p2p lending at lending club
Funds needed secured by real estate with 35% equity

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Listing Information
Amount: $12,000.00 Status: Loan created
Grade: B DTI: 10%
Lender Rate: 14% Borrower: honestguysmile
Time Left: Finished State: NY
Funded: 100% Group: UtopiaLoans.com - Now Over $1 Million in Closed Loans!!
Loan Information
Loan Status: Paid Origination Date: 2006-04-07 EricsCC ROI: 13%
Status History
Jul 12, 2006 Current
Dec 09, 2006 Payoff in progress
Dec 14, 2006 Paid

I am an MBA educated young executive employed by a major global publishing company.  My career is advancing rapidly as well as my financial ambitions and business driven initiatives.  I am a prompt payer of all my bills which I am proud to say are not so many in number, and I only make purchase on credit for investment type initiatives.  All other purchases are made with cash or not made at all.  It is a lesson learned from my mom and her mom growing up.

I am in need of funding for a second payment on an investment real estate property which is located in a good neighborhood and occupied by my dear mom who lives a distance away from me but is close to my heart.

The property has already increased in value by 40% since my initial 35% equity payment that was made several months ago.  That initial payment was made with cash from my personal savings.  I have additional funds in the bank but need to retain those to insure myself (and my lenders) against any potential cash flow needs.

I am a solid guy who is doing the right thing for the woman who is most dear to my heart.

I am an only child and her proud son who is making a safe and secure home for the woman who gave all that she had to put me through school, taught me to be a good and proper guy, and put me first above everything else she did in life.

She is on her own now, lives a distance away but deserves the best that I can do for her.  Pleas help me do this for her.

Borrower's Other Listings
1995 Funds needed secured by real estate with equity B $25,000 @ 9% Mar 14, 2006 Expired

 

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