Loan Request for Land loan in New Orleans, LA, 70114

Request #3704032 by Lender

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Date Posted

9/12/2024 3:09:38 PM

Property at

New Orleans, LA, 70114, USA Show Map

Borrower at

Property Type

Land

Property Value

$600,000

Loan Request

$300,000

LTV

50 %

Credit Rating

620-629

Net Worth

$500,000 - $1,000,000

Loan Purpose

Property Purchase

Purpose

Purchase of four vacant land parcels adjacent to and included in sale of historic manor slated for renovation. Purchase of historic property contingent on acquiring all vacant land parcels. Lender will not finance vacant land unless new construction proposed and financed simultaneously.

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NMLS 1795154

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Loan Request for Land loan in New Orleans, LA, 70114