A new loan funded (Secure Borrower needs funds to complete rental houses — $25,000 at 12.00%).  I participated via my standing order: Mid DTI — AF.  Which is this loan was funded as a medium debt to income ratio and was an auto-funding loan.  The borrow had AA credit and 25% DTI.  As a reminder my standing orders only find loans with 0 current delinquencies, 10 or less delinquencies in the last 7 years, and 2 or less public records in the last 10.

With this loan I have $3,250 across 52 loans ($62.50 per loan) with an weighted average interest rate of 15.86% and an account value of $3,441.44. Each loan on average is 1.8% of my portfolio.

 

Here is the listing:
For the readers that believe in reading the actual description without modification:

I am an excellent borrower who just read about Prosper in the Wall Street Journal last week and thought I would try it out.  I live in a college town and need to get four of my rental houses repaired before the spring rental season.  I have thirty units right now and just need some quick cash to get a few completed within the next two months. 

Bid on my loan, you won’t be disappointed!

Adam

Here is a graph of all loans on Prosper with AA credit and a DTI of 25% +/-5% and Loan Amount $20,000 +/-$5,000:

Number of Loans	Average Amount Borrowed	Weighted Average	Standard Deviation
19	$18,868.42	13.10%	1.91%

13.10% weighted average, but it is within one standard deviation (11.19% at the bottom). Maybe I need to up my standing order interest rate?

What do you think?

 

Related posts:

• New Loan — debt consolodation [sic] — $25,000 at 15.00% — B Credit — DTI 15% A new loan funded this afternoon (debt consolodation [sic] (Loan #6434) — $25,000 at 15.00%).  I participated via my standing order: Low DTI and Mid DTI...
• 2 New Loans (Part 1/2) — CCSJ Marketing Acquisition & Expansion — $20,000 at 15.65% — C Credit — DTI 14% A new loan funded this afternoon (CCSJ Marketing Acquisition & Expansion   (Loan #6383) — $20,000 at 15.65%).  I participated via my standing order: Low...
• 2 New Loans (Part 2/2) — Debt Consolidation — $20,000 at 18.00% — C Credit — DTI 23% A new loan funded this afternoon (Debt Consolidation (Loan #6419) — $20,000 at 18.00%).  I participated via my standing order: Mid DTI — AF.  Which...
• New Loan Funded #6205 — $50 @ 19.1% A new loan funded this afternoon (Debt Consolidation – Pay off cards to raise credit score  (Loan #6205) — $24,000 at 19.10%).  I participated via my standing order: High...
• New Loan Funded #6141 — $2,950 in 47 loans A new loan funded this afternoon (Engagement Ring (Loan #6141) — $23,000 at 27%).  I participated via my standing order: Any DTI — AF.  Which is this...

If you liked this article, vote for it on del.icio.us and stumbleupon.


Categories:

Loan Review, Prosper.com

Tags:

azerbaijan, mozambique