A new loan funded (Purchasing commercial real estate — $10,000 at 18.00%). I participated via my new standing order: Low Amt — Mid DTI — AF. Which is this loan was funded as a low amount requested (<$15,000), Mid debt to income ratio (<25%) and was an auto-funding loan. The borrow had C credit and 23% 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 $3,550 in principle across 58 loans ($61.21 per loan) with an weighted average interest rate of 16.35% and an account value of $3,852.31. Each loan on average is 1.6% of my portfolio with a maximum in any one loan being 3.9%.
Here is the listing:
For the readers that believe in reading the actual description without modification:
We are a profitable mobile application service provider that has been in business since 2003 and are in need of a fast, short term, cash infusion for the purchase of commercial real estate.
Here is a graph of all loans on Prosper with C credit and a DTI of 23% +/-5% and Loan Amount $10,000 +/-$5,000 funded in the last 100 days:
| Number of Loans | Average Amount Borrowed | Weighted Average | Standard Deviation |
|---|---|---|---|
| 58 | $9,068.95 | 17.12% | 2.85% |
Within one standard deviation of the weighted average, but still 0.88% higher than the weighted average. This is a great loan rate. I love standing orders.
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Categories:
Loan Review, Prosper.com
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