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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 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: $90,000
CLTV: 65%
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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1st TD
Loan Amount: $522,500
LTV: 55%
Location: Guadalupe, CA 93434
Property Type: Commercial
Investor Net Yield: 9.49
%
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: $100,000
CLTV: 63%
Location: Los Angeles, CA 90037
Property Type: 2 Unit
Investor Net Yield: 11.50
%
Terms: 40/3
Appraised Value: $530,000
1st TD: $233,000
Specifics:
Traditional style two unit dwelling with one structure consisting of 2 stories and covered porch located within a few miles of Natural History Museum of Los Angeles, University of Southern California and Shrine Auditorium. Funds are being used for subject repairs and additional property investments. Fico 699. 5 Bed/ 3 Bath, 2,271 sqft. dwelling, 6,480 sqft. lot size. This loan has a 3 month prepayment penalty.
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2nd TD
Loan Amount: $100,000
CLTV: 69%
Location: North Hollywood, CA 91605
Property Type: SFR
Investor Net Yield: 11.50
%
Terms: 40/3
Appraised Value: $950,000
1st TD: $555,000
Specifics:
Beautiful traditional style home with upgrades throughout, pool, built-in outdoor kitchen/BBQ and converted garage located a few miles from Griffith Park, Los Angeles Zoo and Universal City Walk. Funds are being used for existing elderly care businesses. Fico 672. 3 Bed/ 2 Bath, 2,104 sqft. dwelling, 8,673 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $750,000
LTV: 58%
Location: San Francisco, CA 94109
Property Type: Condo
Investor Net Yield: 8
%
Terms: 40/3
Appraised Value: $1,300,000
Specifics:
Appealing contemporary one level, 2nd floor unit condo with updated kitchen and baths and wood flooring throughout located within a mile of San Francisco Bay and Pier 39 and other seaside attractions. Funds are being used for existing auto business. Fico 624. 3 Bed/ 2 Bath, 1,334 sqft. dwelling. 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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