Funding Project
| Listing Information | |||
|---|---|---|---|
| Amount: | $24,900.00 | Status: | Loan created |
| Grade: | A | DTI: | 13% |
| Lender Rate: | 17% | Borrower: | BlackstoneCapital |
| Finished | State: | AZ | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Late | Origination Date: | 2008-02-07 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Feb 07, 2008 | Current |
| Nov 22, 2008 | Late |
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Purpose of loan: To fund the completion of two small but lucrative subdivision projects. I have almost completed all of the necessary construction/permiting/surveys/refinancing to own 2 buildable lots on the California coast. I need this loan to help finance the last piece of the project. I paid off the last loan and am now relisting as there was an unexpected charge of $29,000 attached to this project in the 12th hour. The county requires that I pay an "in lieu park" fee, which was not disclosed on the onset of this venture. I intend to hold this loan for the entire 3 year duration. My financial situation: A rating w/no consumer debt. I always pay my bills and this will be no different. Very high, verifiable income with small debt-to-income ratio. Monthly net income: $15000-17000 Monthly expenses: $ Housing: $ 5000 Insurance: $ 900 Car expenses: $ 200 Utilities: $600 Phone, cable, internet: $100 Food, entertainment: $ 800 Clothing, household expenses $200 Credit cards and other loans: $ 0 Other expenses: $ 300 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 187169 | Funding Expansion | A | $25,000 @ 13% | Aug 14, 2007 | Loan created |
| 266851 | Funding Project | A | $24,500 @ 19% | Jan 17, 2008 | Expired |
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Discussion For This Listing
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