For reinvestment into loan portfolio here on Prosper.com
| Listing Information |
| Amount: | $5,000.00 |
Status: | Loan created |
| Grade: | AA |
DTI: | 4% |
| Lender Rate: | 8% |
Borrower: |
TheHelpingHand
|
| Time Left: | Finished |
State: | WA |
| Funded: | 100% |
Group: |
WealthBuilders
|
| Loan Information |
| Loan Status:
| Paid |
Origination Date:
| 2006-06-19 |
EricsCC ROI:
| 8% |
| Status History |
| Jul 12, 2006 |
Current |
| Aug 07, 2007 |
Payoff in progress |
| Aug 11, 2007 |
Paid |
|
I am a Registered Representative at a Financial Planning firm in Bellevue, WA. I work as the Director of Investments and Account Management. The purpose of this loan is to reinvest in a portfolio of loans here on prosper.com. I will be investing a these funds along with a portion of my funds into a diversified portfolio consisting of lower credit quality loans to take advantage of the credit spread. I have very good credit with my score usually falling in the 775-800 range. I have plenty of cash flow, current liquidity and make 80K+/yr with car fully paid off and little debt. even if I were to make no return from the reinvestment of these funds I would have plenty of funds to make the payments on this loan. I will use my experience in risk management & portfolio design to build a quality loan portfolio with a return above the rate on this loan net after defaults. I will provide you, the investors, with a safe place to gain a quality return. My credit is extremely important to me for future investment in real estate (currently I am staying out of the real estate market because it is nearly impossible to be cash flow positive buying properties at these currently high levels). You can be assured that I will never have a late payment should you decide to fund this loan. Don't hesitate to contact me should you have any questions and thank you for your time! |
| Borrower's Other Listings |
| 17703 |
Reinvestment in loan portfolio here on Prosper.com |
AA |
$4,000 @ 9% |
Jun 04, 2006 |
Withdrawn |
|
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