Great Lakes Private Lending for Louisiana investors
Great Lakes Private Lending is a smaller regional private money operator with Chicago and Wisconsin coverage.
Louisiana context
Louisiana low property tax. New Orleans STR heavily regulated. Hurricane and flood insurance major cost.
How Great Lakes Private Lending positions in Louisiana
Within Louisiana, Great Lakes Private Lending competes alongside other DSCR lenders. Great Lakes Private Lending strengths: regional Midwest focus, investor-friendly underwriting. The high aggregate DSCR economics of Louisiana create demand for Great Lakes Private Lending programs in New Orleans and Baton Rouge particularly.
City-level coverage in Louisiana
Great Lakes Private Lending provides DSCR coverage across Louisiana metros including New Orleans, Baton Rouge, and Shreveport. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Great Lakes Private Lending program terms apply uniformly across Louisiana metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | Private money |
|---|---|
| Products | fix-and-flip, bridge, rental, private notes |
| Loan size | $50K - $2.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 70% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 5-10 days typical |
| Louisiana property tax | 0.6% |
| Louisiana state income tax | 4.25% |
Great Lakes Private Lending strengths in Louisiana
- regional Midwest focus
- investor-friendly underwriting
Ideal borrower: Chicago or Wisconsin investor
FAQ
Likely; verify direct Louisiana coverage. Great Lakes Private Lending is based in Chicago, IL and operates in Chicago and Wisconsin.
New Orleans is the top investor market in Louisiana and is generally within Great Lakes Private Lending Chicago and Wisconsin footprint. New Orleans property tax follows the Louisiana state rate of 0.6 percent. Great Lakes Private Lending typically underwrites New Orleans acquisitions at standard rate sheets.
Yes. Baton Rouge ranks among the larger Louisiana investor metros and sees consistent DSCR loan volume from Great Lakes Private Lending. Submarket variation within Baton Rouge matters for property selection.
Great Lakes Private Lending applies the same rate sheet across Louisiana metros. Pricing variation comes from property-specific factors rather than metro location within the same state. New Orleans, Baton Rouge, and Shreveport all qualify for the same Great Lakes Private Lending program.
Great Lakes Private Lending indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
Louisiana low property tax. New Orleans STR heavily regulated. Hurricane and flood insurance major cost. Great Lakes Private Lending follows standard business-purpose loan structures.
Great Lakes Private Lending funds fix-and-flip, bridge, rental, private notes in Louisiana.
Louisiana allows standard DSCR prepay structures; Great Lakes Private Lending typically uses 3-5 year step down.
Great Lakes Private Lending typical close: 5-10 days typical.
Bottom line
Louisiana investors considering Great Lakes Private Lending should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with Great Lakes Private Lending.