Listing Profile Bid History Loan History
lendingclub ad

Listing Title


Loan Information
Loan Status: Current Origination Date: 2008-09-09 Payments Made: 3 of 36 Total Payments: $2595.85 / $24000.00

Listing Summary

  

Borrower Info
Requested Amount: $24000.00
Lender Rate: 18.00%
Automatic Funding: No
Percent Funded: 100%
Monthly Payment: $867.66
 
Borrower: RNinNY
Location: NY
Group: (NoGroup)
Group Fee: 0.00%

Credit Profile
Credit Grade: A Homeowner: Yes Account Verified: Yes Debt To Income: 27%

Extended Credit Data
Extended Credit Data is viewable by registered users only. Please login or register now.

Listing Description
Purpose of loan:
This loan will be use to for a down payment in a 4 unit rental property in the East Ave Area of the City of Rochester, NY. Purchase price is $130,000 with a 10% down payment (Propser Funds)  The reminder will go towards another rental property to remodel the kitchen and bath.  The units should rent for $550 to $650 / Income $2,200 (low end) Mortagage and Taxes $1,300 and Propser Payment $750 to $850 total expense $2,150 This project should pay for itself without an affect on my personal bills.    
My financial situation:
I am currently am an  RN - Administration Manager and have been in the nursing field since I was 16 years and love what I do.  I can make up to $125,000 a year working contracts and overtime, however between my husband (who has a civil service job of 16 years) and I, I only need to work at about $60,000 to $75,000.  Between the two of us we are well off we own our home out right and have another that we rent. (this is the one I want to remodel)  I always pay my bills my husbands line of work requires that we are responsible in theses matters.  I net $4,800 to $5,200 a month alone.  
Bills
Mortgage $850 plus taxes $450 total  $1300 - Currently rented for $1350.00
Current house I live in no mortgage
Credit Card $150  - pay extra
Credit Card $200 - pay extra
Food -        $300
Personal Loan $211
Car Payments (2) $800 (both are in my name my husaband pays $400 for one)
Gas/Electric $150
Living Expenses - Clothing, Gas, extras for my children $300
Total Expenses $2,161         Income $4,800 (low end) - Expenses $2,161  = $2,639