Need bridge loan - awaiting re-finance on home
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Listing Information
Amount: $5,000.00 Status: Loan created
Grade: D DTI: 10,000%
Lender Rate: 21% Borrower: charismatic1947
Time Left: Finished State: CA
Funded: 100% Group: Harvard University Alumni & Students
Loan Information
Loan Status: 4+ months late Origination Date: 2007-03-06 EricsCC ROI: -48%
Status History
Mar 07, 2007 Current
Apr 22, 2008 Late
May 07, 2008 1 month late
Jun 10, 2008 2 months late
Jul 09, 2008 3 months late
Aug 07, 2008 4+ months late
I have been a businesswoman for over 30 years, with a Harvard MBA . I have had a successful career path, particularly working with start-up companies and small busineses. Last summer, however, my family suffered a health crisis and I too had to go under doctor care. The start-up business I have been developing, consequently, suffered from this personal crash. Personal bills that I have been used to paying on time fell such that my credit took a dive. I had no choice but to refinance property I own and am now awaiting the closing of that loan. I estimate that conservatively it will take another 3-4 weeks to complete that re-fi. I have underestimated the time mortgage companies complete their work so it may be a bit longer. In the meantime, I need a short term loan to pay personal bills as I try to keep my company afloat as well. I am working with my doctors to reduce my stress level so that I can continue to fund our company, that is in the second major funding level.
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