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Title: Seeking loan 75K, payback 93K by year's end. Post by: kingcrimson on April 18, 2015, 02:17:18 AM Edit: will wait and re-post when its a bit closer
Title: Re: Seeking loan 75K, payback 93K by year's end. Post by: Quickseller on April 18, 2015, 02:20:36 AM Collateral? If you don't have any then don't even bother responding and just lock this thread.
Title: Re: Seeking loan 75K, payback 93K by year's end. Post by: Light on April 18, 2015, 02:26:32 AM Yeah for a loan this size - unless you know a couple of members IRL personally you might want to look to your bank (it'll probably cost you less in terms of interest than what you're offering here). It'll also be hard to find collateral of that value - you might need to engage a lawyer to draft if you find someone.
Title: Re: Seeking loan 75K, payback 93K by year's end. Post by: coinmaster222 on April 18, 2015, 02:39:21 AM If you have property valued at 125%of loan value,would need an independent survey private or commercial and full title deeds I would be interested
Title: Re: Seeking loan 75K, payback 93K by year's end. Post by: dznuts85 on April 18, 2015, 02:46:52 AM Collateral? If you don't have any then don't even bother responding and just lock this thread. It is from tax credits, it has been audited and submitted to govt but there is a wait of several months until they are granted. The tax credits at market value are worth 93K. I have spoken to private buyers but their offers are too low because there is not much competition for this market. this is quite a big amount. even if you have collateral i dont think if anyone can give this loan to you. btw, goodluck! Title: Re: Seeking loan 75K, payback 93K by year's end. Post by: Quickseller on April 18, 2015, 03:00:51 AM Collateral? If you don't have any then don't even bother responding and just lock this thread. It is from tax credits, it has been audited and submitted to govt but there is a wait of several months until they are granted. The tax credits at market value are worth 93K. I have spoken to private buyers but their offers are too low because there is not much competition for this market. As a general rule, most lenders will want at least 120% worth of collateral of the repayment amount if the collateral can easily and quickly be sold. However based on your description, neither of these will apply so lenders would likely want a higher ratio of collateral to repayment amount. I would encourage any potential lender to do their due diligence prior to funding the loan and ensuring that the collateral is properly secured. Title: Re: Seeking loan 75K, payback 93K by year's end. Post by: WhatTheGox on April 18, 2015, 08:59:13 AM Dam thats a big chunck of a loan ;D, didnt think that was possible to get here. Be great if the bitcoin community came up with a system to run loans this large so people of "alternative" incomes could get a loan on a house etc. Banks mostly only loan to people with "normal jobs". |