Mortgage lead for Residential loan in Waite Park, MN, 56387

Loan Request for Residential loan in Waite Park, MN, 56387

Request #3752505 by Lender

Date Posted

8/18/2025 1:24:40 PM

Property at

Waite Park, MN, 56387, USA Show Map

Borrower at

Bloomington, MN, 55425, USA Show Map

Property Type

Residential

Property Value

$190,000

Loan Request

$140,000

LTV

73.68 %

Credit Rating

680-699

Net Worth

$40,000 - $70,000

Loan Purpose

Purchase and Construction

Purpose

Title: Loan Purpose

I am requesting a loan of $190,000 for the purpose of purchasing and constructing a residential business property located at 65 Galloway Lane, Waite Park, MN. This investment will significantly enhance my business and personal financial opportunities.

The loan will facilitate not only the acquisition of the property but also essential construction work that will elevate the property’s value and functionality. This strategic investment will drive future rental income and bolster my overall asset portfolio, aligning with my financial expansion objectives.

For the lender, this loan represents a low-risk opportunity due to my stable credit score of 660-679 and my net worth of $40,000-$70,000, providing a solid repayment guarantee. Additionally, the property's current good condition further mitigates risks.

I am optimistic that this loan will lead to mutual success and greatly appreciate your consideration.

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Loan Request for Residential loan in Waite Park, MN, 56387