Pay Off of Existing Line of Credit
| Listing Information |
| Amount: | $10,000.00 |
Status: | Loan created |
| Grade: | AA |
DTI: | 21% |
| Lender Rate: | 8% |
Borrower: |
LuckyLou
|
| Time Left: | Finished |
State: | MA |
| Funded: | 100% |
Group: |
(No Group) |
| Loan Information |
| Loan Status:
| Current |
Origination Date:
| 2007-11-15 |
EricsCC ROI:
| 7% |
| Status History |
| Nov 23, 2007 |
Current |
I am using the loan to for capital improvements of a real estate business (fire alarm installations). The business includes seventeen rental properties now generating a positive net income return of about 15% / year. My credit scores show my ability to manage the debt and I am using the prosper.com service for the second time. I have the ability to rely on a Line of Credit from a local bank at 11.5% and hope to achieve a better rate through Propser. My income provided to Prosper is only from my full time employment as a Professional Engineer. The income from the real estate on my tax return's Schedule E for 2006 is $23,000.
I am a lender and borrower on Prosper. Please let me know if you have any questions. Thank you. |
| Borrower's Other Listings |
| 94260 |
Pay Off of Existing Line of Credit |
AA |
$10,000 @ 8% |
Feb 06, 2007 |
Loan created |
|
Discussion For This Listing
|
|
No Comments Found For This Listing
| Post A Comment
|
| You must be logged in to post comments on listings. Not yet a member? register here |
|
