Capital to Expand my Business!!!!!!
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 12% |
| Lender Rate: | 14% | Borrower: | RigoSD |
| Finished | State: | CA | |
| Funded: | 100% | Group: | Leal Real Estate |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 1 month late | Origination Date: | 2007-06-12 | EricsCC ROI: | -22% |
| Status History | |
|---|---|
| Jun 12, 2007 | Current |
| Oct 28, 2008 | Late |
| Nov 13, 2008 | 1 month late |
|
Purpose of loan: I am in the Real Estate and Mortgage Broker. I am currently expanding my business to New Mexico and would use the money for the office set-up costs. My financial situation: I have been in the same business for 6 years and we are one of the top Real Estate brokers in our area. We are in the process of expanding to a New Mexico due to the cash-flow opportunities in that market. I currently own 13 properties in Southern California and Albuquerque, NM. My Debt-Ratio reflects the positive cash-flow position I am in. Monthly net income: $ 31700 Monthly expenses: $ Housing: $ 3200 Insurance: $ 250 Car expenses: $ 1100 Utilities: $ 400 Phone, cable, internet: $ 300 Food, entertainment: $ 1500 Clothing, household expenses $ 500 Credit cards and other loans: $ 5000 Other expenses: $ 1000 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 5066 | Real Estate Investments | AA | $20,000 @ 10% | Apr 05, 2006 | Expired |
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