Commercial Real Estate Project
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 9% |
| Lender Rate: | 9% | Borrower: | lesyeux |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-11-23 | EricsCC ROI: | 9% |
| Status History | |
|---|---|
| Nov 23, 2007 | Current |
| Sep 24, 2008 | Payoff in progress |
| Sep 30, 2008 | Paid |
|
Purpose of loan: I have a rare opportunity to be a partial partner in an upcoming hotel / commercial development real estate project. Have immediate access to most of the funds required for this investment and hope to collect the additional funds with your help. My financial situation: I have had a steady income for several years from employment and sources of supplemental income from various investments along the way. Existing investments are expected to yield between $25-50K by Spring of 2008, but I have an opportunity that requires immediate access to startup capital a few months earlier. With an MBA and a strong employment track record, I am dependable and can be relied on for regular, on-time payments. Monthly net income: $ approximately $8K Monthly expenses: $ approximately $4K Housing: $ 2000 Insurance: $ 200 Car expenses: $ 200 Utilities: $ 100 Phone, cable, internet: $ 150 Food, entertainment: $ 400 Clothing, household expenses $ 150 Credit cards and other loans: $ 300 Other expenses: $ 500 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 225992 | Commercial Real Estate Project | AA | $25,000 @ 9% | Nov 05, 2007 | Expired |
| 229797 | Commercial Real Estate Project | AA | $15,000 @ 11% | Nov 10, 2007 | Withdrawn |
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