DMAC Capital funding secured $1.5 million
DMAC CAPITAL FUNDING secured financing for East Over Land developer to begin home building in the once well know East Over subdivision. DMAC Capital Funding secured $1.5 million the developer to redevelop 70 lot section of the East Over know as Bullard Ave section.
This 70 acre lot was previously plotted for development prior to Hurricane Katrina. Since then the well know Plan unit has gone through renovations and rehabilitation of the current 300 home sites. Almost all have been rehabbed. The developer says “its time to finish what was started”.
EASTOVER, A unique pituresque gated community located approximately 12 miles from the french quarter and New Orleans Central Business District, Mercedes Benz Superdome and the Earnest N. Morial Convention Center. Within 25 miles of the Louis Armstrong International Airport and approximately 6 miles form the New Orleans Lakefront Airport.
Exhibiting custom homes with unique architectural details ranging from Acadian, Colonial, French Chateau, Southern, Victorian and Mediterranean style, This planned Unit Development is populated with approximately 300 home sites. Waterfront estates and scenic home sites are still available, as well as breathtaking views of nature-scape and scenic surroundings. Tranquility embraces residents within the gates of Eastover, The premium residential community in Eastern New Orleans.
DMAC Capital Funding is currently obtaining financing for the Eastover golf course. This 265 acre course which was once play by the masters is in need of renovation and a new club house. DMAC plans to secure funding within the next 30 days.
This is the beginning phase of a $35 million dollar development project