p2p lending at lending club
Furnace and AC for rental property
Homeownership Verified

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Listing Information
Amount: $3,300.00 Status: Loan created
Grade: A DTI: 25%
Lender Rate: 11% Borrower: Deuce68
Time Left: Finished State: IN
Funded: 100% Group: UtopiaLoans.com - Now Over $1 Million in Closed Loans!!
Loan Information
Loan Status: Paid Origination Date: 2006-08-03 EricsCC ROI: 10%
Status History
Aug 02, 2006 Current
Jan 12, 2007 Payoff in progress
Jan 14, 2007 Paid
This request is to fund the purchase of a new furnace and AC for a rental property.  This property is on an adjustable rate mortgage.  The rate expires in March of 07.  I would expect to refinance the property aand pay this loan off at that time.

We currently have 7 rentals and are looking to expand.  Current free cash flow is $826 per month.  This is not include in my DI calculation.

Thanks for your consideration.
Borrower's Other Listings
88285 Rehab of two rental properties B $23,347 @ 18% Jan 24, 2007 Loan created
403812 Rehab of Rental Property B $12,000 @ 35% Sep 24, 2008 Expired
407668 Rehab of Rental Property B $12,000 @ 35% Oct 02, 2008 Loan created

 

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