Fund repairs on an investment property.
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 11% |
| Lender Rate: | 10% | Borrower: | theodorethames |
| Finished | State: | SC | |
| Funded: | 100% | Group: | PsychDoc's Group |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2006-09-15 | EricsCC ROI: | 9% |
| Status History | |
|---|---|
| Sep 13, 2006 | Current |
| Dec 18, 2006 | Payoff in progress |
| Dec 23, 2006 | Paid |
|
<span id="ctrlDescription_ctrlDescription_l"> I am a real estate
investor in South Carolina. This loan will be used to makes repairs on a $150,000.00 home that I own. There is only
one lien on the home and that is the first mortgage. The remaining
balance is a little more than $61,500.00 and the payment is little less
than $800 per month. I will be renting the house for $1,000.00 per
month with an option to buy. The rent on the home will cover the loan
payment and mortgage payment easily. I could get the funding from my bank, but I prefer to help make individuals rich rather than institutions. Thank you for considering me, Ted |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 28567 | Fixing the heating and air on a House | AA | $3,000 @ 11% | Aug 02, 2006 | Withdrawn |
| 142774 | Rehab Investment Property | B | $8,000 @ 10% | May 25, 2007 | Expired |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|