Renovate Office for Rental Purposes

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Listing Information
Amount: $16,750.00 Status: Loan created
Grade: C DTI: 11%
Lender Rate: 15% Borrower: Genesis
Time Left: Finished State: NC
Funded: 100% Group: Little Venture Capitalists
Loan Information
Loan Status: Paid Origination Date: 2006-04-03 EricsCC ROI: 15%
Status History
Jul 12, 2006 Current
Apr 03, 2009 Payoff in progress
Apr 08, 2009 Paid
The proceeds from this loan will be used to retire the last $2000 of credit card debt that I used when I started my business.  The remaining amount will be used to renovate an office that I own (no mortgages) to prepare it to rent.  The property and office are valued at $74,500.00.  It has ample parking and is in a main business district.  We need to replace the heating and air conditioning system, including ductwork,  and do general maintenace (repair and painting).  The property will generate $500-$600 in monthly income.
Borrower's Other Listings
986 Cleaning up Loose ends C $25,000 @ 12% Mar 01, 2006 Withdrawn
1379 Renovate Commercial Property for Rental Purposes C $25,000 @ 14% Mar 07, 2006 Withdrawn
236726 10% DTI - Capital for Business established in 1984 D $15,950 @ 22% Nov 24, 2007 Withdrawn
237083 10% DTI - NO DQ's - Capital for existing business D $15,950 @ 24% Nov 25, 2007 Withdrawn
243049 Capital for business D $15,950 @ 28% Dec 03, 2007 Withdrawn
288594 Capital for Business D $17,950 @ 28% Mar 05, 2008 Expired
338321 Capital for Business B $18,950 @ 24% Jun 06, 2008 Withdrawn
348612 Low Overhead-Competitive Pricing-Capital for Business B $14,950 @ 35% Jun 11, 2008 Expired
352632 Capital for Immediate Sales - No Inventory B $14,950 @ 35% Jun 18, 2008 Expired
359895 Capital for Immediate Sales - No Inventory B $9,950 @ 32% Jun 30, 2008 Withdrawn
376421 Prosper Lender & Borrower - Capital for Business B $9,950 @ 32% Aug 01, 2008 Withdrawn
404686 Prosper Lender & Borrower - Capital for Business B $14,950 @ 35% Oct 07, 2008 Expired

 

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