Rental property repairs
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 5% |
| Lender Rate: | 8% | Borrower: | Zenith35 |
| Finished | State: | NY | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2010-09-16 | EricsCC ROI: | 4% |
| Status History | |
|---|---|
| Sep 17, 2010 | Current |
|
I am an investment banker who works in New York City and I have been at the same firm for 7+ years. I am also currently a Lender. I have substantial assets but with the recent stock market downturn I don't want to liquidate my current holdings. I would like to use these borrowed funds to do some minor repairs on the five investment properties I own. My financial position is as follows: Monthly Income: approx. $13,000 (this is my average 2010 monthly income, it's somewhat lumpy since I get approximately 1/3 of my income as a bonus in February) Monthly Expenses: $5,000 Total Assets: Approx. $346,000 Total Debt: Approx. $29,000 (I only have a student loan and basic revolving credit card debt) I incurred the student loan when I went back to school 10 years ago to get my MBA, the best investment I ever made in myself. I have started a real estate investment firm with two other partners. We currently own rental properties in NC and NJ. I am personally guaranteeing these mortgages along with my other partners. I have equity of approximately $114,000 in this firm which I included in my assets above. If anyone has any questions, please feel free to ask. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 60503 | Potential Lender who wants to experience being a Borrower | A | $1,000 @ 8% | Nov 12, 2006 | Loan created |
| 262706 | Investment Banker to Expand Prosper Lending | A | $10,000 @ 14% | Jan 10, 2008 | Withdrawn |
| 266330 | Investment Banker to Expand Prosper Lending | A | $2,500 @ 10% | Jan 16, 2008 | Loan created |
| 384304 | Investment Property Repairs | A | $2,500 @ 10% | Aug 30, 2008 | Loan created |
| 435749 | Investment Property Repairs | AA | $10,000 @ 12% | Nov 30, 2009 | Withdrawn |
| 500091 | Funds for Home Improvements | A | $14,000 @ 8% | Mar 31, 2011 | Withdrawn |
| 504370 | Funds for Home Improvements | A | $12,500 @ 8% | Apr 28, 2011 | Withdrawn |
| 582572 | New Home Improvements | A | $14,500 @ 10% | Apr 25, 2012 | Withdrawn |
| 582871 | New Home Improvements | A | $17,000 @ 10% | Apr 26, 2012 | Withdrawn |
| 586573 | New Home Improvements | A | $10,000 @ 10% | May 07, 2012 | Loan created |
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