India Real Estate
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|Funded:||100%||Group:||BORROWERS - LARGEST GROUP|
|Loan Status:||Paid||Origination Date:||2011-10-18||EricsCC ROI:||7%|
|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|120877||Home Construction||A||$10,000 @ 8%||Apr 09, 2007||Withdrawn|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|