Home repair for rental property with 5 year loyal tenant
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Listing Information
Amount: $25,000.00 Status: Loan created
Grade: AA DTI: 11%
Lender Rate: 15% Borrower: softparade
Time Left: Finished State: CA
Funded: 100% Group: Computer Professionals, Engineers and Business Startups
Loan Information
Loan Status: Current Origination Date: 2008-09-23 EricsCC ROI: 14%
Status History
Sep 22, 2008 Current
Thank you to everyone who bid on my last loan.  I had to relist because of a paperwork issue.

Purpose of loan:
This loan will be used to make needed repairs on a rental property.  This property is one of three owned.  I have had a loyal tenant in the property for 5 years.  Never a late payment. Never a complaint.  The property needs 2 major repairs.  One is to the heating/air conditioning system, I have relatives in the industry, so I only need to pay for parts.  The other repair is to the foundation.

My financial situation:

I am a good candidate for this loan because I have been in the computer software industry for 14 years.  I have a great job with a great income.  I own 3 properties, one is my primary residence.  I have money in 401K's, etc.  I have been property rich and cash poor at times, but I have always paid my bills. 
Borrower's Other Listings
383536 Home repair for rental property with 5 year loyal tenant AA $25,000 @ 14% Aug 15, 2008 Cancelled

 

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