Equity Wave Lending_ Inc.
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 - June 13, 2019

  
 
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
 




*Please note EWL will be posting the newsletter on 
Tuesdays and Thursdays.*
   
 
 
 
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
 
or        debbi@equitywavelending.com 
or        susie@equitywavelending.com 
 
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1st TD
Loan Amount: $1,190,000
LTV: 70% 
Location: Los Angeles, CA 90062
Property Type: 4 Units 
Investor Net Yield: 10.50 %
Terms: 40/3
Appraised Value: $1,700,000
Owner Occupied: Yes
     
Specifics:
Appealing contemporary style 4 unit property with new plumbing, electrical, windows and doors located a few miles from University of Southern California, Staples Center and several other local attractions.  Funds are being used to payoff the existing lien and a few other improvements. Fico 527.  10 Bed/  10 Bath 6,329 sqft. dwelling, 6,501 sqft lot size. This loan has a 6 month prepayment penalty. 



Reduced LTV
   
 
    
1st TD
Loan Amount: $560,000
LTV: 60% 
Location: Hollister, CA 95023
Property Type: SFR
Investor Net Yield: 11 .50%
Terms: 40/3
Appraised Value: $930,000
Owner Occupied: No
     
Specifics:
Cute ranch style home on a large lot with new roof, paint, pergo flooring, and granite kitchen countertop located a short distance to Monterey Bay and Santa Cruz. Funds are being used to purchase additional investment properties.  Fico 647. 5 Bed/ 3 Bath, 2,048 sqft. dwelling, 7.93 acres lot size. This loan has a 6 month prepayment penalty. 



   
 
    
2nd TD
Loan Amount: $225,000
CLTV: 61% 
Location: Los Angeles, CA 90046
Property Type: SFR
Investor Net Yield: 11 %
Terms: 40/3
Appraised Value: $1,825,000
1st TD: $887,500
Owner Occupied: Yes
     
Specifics:
Charming mid-century style home with a spa and view of the nearby hills located in the Nichols Canyon area of Hollywood Heights near Briar Summit and Universal City area. Funds will be used for business expansion. Fico 670/663. 3 bed/ 2 Bath, 2,152 sqft. dwelling, 7,980 sqft. lot size. This loan has a 3 month prepayment penalty. 



      
 
    
1st TD
Loan Amount: $275,000
LTV: 50% 
Location: Ridgecrest, CA 93555
Property Type: Commercial
Investor Net Yield: 10.25 %
Terms: 40/3
Appraised Value: $550,000
Owner Occupied: No
     
Specifics:
Nice, two level, mixed use commercial warehouse building with a loft on the second floor and an on-site parking lot located near local parks and shopping.  Funds are being used to pay existing property taxes and for subject improvements. Fico 557. 9,187 sqft. dwelling, 17,860 sqft. lot size. Cap rate of 9.5%. This loan has a 6 month prepayment penalty. 



   
 
    
2nd TD
Loan Amount: $506,000
CLTV: 60% 
Location: Fair Oaks, CA 95628
Property Type: Commercial
Investor Net Yield: 12 %
Terms: 3yr I/O
Appraised Value: $2,900,000
1st TD: $1,234,000
Owner Occupied: No
     
Specifics:
Multi-tenant retail building with 6 units and 33 parking spaces located in dense residential area and very close to several restaurants and shopping areas. Funds are being used for business.  Fico 630.  9,667 rentable sqft., 47,045 sqft lot size. This loan has a 6 month prepayment penalty. 



 Rate Increase 
 
 
    
2nd TD
Loan Amount: $338,400
CLTV: 70% 
Location: Whittier, CA 90602
Property Type: SFR
Investor Net Yield: 12.50 %
Terms: 40/3
Appraised Value: $1,600,000
1st TD: $779,786
Owner Occupied: Yes
     
Specifics:
Two level Colonial Revival Historical home located located in the hills of Whittier.  Funds are being used to pay off existing 2nd TD and capital for dental practice. Fico 707. 4 Bed/  4.2 Bath 4,753 sqft. dwelling 45,738  sqft. lot size. This loan has a 6 month prepayment penalty. 



   
 
    
2nd TD
Loan Amount: $115,000
CLTV: 54% 
Location: Pomona, CA 91766
Property Type: 2 Unit 
Investor Net Yield: 11 %
Terms: 40/3
Appraised Value: $400,000
1st TD: $141,000
Owner Occupied: Yes
     
Specifics:
Craftsman style 2 unit property with updated kitchen, bath and hardwood and tile flooring throughout located a few miles from LA County Fairgrounds and the University of La Verne. Funds are being used to expand his existing mechanic business. Fico 670.  4 Bed/  2 Bath 1,794 sqft. dwelling, 7,800 sqft lot size. This loan has a 6 month prepayment penalty. 



 
CA DRE # 018890464   NMLS #399144 | CFL File # 603 K580
An Equal Housing Lender
Equity Wave is a registered trademark of Equity Wave Lending, Inc.