Recently Funded Hard Money Loan – San Pedro: $260,000, 1st TD, 37.14% LTV, 9.00% Lender

Borrowers were seeking a cash-out 1st TD Bridge Loan on their current primary residence in San Pedro in Los Angeles County.  The funds from this Bridge Loan were to payoff an existing 1st TD and help to fund the purchase of their new out-of-state primary residence.  Borrower plans to sell this San Pedro property within…