Reinvesting in Prosper
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Withdrawn |
| Grade: | AA | DTI: | 5% |
| Lender Rate: | 10% | Borrower: | High_Sierra_Lending |
| Finished | State: | NV | |
| Funded: | 8% | Group: | U.C. Berkeley Alumni |
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Purpose of loan: I intend to use the funds from this loan to make new loans to borrowers on Prosper. My Prosper lending portfolio currently yields nearly 23%, and I intend to leverage my good credit to borrow money at a relatively low rate, and then lend it out at a relatively high rate. While I could use my own money for this, I prefer to borrow and lend using funds generated completely within Prosper. My financial situation: I am a good candidate for this loan because I have over $1 million in liquid assets and income of over $15,000 per month. I will have no difficulty repaying this loan, whether from monthly income or from invested assets. Note: if you visit my Prosper member profile at http://www.prosper.com/groups/member_home.aspx?screen_name=Big_Daddy, you can see my brokerage statement showing liquid assets of $1,060,000 (click the document image under my photo). |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 355314 | Reinvesting in Prosper | AA | $10,000 @ 9% | Jun 22, 2008 | Loan created |
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