Loaded, or otherwise, in a place of great wealth (2,6)
I believe the answer is:
el dorado
'a place of great wealth' is the definition.
(I've seen this before)
'loaded or otherwise' is the wordplay.
'otherwise' indicates an anagram.
'loaded'+'or'='loadedor'
'loadedor' with letters rearranged gives 'EL DORADO'.
'in' acts as a link.
(Other definitions for el dorado that I've seen before include "Imaginary land of riches" , "Famed place of wealth" , "Land of great wealth" , "Place of fabulous opportunity" , "Place of great wealth, from fictitious city on the Amazon" .)