Recently Funded Hard Money Loan – Big Bear : $360,000 1st TD, 36.72% LTV, 10.00% Lender Rate

Borrower was seeking this Bridge Loan to purchase a SFR in Big Bear using her primary residence in Los Angeles as a cross collateral 2nd TD. The Borrower will be retiring from Merrill Lynch and moving to the Big Bear property for retirement. The Los Angeles property is already listed for sale. The subject is…