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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 26, 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: $100,000
CLTV: 62%
Location: Arnold, CA 95223
Property Type: SFR
Investor Net Yield: 12
%
Terms: 40/5
Appraised Value: $515,000
1st TD: $221,500
Specifics:
Appealing contemporary style home with hardwood flooring, jetted tub in master and salt water solar heated swimming pool, located at the edge of Stanislaus National Forest and a short drive to Lake Tahoe. Funds are being used for existing business. Fico 607. 3 Bed/ 2.5 Bath, 1,768 sqft. dwelling, 19,602 sqft. lot size. This loan has a 12 month prepayment penalty.
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Will Fractionalize / $1,000,000 Available
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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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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An Equal Housing Lender.
Equity Wave is a registered trademark of Equity Wave Lending, Inc.
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