Fund Real Estate Deal
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 27% |
| Lender Rate: | 9% | Borrower: | SeedSower |
| Finished | State: | NC | |
| Funded: | 100% | Group: | BORROWERS - Free instant Listings - LARGEST GROUP |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-10-23 | EricsCC ROI: | 9% |
| Status History | |
|---|---|
| Oct 23, 2007 | Current |
| Jan 26, 2008 | Payoff in progress |
| Jan 31, 2008 | Paid |
|
Purpose of loan: Fund rehab costs of a house under contract in Gastonia, N.C. I have access to a Capital One fixed-rate loan for this purpose at 10.9%, so I am hitting up Prosper for a better rate. Rather pay you guys than the "What's In Your Wallet" people. My financial situation: I have a full-time job and I'm also a successful real estate investor on the side. My limited time means I only do low-risk, high-payoff deals. The DTI doesn't reflect recent payoff of $10K credit line, or my wife's salary. Monthly income: My regular job: $5,100 Wife's job: $5,000 Rent from 2 investment propeties: $1,425 Investment income: $125 Monthly outgo: Mortgage Payments: $975 Rental Mortgage Payments: $1,100 Rental Upkeep/Taxes: $225 Car Payment: $310 Personal Loan: $525 Credit Cards: $420 Utilities: $110 Phone, cable, internet: $180 Food, entertainment: $500 Clothing, household expenses $50 Charity/church: $850 Savings: $900 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 139069 | Fund Real Estate Deal | A | $5,000 @ 11% | May 17, 2007 | Loan created |
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