Month: December 2017

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Unwarrantable Condo Loans, Lenders and Financing of Downtown Los Angeles Live/Work Lofts

LOFT LOANS:  UNWARRANTBLE CONDOS

Unwarrantable Downtown Loft Condos
Unwarrantable Condo Loans and Lenders

Some Downtown L.A. loft condo buildings such as SB Grand lofts and a few others have issues that can make it difficult to finance units in the building. The reasons often involve high renter ratio, mixed-use, industrial or commercial buildings and incomplete or minimal HOA financial documents.  Can buyers get a mortgage in these buildings?  #unwarrantable #condos #dtla

Yes, it can be done. When a condo project is deemed non-warrantable, the choices that exist will usually come at slightly higher mortgage rates and fees than a conforming or “warrantable” loan.  The lender generally needs to have appropriate portfolio investor connections or investors “in house” that make exceptions for non-warrantable condos. The DTLA agents and brokers who specialize in these most challenging of lofts only know of 2 or 3 lenders who can make it happen.

Get a free list of loft lenders. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

Lofts For Sale     Lofts For Rent Lease Downtown Los Angeles DTLA    

SEARCH LOFTS FOR SALE:  Affordable  |  Popular  |   Luxury
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

Unwarrantable condo financing loans
Financing of Downtown Los Angeles Live/Work Lofts

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

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LOFTS FOR SALE LISTINGS BY SIZE – STUDIO, SMALL, MEDIUM, LARGE, EXTRA LARGE, HUGE

LOFTS FOR SALE IN DOWNTOWN LOS ANGELES

Lofts by Size and Bedrooms
Lofts by Size and Bedrooms

property listings by size Up to 600 sqft  |  1,000  |  1,500  |  3,000  |  Over 3,000 sq ft

property listings by price:  #lofts #size #bedrooms #dtla

ASCENDING ORDER (low to high)  |  DESCENDING (high to low)

Fill out the online form:


For more information:

 DOWNTOWN LOFT & CONDO:  FOR SALE  |  RENTALS    |  SUBSCRIBE   |  VIDEO

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

Lofts For Sale     Lofts For Rent Lease Downtown Los Angeles DTLA    

SEARCH LOFTS FOR SALE:  Affordable  |  Popular  |   Luxury
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

Lofts in Downtown Los Angeles are usually open spaces without bedroom walls or bedroom doors.  Only a few lofts have bedrooms with doors.  When a listing says 1 bedroom or 2 bedrooms, there are usually no traditional bedrooms in the loft. The loft will usually be all open, but will sometimes have some kind of bed area separation.  A few lofts also have several levels such as a 2-story loft or mezzanine bed area upstairs. These 2-level lofts are popular and can be hard to find.

For Downtown L.A., an average size loft is about 800 square feet.  Lofts generally start at around 450 square feet for a studio size loft, and top at around 2,500 sq ft for a huge loft.

The lowest priced lofts usually include no parking space, with nearby parking space rents varying from around $100 to $300 per car.

With the above links, lofts can also be found according to the price range and whether the building is pet friendly or not.

For additional free assistance with Downtown Los Angeles lofts and condos, call Corey (213) 880-9910.

signat-corey-dtla-rsi.jpg

Your Home Sold GUARANTEED or I’ll Buy It*

Corey Chambers, REALTOR®
(213) 880-9910
coreychambers@yahoo.com
http://www.laloftblog.com/

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449  Not associated with the homeowner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

*seller and Corey must agree on price and time of possession – details and conditions visit coreychambers.com