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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 5, 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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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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Rate Increase
2nd TD
Loan Amount: $644,000
CLTV: 65%
Location: Los Angeles, CA 90019
Property Type: 2 Unit
Investor Net Yield: 11
%
Terms: 40/3
Appraised Value: $1,410,000
1st TD: $272,500
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: $43,500
CLTV: 65%
Location: Temecula, CA 92592
Property Type: SFR
Investor Net Yield: 12
%
Terms: 40/3
Appraised Value: $570,000
1st TD: $327,000
Specifics:
Spacious contemporary style home on large lot with soft water system, dual pane windows, wood shutters and recessed lighting located a short drive to Carlsbad and other beach cities. Funds are being used for existing business. Fico 498. 4 Bed/ 3 Bath 3,738 sqft. dwelling, 10,019 sqft. lot size. This loan has a 6 month prepayment penalty.
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Rate Increase
1st TD
Loan Amount: $196,700
LTV: 70%
Location: Sacramento, CA 95820
Property Type: SFR
Investor Net Yield: 10
%
Terms: 3yr I/O
Appraised Value: $281,000
Specifics:
Ranch style single family residence with title and wood flooring located near local schools, parks and shopping. Funds are being used for business purpose. Fico 553. 3 Bed/ 2 Bath, 1,316 sqft. dwelling, 6,098 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $254,400
CLTV: 65%
Location: Orange, CA 92866
Property Type: SFR
Investor Net Yield: 11.25
%
Terms: 3yr I/O
Appraised Value: $750,000
1st TD: $233,071
Specifics:
Lovely single level ranch style home with a fireplace and an accessory unit located near Chapman University, Angel Stadium and Main Place Mall. Funds are being used to pay off existing loan on an investment property. FICO 793. 3 Bed/ 1 Bath , 1,074 sqft. dwelling, plus an 867 sqft. accessory unit, 8,276 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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