LOANS FOR DOWNTOWN LOS ANGELES INDUSTRIAL AND COMMERCIAL
It is perhaps the #1 issue, biggest challenge and #1 point of failure for loft transactions in Downtown. Most home loan companies can not lend on a commercial or industrial loft conversion.
More than half of the properties in Downtown Los Angeles are industrial and commercial loft conversions. Once warehouses, manufacturing, distribution and office spaces, these buildings have been converted to live-work loft the under Los Angeles Adaptive Reuse Ordinance.
Loft buyer and sellers can maximize their success by focusing on lenders who are the most likely to succeed in lending in a loft building. The #1 Downtown loft specialist real estate team offers a list of Downtown loft lenders. To request a list of lenders who are successful in lending on Downtown buildings, simply fill in the online form:
Your Home Sold GUARANTEED or I’ll Buy It*
Corey Chambers, REALTOR®