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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 - October 15, 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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1st TD
Loan Amount: $1,700,000
LTV: 40%
Location: Los Angeles, CA 90006
Property Type: Multi Family
Investor Net Yield: 7.50
%
Terms: 3yr I/O
Appraised Value: $4,200,000
Specifics:
Multi family dwelling located near MacArthur Park and a short drive to Dodger Stadium and other local attractions. Funds are being used for property improvement and business expansion. Fico 778. 5+ Units at 10,096 sqft. dwelling, 8,399 sqft lot size. This loan has no prepayment penalty.
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2nd TD
Loan Amount: $50,000
CLTV: 61%
Location: Adelanto, CA 92301
Property Type: SFR
Investor Net Yield: 9.99
%
Terms: 40/3
Appraised Value: $255,000
1st TD: $103,741
Specifics:
Charming single story ranch style home with tile and carpet flooring located near local parks and shopping and a short drive to Mt. San Antonio and Lytle Creek areas. Funds are being used for expansion of existing business. Fico 621. 4 Bed/ 2.1 Bath, 1,815 sqft. dwelling, 7,253 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $733,000
LTV: 65%
Location: Rancho Cucamonga, CA 91739
Property Type: SFR
Investor Net Yield: 10.25
%
Terms: 40/3
Appraised Value: $1,120,000
Specifics:
Beautiful contemporary style home on large lot with remodeled kitchen and bath located within a few miles of Mt. Baldy Resort, Glen Helen Regional Park, and California State University San Bernardino. Funds are being used to payoff existing business purpose loan. Fico 649. 5 Bed / 4 Bath, 3,834 sqft. dwelling, 25,524 sqft. lot size. This loan has a 6 month prepayment penalty.
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Lower LTV
2nd TD
Loan Amount: $82,000
CLTV: 60%
Location: San Bernardino, CA 92407
Property Type: SFR
Investor Net Yield: 12
%
Terms: 40/3
Appraised Value: $375,000
1st TD: $143,000
Specifics:
Contemporary style home with covered entry and back patio located near California State of University San Bernardino and a short drive to Lake Arrowhead. Funds are being used for existing businesses. Fico 652. 4 Bed/ 2 Bath 2,212 sqft. dwelling, 7,168 sqft. lot size. This loan has a 6 month prepayment penalty.
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Rate Increase
1st TD
Loan Amount: $522,500
LTV: 55%
Location: Guadalupe, CA 93434
Property Type: Commercial
Investor Net Yield: 10.75
%
Terms: 3yr I/O
Appraised Value: $950,000
Specifics:
Mixed-use Commercial and Residential historical building, which includes 2 apartments, event hall, office and basement located on a main thoroughfare and a few miles from the ocean. Funds are being used for capital for existing business. Fico 593. 7,876 sqft. building, 3,104 sqft. basement, 5,194 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $251,000
CLTV: 65%
Location: Los Angeles, CA 90041
Property Type: SFR
Investor Net Yield: 11.50
%
Terms: 40/3
Appraised Value: $845,000
1st TD: $298,214
Specifics:
Single story Craftsman bungalow style home with dual pane windows and hardwood and tile flooring located within the Eagle Rock neighborhood and a short drive to the L.A. Zoo and Griffith Park area. Funds are being used for equipment and capital for existing business. Fico 617. 2 Bed/ 1 Bath, 1,170 sqft. dwelling, 5,513 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $200,000
LTV: 63%
Location: Sacramento, CA 95833
Property Type: SFR
Investor Net Yield: 10.25
%
Terms: 40/3
Appraised Value: $320,000
Specifics:
Desirable ranch style dwelling with updated kitchen, baths and enclosed patio located within a few miles of California State University Sacramento, Sacramento History Museum and other downtown attractions. Funds are being used to pay existing mortgage. Fico 459. 3 Bed/ 2 Bath, 1,117 sqft. dwelling, 7,405 lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $104,000
CLTV: 65%
Location: Long Beach, CA 90815
Property Type: SFR
Investor Net Yield: 11.25
%
Terms: 40/3
Appraised Value: $590,000
1st TD: $279,000
Specifics:
Conventional style single family residence with wood and ceramic flooring and a fireplace located near local parks and a few miles from Belmont Shores and other beach areas. Funds are being used for subject property improvement. Fico 653. 3 Bed/ 1 Bath, 1,138 sqft dwelling, 6,070 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $175,000
CLTV: 60%
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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An Equal Housing Lender.
Equity Wave is a registered trademark of Equity Wave Lending, Inc.
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