Summary
EDIT: 8/25/2007
The site is now live.
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I have spent two years in a small commercial bank catering to local customers. Most of our clients are involved in real estate ranging from straight rental properties, rehabilitation projects, and ground up construction. The problem with banks is that they dwell on why a project will not work instead of why it will.
My idea is to come up with a marketplace where customers can submit their proposals, budget for the project, income statements / balance sheets, tax returns and personal financial statements of the borrower, and other pertinent information; then put the project out to bid. My thought is that a risk rating can be developed from this data.
The bidders on the projects can be individuals or financial institutions and would work similar to Prosper. Revenue can be generated by advertising as well as charging a fee to the financial institutions for using the service.
Dashboard
August 29
Dweezel has created a new job (Web Evangelist) for the business (Investment Real Estate - Think Commercial Banking meets Prosper) 4:04 PM
August 25
Dweezel has modified the tags (bootstrap market organic sustainable growth) for the business (Investment Real Estate - Think Commercial Banking meets Prosper) 9:10 PM
Dweezel has modified the tags (bootstrapmarket organic sustainable growth) for the business (Investment Real Estate - Think Commercial Banking meets Prosper) 9:09 PM
Business Champion
- Dweezel
- Location: Philadelphia, PA, US
- Last Login: 3 years, 12 months ago
The Brains behind the Idea
- Dweezel
- Location: Philadelphia, PA, US
- Last Login: 3 years, 12 months ago
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