Rental property repairs
Click Here to view this listing on Prosper
|Loan Status:||Current||Origination Date:||2010-09-16||EricsCC ROI:||4%|
|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|262706||Investment Banker to Expand Prosper Lending||A||$10,000 @ 14%||Jan 10, 2008||Withdrawn|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|435749||Investment Property Repairs||AA||$10,000 @ 12%||Nov 30, 2009||Withdrawn|
|500091||Funds for Home Improvements||A||$14,000 @ 8%||Mar 31, 2011||Withdrawn|
|504370||Funds for Home Improvements||A||$12,500 @ 8%||Apr 28, 2011||Withdrawn|
|582572||New Home Improvements||A||$14,500 @ 10%||Apr 25, 2012||Withdrawn|
|582871||New Home Improvements||A||$17,000 @ 10%||Apr 26, 2012||Withdrawn|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|