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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 19, 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: $297,750
CLTV: 57%
Location: Los Angeles, CA 90026
Property Type: 2 Unit
Investor Net Yield: 11.25
%
Terms: 40/3
Appraised Value: $1,475,000
1st TD: $661,000
Specifics:
Desirable 2 unit property with updated kitchen & baths and downtown city view located within a few miles of The Greek Theatre, Griffith Park and the Hollywood Bowl. Funds are being used for existing business. Fico 549. 6 Bed/ 4 Bath 3,450 sqft. dwelling, 3,636 sqft. lot size. This loan has a 6 month prepayment penalty.
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Rate Increase
1st TD
Loan Amount: $1,200,000
LTV: 68%
Location: Los Osos, CA 93402
Property Type: SFR
Investor Net Yield: 10
%
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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2nd TD
Loan Amount: $185,000
CLTV: 65%
Location: Gardena, CA 90249
Property Type: SFR
Investor Net Yield: 11.50
%
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 upgraded 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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2nd TD
Loan Amount: $300,000
CLTV: 62%
Location: Los Angeles, CA 90016
Property Type: 4 Units
Investor Net Yield: 11
%
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: $57,000
CLTV: 65%
Location: Rialto, CA 92376
Property Type: SFR
Investor Net Yield: 11.50
%
Terms: 40/3
Appraised Value: $320,000
1st TD: $151,292
Specifics:
One level ranch style home with tile flooring and a pool located near local schools and shopping and a short drive to the Arrowhead and Crestline areas. Funds are being used for equipment and capital for existing business. Fico 614. 3 Bed/ 2 Bath 1,024 sqft. dwelling, 8,040 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $300,000
CLTV: 58%
Property Type: SFR
Investor Net Yield: 11.50
%
Terms: 40/3
Appraised Value: $3,600,000
1st TD: $1,800,000
Specifics:
The current 1st lien has a rate of 3.8% and the borrower can provide documentation to support income and assets, if requested. 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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1st TD
Loan Amount: $285,000
LTV: 56%
Location: Inglewood, CA 90305
Property Type: SFR
Investor Net Yield: 8.75
%
Terms: 40/2
Appraised Value: $510,000
Specifics:
Single story Spanish style home with hardwood and carpet flooring and a fireplace located near local parks and a short drive to the Marina Del Rey area. Funds are being used to update the subject rental property. Fico 715. 2 Bed/ 1.1 Bath, 1,322 sqft. dwelling, 5,800 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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