Borrowing to Re-Invest in Prosper
| Listing Information | |||
|---|---|---|---|
| Amount: | $16,250.00 | Status: | Loan created |
| Grade: | AA | DTI: | 34% |
| Lender Rate: | 12% | Borrower: | Captain--Tony |
| Finished | State: | MA | |
| Funded: | 100% | Group: | AA 5 Star Lenders |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-06-09 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| Jun 10, 2008 | Current |
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I hope things are going well for you. This is my 2nd listing for this loan with a higher percentage - My first loan hit 85%. As you can see, I have excellent credit and own a home. In addition to my personal information, I currently own and operate 2 separate businesses. I have been lending with Prosper for several years. I am interested in borrowing the money to reinvest it back into Prosper at a higher rate. I plan to continue re-investing in Prosper without taking any profits in order to grow my investment portfolio. I have completed this once already, and this will be my 2nd time. As withg every loan I have...Paid on time...every time. I own 2 businesses outside of my Prosper Investment. One business is a family business that I am President and CEO. The other business is a property management company that I started in 2000 and currently holds a real estate investment of approximately $1,500,000. With the real estate market being extremely volatile, I am banking some cash to make more moves. Currently, I have $24,000 lent out through Prosper at an average rate of 16%. Out of the $24,000, approximately $9,000 is owed on 1 prosper loan, and the remaining $15,000 is my personal cash. This loan of $16,450 will bring my Prosper portoilio to nearly $40,000. I have check out Lending Stats which "estimates" my ROI as being 5.88%, which honestly doesn't make sense to me as I have over $950 remaining in my prosper account at the end of each month in principle and interest. Not to mention my tax return shows that Prosper has been one of my better financial investments. Regardless of what Lending Stats "estimates" I have always paid my bills on time as shown by my credit file. Also, with $15,000 of my personal cash, currently 62%, but will be reduced to 37% after this loan...I will have no trouble repaying this loan. Let's not forget the basics...Never Late..No DQ...Nothing filed against my credit...flawless. With AA credit you can rest easy, by investing in me. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 110932 | Borrowing to Re-Invest in Prosper | AA | $7,500 @ 9% | Mar 14, 2007 | Withdrawn |
| 111246 | Borrowing to Re-Invest in Prosper | AA | $7,500 @ 10% | Mar 14, 2007 | Loan created |
| 223228 | Borrowing to Re-Invest in Prosper | AA | $10,000 @ 9% | Oct 30, 2007 | Loan created |
| 330927 | Borrowing to Re-Invest in Prosper | AA | $16,450 @ 10% | May 13, 2008 | Expired |
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