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Equity Wave Lending, Inc.
| 2355 Main Street, Ste 230, Irvine, CA 92614
Phone: (949) 252-0025 | Fax: (949) 252-0525 |
equitywavelending.com
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Available Trust Deeds - September 24, 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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Rate Increase/ $1,200,000 Available/ Will Fractionalize
1st TD
Loan Amount: $2,100,000
LTV: 60%
Location: Costa Mesa, CA 92627
Property Type: Commercial
Investor Net Yield: 10
%
Terms: 5yr I/O
Appraised Value: $3,500,000
Specifics:
Commercial building currently being used as an auto sales business located on a main thoroughfare with good freeway access. Funds are being used to payoff the current lien. Fico 663. Gross leasable area 7,565 sqft., .47 acres lot size. This loan has a 3 month prepayment penalty.
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2nd TD
Loan Amount: $150,000
CLTV: 56%
Location: San Pedro, CA 90732
Property Type: SFR
Investor Net Yield: 11.25
%
Terms: 40/3
Appraised Value: $869,000
1st TD: $344,000
Specifics:
Appealing traditional style home with new circuit panel, copper plumbing, hardwood flooring and updated kitchen and baths located within a mile of the pacific shoreline and close to several nature centers, parks and reserves. Funds are being used for business. Fico 595. 3 Bed/ 2 Bath 2,058 sqft. dwelling, 7,248 sqft lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $422,000
LTV: 63%
Location: Sherman Oaks, CA 91403
Property Type: Condo
Investor Net Yield: 9.99
%
Terms: 3yr I/O
Appraised Value: $675,000
Specifics:
Mid-rise Condominium home on the 3rd level with tile and carpet flooring, dual pane windows and a balcony located near Lake Balboa and a short drive to Griffith Park Observatory. Funds are being used to pay off reverse mortgage and update the subject property. Fico 559, 3 Bed/ 2 Bath 1,562 sqft. dwelling. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $275,000
CLTV: 58%
Property Type: SFR
Investor Net Yield: 12
%
Terms: 40/3
Appraised Value: $3,600,000
1st TD: $1,800,000
Specifics:
The current 1st lien has a rate of 3.8% and the borrower can provide documentation to support income and assets, if requested. Spacious contemporary style home recently rebuilt with tile flooring, 2 fireplaces and a pool and spa located near local parks, golf courses and Ojai Valley Inn and Spa and a short drive to Lake Casitas. Funds are being used for business purpose. Fico 671. 4 Bed/ 3 Bath, 3,106 sqft. dwelling, 9.79 acres lot size. This loan has a 6 month prepayment penalty.
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Will Fractionalize
1st TD
Loan Amount: $1,100,000
LTV: 62%
Location: Los Osos, CA 93402
Property Type: SFR
Investor Net Yield: 9.50
%
Terms: 40/3
Appraised Value: $1,765,000
Purchase Price: $1,350,000 (Lease Option)
Specifics:
Rents debt service $9,000 per month for this appealing split level home with accessory unit, newer roof, paint, upgraded kitchen and baths located within a few miles of Morro Bay and Morro Bay State Park. Funds are being used to purchase as investment property. Fico 686. 4 Bed/ 4 Bath 4,118 sqft. dwelling, 43,560 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $261,000
CLTV: 62%
Location: Los Angeles, CA 90026
Property Type: 2 Unit
Investor Net Yield: 11.25
%
Terms: 40/3
Appraised Value: $1,475,000
1st TD: $661,000
Specifics:
Desirable 2 unit property with updated kitchen, baths and downtown city view located within a few miles of The Greek Theatre, Griffith Park and the Hollywood Bowl. Funds are being used for existing business. Fico 549. 6 Bed/ 4 Bath 3,450 sqft. dwelling, 3,636 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $460,000
LTV: 66%
Location: Fresno, CA 93722
Property Type: Commercial
Investor Net Yield: 11
%
Terms: 3yr I/O
Appraised Value: $700,000
Specifics:
Commercial property with two buildings used as a warehouse and an office currently rented in a commercial area with good access to local freeways. Funds are being used for business purpose. Fico 641. 6,000 sqft. warehouse, 1,120 sqft. office, 19,200 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $90,000
CLTV: 62%
Location: Santa Ana, CA 92703
Property Type: SFR
Investor Net Yield: 11
.25%
Terms: 40/5
Appraised Value: $660,000
1st TD: $317,500
Specifics:
Modern two story home with 2nd level master bedroom and bathroom addition located near Disneyland Park, Downtown District and a few miles from Huntington Beach. Funds are being used for existing business. Fico 576. 5 Bed/ 3.5 Bath 1,651 sqft. dwelling, 7,400 sqft. lot size. This loan has a 12 month prepayment penalty.
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An Equal Housing Lender.
Equity Wave is a registered trademark of Equity Wave Lending, Inc.
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