need help with a project
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|Loan Status:||Paid||Origination Date:||2007-06-25||EricsCC ROI:||16%|
|Jun 23, 2007||Current|
|Jul 11, 2010||Payoff in progress|
|Jul 15, 2010||Paid|
Introduction : I am Real Estate Investor , I buy properties and my strategy is to buy and hold them or buy and fix them and make them rent ready and sell them to investors a little below fair market value. I have been in the Real Estate business for over 20 years.
Purpose of loan : I currently have a house that needs to be done over and make it rent ready and then sold to an investor. Right now I have other projects that have tied up my money . So I am asking the prosper Community for a little help ! I have borrowed money from here before and paid it off in a couple months . I will more than likely do that again. This is one of the main reasons that I have joined prosper is to lend and borrow money! I wanted a resource of money like prosper to use the money for exactly what I am asking for !!
Risk to the lenders : you can see my credit score ? B was AA two months ago But , it varies because of my activities in the real estate investing business. I suppose I could go to a hard money lender , But I wanted to go through the prosper community to fund and finish my project.
|Borrower's Other Listings|
|59648||BUY PROPERTY||B||$3,500 @ 9%||Nov 09, 2006||Withdrawn|
|60349||purchase property wholesale||B||$3,600 @ 14%||Nov 11, 2006||Loan created|
|114564||build business credit||AA||$10,100 @ 9%||Mar 22, 2007||Expired|
|335289||expand real estate business||B||$5,000 @ 20%||Aug 18, 2009||Withdrawn|