India Real Estate
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 12% |
| Lender Rate: | 8% | Borrower: | FinPro |
| Finished | State: | CT | |
| Funded: | 100% | Group: | BORROWERS - LARGEST GROUP |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2011-10-18 | EricsCC ROI: | 7% |
| Status History | |
|---|---|
| Oct 18, 2011 | Current |
| May 05, 2012 | Payoff in progress |
| Jun 07, 2012 | Paid |
|
Purpose of loan: This loan will be used to invest in the booming Indian Real Estate Market. I used the first loan from prosper three years back to invest in a property investment in India and it has already produced spectacular results. I have identified an investment property which I plan to buy and hold for three years after which I plan to sell the property. There are no capital gains to be paid in India if one sells the investment after three years. My financial situation: I am a good candidate for this loan because I have excellent credit history. I can easily payoff the principal amount since I don't have any debt and my current income and savings are more than enough to service the debt without any return expectation from the investment. I pre-paid my last loan. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 120877 | Home Construction | A | $10,000 @ 8% | Apr 09, 2007 | Withdrawn |
| 121130 | Home Construction for Parents | A | $15,000 @ 10% | Apr 09, 2007 | Loan created |
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