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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 10, 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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$930,000 Available / Will Fractionalize
1st TD
Loan Amount: $2,100,000
LTV: 60%
Location: Costa Mesa, CA 92627
Property Type: Commercial
Investor Net Yield: 8.75
%
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. Gross leasable area 7,565 sqft., .47 acres lot size. This loan has a 3 month prepayment penalty.
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Will Fractionalize
1st TD
Loan Amount: $916,500
CLTV: 65%
Location: Los Angeles, CA 90019
Property Type: 2 Unit
Investor Net Yield: 9.50
%
Terms: 40/3
Appraised Value: $1,410,000
Specifics:
Multifamily Spanish style dwelling with wood flooring and two car garage located near Marina Del Rey and other local beaches, Hollywood Bowl, Griffith Park and Observatory. Funds are being used for existing business and additional property investments. Fico 742. 6 Bed/ 2 Bath, 3,568 sqft. dwelling, 7,401 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $200,000
CLTV: 65%
Location: Carlsbad, CA 92009
Property Type: PUD
Investor Net Yield: 11.50
%
Terms: 40/3
Appraised Value: $1,160,000
1st TD: $549,000
Specifics:
Desirable Mediterranean style home with updated kitchen and bath and dual pane windows located a few miles from Soland Beach and Del Mar Racetrack. Funds are being used for existing business. Fico 550. 5 Bed/ 4 Bath 2,795 sqft. dwelling, 6,781 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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