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 16, 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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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, 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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Lower LTV / Rate Increase
2nd TD
Loan Amount: $232,875
CLTV: 59%
Location: Bermuda Dunes, CA 92230
Property Type: SFR
Investor Net Yield: 11
.25%
Terms: 40/3
Appraised Value: $1,400,000
1st TD: $598,726
Specifics:
Attractive, one level, conventional style home with pool and spa located near Wood Haven Country Club and Palm Desert Resort Country Club. Funds are being used to refresh 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: $173,000
CLTV: 62%
Location: Encino, CA 91436
Property Type: SFR
Investor Net Yield: 13
%
Terms: 40/3
Appraised Value: $4,150,000
1st TD: $2,400,000
Specifics:
Stunning, completely remodeled, contemporary style home on large lot with pool and wood and tile flooring throughout located within a few miles of The Getty and University of California Los Angeles. Funds are being used to expand existing business. Fico 769. 5 Bed/ 5.1 Bath, 5,417 sqft. dwelling, 30,788 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 91008
Property Type: SFR
Investor Net Yield: 10.25
%
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., 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
%
Terms: 3yr I/O
Appraised Value: $463,000
Owner Occupied: No
Specifics:
Cozy 2 unit conventional style home with wood and carpet throughout located a short distance to 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: $150,000
CLTV: 65%
Location: Glendale, CA 91202
Property Type: Condo
Investor Net Yield: 11
.25%
Terms: 40/3
Appraised Value: $850,000
1st TD: $406,000
Specifics:
Appealing 2 story condo with mountain views, custom kitchen remodel with built in cabinetry and remodeled bathrooms located very close to Griffith Park and the Los Angeles Zoo. Funds are being used to expand exisitng business. Fico 661. 2 Bed/ 2.1 Bath 2,169 sqft. dwelling. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $88,000
CLTV: 62%
Location: Romoland, CA 92585
Property Type: SFR
Investor Net Yield: 11
.25%
Terms: 40/3
Appraised Value: $295,000
1st TD: $99,000
Specifics:
Contemporary style home on large lot with updated bathrooms located very close to Big League Dreams Perris Ballpark and a short distance to Canyon Lake and Diamond Valley Lake. 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: $307,500
Appraised Value: $510,000 - LTV: 60%
Purchase Price:
$410,000 - LTV: 75%
Location: Tustin, CA 92780
Property Type: 2 Units
Investor Net Yield: 9.50
%
Terms: 3yr I/O
Appraised Value: $510,000
Owner Occupied: No
Specifics:
Well maintained two unit property located near local parks and shopping and a short drive to Disneyland, Irvine Lake and most Orange County attractions. Fico 761. Unit One is 1 Bed/ 1 Bath, 528 sqft., Unit Two is 2 Bed/ 1 Bath, 882 sqft. 9,148 sqft lot size. This loan has a 3 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: 11.50
%
Terms: 40/3
Appraised Value: $650,000
1st TD: $333,000
Specifics:
Bungalow style home with rear covered patio located very close to 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
TCLTV: 59%
Location: Los Angeles, CA 90026
Property Type: SFR/PUD
Investor Net Yield: 12.25
%
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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2nd TD
Loan Amount: $77,000
CLTV: 59%
Location: San Francisco, CA 94127
Property Type: SFR
Investor Net Yield: 12.75
%
Terms: 40/3
Appraised Value: $2,100,000
1st TD: $1,172,000
Specifics:
Attractive 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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