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.

What do you think?

 

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Loan Review, Prosper.com