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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 17, 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: $1,200,000
LTV: 68%
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:
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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Rate Increase
2nd TD
Loan Amount: $360,000
CLTV: 60%
Property Type: SFR
Investor Net Yield: 11.50
%
Terms: 40/3
Appraised Value: $3,600,000
1st TD: $1,800,000
Specifics:
Marvelous and 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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Rate Increase / $1,000,000 Available / Will Fractionalize
1st TD
Loan Amount: $2,100,000
LTV: 60%
Location: Costa Mesa, CA 92627
Property Type: Commercial
Investor Net Yield: 9.50
%
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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1st TD
Loan Amount: $590,000
LTV: 51%
Location: San Diego, CA 92109
Property Type: SFR
Investor Net Yield: 8.75
%
Terms: 40/3
Appraised Value: $1,150,000
Specifics:
Beautiful conventional style home with tile and wood flooring throughout and updated kitchen and baths located blocks to the ocean and near Mission Bay and SeaWorld San Diego. Funds are being used for business expansion of a law firm. Fico 629. 3 Bed/ 2 Bath, 1,300 sqft. dwelling, 4,500 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $766,000
LTV: 68%
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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2nd TD
Loan Amount: $103,250
CLTV: 65%
Location: Temple City, CA 91780
Property Type: Condo
Investor Net Yield: 11.25
%
Terms: 7yr I/O
Appraised Value: $825,000
1st TD: $432,345
Specifics:
Two level detached condo with a fireplace and updated kitchen and baths located near Santa Anita Park and Los Angeles County Arboretum and a short drive to the Rose Bowl. Funds are being used to pay off current 2nd TD and expand borrowers existing business. Fico 686. 5 Bed/ 3 Bath 2,040 sqft. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $300,000
CLTV: 62%
Location: Los Angeles, CA 90016
Property Type: 4 Units
Investor Net Yield: 10.75
%
Terms: 3yr I/O
Appraised Value: $1,300,000
1st TD: $503,953
Specifics:
Two story, quadraplex style housing with vinyl, carpet and tile flooring and a patio located near local parks and shopping and a short drive to the Venice Beach area. Funds are being used to open a franchise quick service restaurant. Fico 744. 8 Bed/ 4 Bath 3,326 sqft. dwelling 5,830 sqft. lot size. All units are 2 Bed/ 1 Bath and the sqft. for each unit ranges from 810-852 sqft. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $185,000
CLTV: 65%
Location: Gardena, CA 90249
Property Type: SFR
Investor Net Yield: 10.99
%
Terms: 40/3
Appraised Value: $760,000
1st TD: $308,400
Specifics:
Charming single story conventional style home with hardwood flooring, pool & spa and recently upgrades kitchen and bath located near local parks and shopping and a short drive to the Manhattan Beach area. Funds are being used to pay off existing business purpose 2nd and purchase of investment property. Fico 634. 3 Bed/ 2 Bath, 1,426 sqft. dwelling 9,670 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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