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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 - August 8, 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: $150,000
CLTV: 65%
Location: Laguna Hills, CA 92653
Property Type: SFR
Investor Net Yield: 10.49
%
Terms: 40/3
Appraised Value: $770,000
1st TD: $384,000
Specifics:
Beautiful contemporary style home with recently remodeled kitchen located near local parks, country clubs and shopping and a short drive to the Laguna Beach area. Funds are being used to expand existing business. Fico 659. 3 Bed/ 2.1 Bath, 2,026 sqft. dwelling, 4,500 sqft. lot size. This loan has a 6 month prepayment penalty.
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Rate Increase
2nd TD
Loan Amount: $60,000
CLTV: 65%
Location: San Diego, CA 92104
Property Type: SFR
Investor Net Yield: 12.50
%
Terms: 40/3
Appraised Value: $620,000
1st TD: $342,000
Specifics:
Conventional style dwelling with manufactured home on lot (no value given to manufactured home) located within a few miles of Coronado, San Diego Air and Space Museum and several other local attractions. Funds are being used for existing business. Fico 626. 2 Bed/ 1 Bath 764 sqft. dwelling, 7,000 sqft. lot size. This loan has a 6 month prepayment penalty.
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Cross Collateralization
1st TD
Loan Amount: $115,000
LTV: 50%
Location: Los Angeles, CA 90031
Property Type: Land
Investor Net Yield: 11
.50%
Terms: 1yr I/O
Appraised Value: $230,000
Specifics:
2 parcels of land located a few miles from Dodger Stadium, Staples Center and other local attractions. Funds are being used for entitlements. Fico 660. 9,005 sqft and 3,750 sqft. lot sizes. This loan has a 3 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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