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Equity Wave Lending, Inc.
| 2355 Main Street, Ste 230, Irvine, CA 92614
Phone: (949) 252-0025 | Fax: (949) 252-0525
www.equitywavelending.com
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Available Trust Deeds - July 16, 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: $750,000
CLTV: 50%
Location: Los Angeles, CA 90008
Property Type: Commercial
Investor Net Yield: 10
%
Terms: 40/3
Appraised Value: $3,000,000
1st TD: $750,000
Owner Occupied: Owner User/Rental
Specifics:
Two level office building located in the Leimert Park neighborhood of Los Angeles. The second floor is occupied by several tenants and the first floor is occupied by the owner's business. Funds are being used for existing business. Fico 688. 8,451 sqft. dwelling 8,320 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $49,000
CLTV: 68%
Location: Lancaster, CA 93535
Property Type: SFR
Investor Net Yield: 10.99
%
Terms: 40/3
Appraised Value: $248,000
1st TD: $121,316
Specifics:
Charming single story ranch style home with a fireplace located near local parks and shopping and a short drive to Lake Elizabeth and Lake Hughes. Funds are being used to make home improvements on the subject, Fico 627. 3 Bed/ 2.1 Bath 1,598 sqft. dwelling 8,100 sqft. lot size. This loan has a 6 month prepayment penalty.
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Rate Increase
1st TD
Loan Amount: $273,000
LTV: 65%
Location: Oak Hills, CA 92344
Property Type: SFR
Investor Net Yield: 9.25
%
Terms: 40/3
Appraised Value: $420,000
Specifics:
Single story ranch style home with 2+ acres and gorgeous views located a short drive to Wrightwood mountain area and the Silverwood Lake area. Funds are being used for purchasing equipment and capital for existing business. Fico 655. 4 Bed/ 3 Bath 2,330 sqft. dwelling , 87,120+ sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $630,500
CLTV: 69%
Location: Los Angeles, CA 90027
Property Type: 2 Unit
Investor Net Yield: 13.50
%
Terms: 40/3
Appraised Value: $1,850,000
1st TD: $534,400
Last List Price: $1,695,000
Specifics:
Beautiful Custom and Contemporary style home with wood and tile flooring throughout located within a few miles of The Greek Theatre and Griffith Observatory. Funds are being used to payoff current business purpose loan and property acquisition and renovation. Fico 588. 6 Bed/ 6.1 Bath 3,376 sqft. dwelling, 5,624 sqft. lot size. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $53,700
CLTV: 65%
Location: Coachella, CA 92236
Property Type: SFR
Investor Net Yield: 12
%
Terms: 40/3
Appraised Value: $213,500
1st TD: $85,000
Specifics:
Spanish style home with hardwood, tile and vinyl flooring and updated baths located a short drive to Joshua Tree National Park. Funds are being used to purchase additional investment properties. Fico 589. 3 Bed/ 2 Bath, 1,377 sqft. dwelling, 7,950 sqft. lot size. This loan has a 6 month prepayment penalty.
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Rate Increase
1st TD
Loan Amount: $525,000
LTV: 34%
Location: Planada, CA 95365
Property Type: Commercial
Investor Net Yield: 10
.50%
Terms: 3 yr I/O
Appraised Value: $1,550,000
Owner Occupied: Owner User
Specifics:
Four building office/industrial complex located within a few miles from the University of California, Merced and a short drive to Yosemite National Park. Funds are being used for business. Fico 710. 77,785 sqft. rentable area on 5.30 acres. This loan has a 6 month prepayment penalty.
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2nd TD
Loan Amount: $118,000
CLTV: 66%
Location: Compton, CA 90221
Property Type: 4 Units
Investor Net Yield: 10.99
%
Terms: 40/3
Appraised Value: $810,000
1st TD: $415,147
Specifics:
Two level contemporary style 4 unit property located in the East Rancho Dominguez area near local parks and shopping and a short drive to the Redondo Beach and Hermosa Beach areas. Funds are being used to purchase business equipment and reduce business debt. Fico 701. Each unit is a 3 bed/1 bath, 1,093 sqft. totaling 12 Bed/ 4 Bath, 4,372 sqft. dwelling 6,097 sqft. lot size. This loan has a 6 month prepayment penalty.
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1st TD
Loan Amount: $175,000
LTV: 65%
Location: Sacramento, CA 95833
Property Type: Mixed Commercial
Investor Net Yield: 10
%
Terms: 3yr I/O
Appraised Value: $270,000
Specifics:
Cute contemporary style dwelling renovated, updated and converted to a business office including kitchen with newer cabinetry and granite counters located very close to several commercial stores and residential homes. Funds are being used for business. Fico 658. 3 Bed/ 2 Bath 1,444 sqft. dwelling, 10,018 sqft lot size. This loan has a 3 month prepayment penalty.
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2nd TD
Loan Amount: $320,000
CLTV: 57%
Location: Burbank, CA 91505
Property Type: Commercial
Investor Net Yield: 9.50
%
Terms: 40/3
Appraised Value: $1,820,000
1st TD: $711,722
Owner Occupied: Owner User
Specifics:
One level commercial restaurant, Taco Bell, owned and operated by the borrower located near Warner Bros and Disney Animation Studios. Funds are being used to invest in additional real estate. Fico 735. 1,344 sqft. dwelling 8,983 sqft. lot size. This loan has a 6 month prepayment penalty.
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CA DRE # 018890464
NMLS #399144
| CFL File # 603 K580
An Equal Housing Lender
Equity Wave is a registered trademark of Equity Wave Lending, Inc.
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