Month: September 2021

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Disney Concert Hall Welcomes The Grand created by Frank Gehry 100 S Grand Avenue, Los Angeles 90012

The Grand brings jobs and housing to the

The Grand, a new mixed-use development at the core of DTLA’s landmark cultural scene designed byFrank Gehry.

The Grand’s residential tower will rise 39-stories high with 400 luxury residences, of which 20% will be affordable rate residences. A 20-story, 309 room luxury hotel will flank the residential tower and include 12,000 square feet of meeting rooms and facilities, ballrooms, and 27,000 square feet of restaurants, lounges, and outdoor amenities.  Between the two towers will be a large, vibrant public plaza with open terraces that plays host to outdoor music and art, accessible to all visitors. 

The Grand is a significant part, a $1 billion project designed by world-renowned architect Frank Gehry. It will stand directly across the street from Gehry’s Walt Disney Concert Hall. A Conrad Hotel official tells Eyewitness News the new resort will be an essential addition to Los Angeles’ cultural epicenter. This project will be ready to welcome visitors and locals back to downtown as the Covid-19 pandemic ends.

LA Grand will be a twenty-four-hour destination, where people dine, stay, and visit. The Grand is a 1.6 million square foot residential, retail, and hotel development home to more than 430 apartments, 26 retail stores, and a comprehensive collection of places to eat and drink. Fantastically curated retail stores, chef-driven restaurant concepts, of course, the hospitality of the Conrad Hotel. The Grand has the potential to make Grand Avenue the cultural beacon for a city without a center.

The bars, restaurants, and stores are just a portion of what The Grand has to offer, but what is sure to capture anyone’s attention will be views – and they are stunning. It’s all about orienting the visitor to where they are. First, there is the Walt Disney Concert Hall in front of you. Then, to the left is the City Hall building. So anybody arriving at the hotel and coming out to this pool deck is going to know you’re in Downtown L.A.

The Conrad Hotel and apartments are expected to open in early 2022, while retail shops and restaurants will be added later in the year. #newapartments #dtla

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The Grand is possibly the beacon DTLA needs to focus on growing out of the current slump.

Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. 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 are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.

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Planning your Mortgage Payments What Payments Can You Afford? — L.A. Loft Loans

Dreaming of your new loft? Do your groundwork first when planning your mortgage budget.

There are important factors you should be aware of when deciding what your ideal payment should be.

Personal Considerations for Homebuyers 

A lender could tell you that you can afford a considerable estate, but can you? Remember, the lender’s criteria look primarily at your gross pay and other debts. The problem with using gross income is simple: You are factoring in as much as 30% of your paycheck—but what about taxes, FICA deductions, and health insurance premiums? Even if you get a refund on your tax return, that doesn’t help you now—and how much will you get back?

That’s why some financial experts feel it’s more realistic to think in terms of your net income (aka take-home pay) and that you shouldn’t use any more than 25% of your net income on your mortgage payment. Otherwise, while you might be able to pay the mortgage monthly, you could end up “Loft poor.” 

Here are the personal income factors you should consider when you start shopping for your new loft.

1. Income 

Are you relying on two people’s jobs to pay the bills? Is your current position stable? Can you easily find another position that pays the same, or better, wages if you lose your current job? If meeting your monthly budget depends on every dime you earn, even a small reduction can be a disaster.

2. Expenses 

The calculation of your back-end ratio will include most of your current debt expenses, but you should consider future costs like college for your kids (if you have them) or your hobbies when you retire.

3. Lifestyle 

Are you willing to change your lifestyle to get the house you want? What is your PBJ for lunch threshold? If fewer trips to the coffee shop and a little tightening of the budget don’t bother you, applying a higher back-end ratio might work out fine. If you can’t make any adjustments or already have multiple credit card account balances—you might want to play it safe and take a more conservative approach in your house hunting.

What mortgage concerns do you have? Leave a comment here.

4. Personality 

Even twins don’t share the same personality, regardless of their income. Some people can sleep soundly at night knowing that they owe $5,000 per month for the next 30 years, while others fret over a payment half that size. The prospect of refinancing the house to afford payments on a new car would drive some people crazy while not worrying others at all. You need to find out what fits your dreams.

#newlofts #DTLAloftmortgage

Thinking about making a move? Commercial and industrial conversion have special issues that may require a loft lender. Get the FREE report – How to Get the Best Deal on a Loft Loan. Complete the form: Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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When it comes to mortgage financing no two people are the same, not even Legos

Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. 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 are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.