Mortgage Home Loan Companies for L.A. Adaptive Re-Use Ordinance, Mills Act and Loft Conversion Condominium Purchase or Refinance | Blog Video
LA Loft Loans — Financing industrial and commercial loft conversions in the Los Angeles area can be accomplished much easier, with less hassle, and with a much better chance of success when the prospective home buyer or borrower knows where to look. Amazing lofts for sale provide uniquely inspiring live/work spaces. The buildings offer creative abodes for sensational living, productivity, efficiency and happiness.
Buying or refinancing a loft can turn into a catastrophe when attempting to use a lender who is not connected or experienced with the differences presented by commercial or industrial loft conversion condominium properties. In fact, it is the #1 most common disaster that trips up buyers and sellers when trying to transact a loft condo in LA. — A frustrating failure ensues most frequently when the buyer and seller each mistakenly hire an out-of-area agent who has no idea about the uniquely challenging financing issues surrounding live-work loft conversions. After a clumsy process of finding the right loft, and then finally getting into escrow, the buyer receives the unexpected phone call from the lender that goes something like this: “of course we cannot complete the loan as promised… we’re a residential lender and you told us you’re financing a residential property. This is not a residential building, so we can’t do the loan.”
Loft Mortgage
A free report has been prepared called “How to Get the Best Deal on a Loft Loan” that will help buyers and sellers to complete a live-work loft transaction quickly, smoothly and at the lowest cost, and how to find the right lender for the right loft. Also, how to get cash out to pay off bills in a way that is tax deductible. To get your free loft lending report, fill out the online form:
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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.