A new loan funded (home renovations — $25,000 at 19.5%).  I participated via a a manual bid the loan was NonAutofunding.  The borrower had B credit and 46% DTI.  As a reminder my standing orders (and manual bids) 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 $4,397.15 in principal across 67 loans ($65.63 per loan) with an weighted average interest rate of 17.33% and an account value of $4,773.25. Each loan on average is 1.4% of my portfolio with a maximum in any one loan being 4.1%.

Here is the listing:

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

I have a need for additional funds on a realestate venture. This loan will able me to complete a project that will allow me to The realestate venture will allow me a fast return when complete. I plan to repay this loan prior to 3 years. I would like to say I appreciate the opportunity you guys are providing. 

Here is a graph of all loans on Prosper with B credit and a DTI of < 46% and Loan Amount $20,000 +/-$5,000 funded in the last 100 days:

Number of Loans	Average Amount Borrowed	Weighted Average	Standard Deviation
69	$19,997.78	15.69%	3.44%

The weighted average plus 1 sigma is 19.12%. The weighted average plus 2 sigma is 22.56%. This loan is between 1 and 2 sigmas higher than the mean. 

Oh yeah.  And they are a homeowner.

What do you think?

 

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Loan Review, Prosper.com

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