Mortgage lead for Land loan in Lakeview, OR, 97630

Loan Request for Land loan in Lakeview, OR, 97630

Request #3708473 by Lender

Date Posted

11/24/2024 7:16:57 PM

Property at

Lakeview, OR, 97630, USA Show Map

Borrower at

Property Type

Land

Property Value

$340,000

Loan Request

$180,000

LTV

52.94 %

Credit Rating

650-659

Loan Purpose

Property Purchase

Purpose

the loan request use of funds: The funds will be used to pay for the property that is 24 +/- acres and already divided into lots and city blocks. 32 of the lots are already in the city limits and approximately 150 more lots are in the UGB and ready to be annexed in the city. The first 16 double lots along Roberta Rd. will be developed with manufactured homes that will have the amenity of horse facilities that are already existing with the barn and paddocks. The ground is conveniently located within walking distance to town and local schools. This will be the first gated community in the area which is known for it's hunting, fishing and year round recreation including a local ski area and golf courses. Lakeview is 1/2 way between Reno, NV and Bend, OR. Two neighbors have already expressed an interest in this project.

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Loan Request for Land loan in Lakeview, OR, 97630