Home Improvement - Lakefront
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|Loan Status:||Paid||Origination Date:||2006-12-26||EricsCC ROI:||13%|
|Dec 24, 2006||Current|
|Dec 25, 2009||Payoff in progress|
|Jan 01, 2010||Paid|
We have purchased, and are renovating, a Prairie Style, 6 year old home on 1 1/2 acres of prime Lake Michigan
waterfront 15 miles north of Downtown Milwaukee, Wisconsin. This is the most desirable suburb in the Milwaukee market.
This is a second listing at a lower amount. I'd like to thank all of you who placed an initial bid, and hope you will consider this request as well.
We purchased the home for approximately $100,000 below appraised value and have already invested $50,000 in renovations.
We desire $14,000 to continue the project.
I am an executive with a major corporation for the past 22 years and am in the very high income category. I have never missed loan account payments, and never intend to. I have a net worth exceeding 7 figures. I have investment assets to cover this loan, but prefer to keep those as they have low cost basis and high return potential. I am 47 years old, married with 2 teenagers and always busy with work, family and golf.
My plan is to pay off this loan in April 2007 when I can sell additional restricted stock I get each year. The short term nature of this loan combined with the attractive interest rate can be a benefit to both of us. I hope you will consider this request.
Thank you in advance.
I look forward to sucessfully having a Prosper loan!
|Borrower's Other Listings|
|71884||Home Improvement - Lakefront||B||$25,000 @ 17%||Dec 07, 2006||Withdrawn|
|235251||Home Improvement - Lakefront||C||$14,000 @ 16%||Nov 20, 2007||Withdrawn|