Singer Building Update | Upscale Historic Loft Alternatives Available For Lease

REAL ESTATE NEWS (Los Angeles, CA) — All of the super big, luxury units at the amazing historic industrial loft building are full, with nothing expected to come up available for several months. Here’s a list of comparable nearby properties for lease. While there is rarely anything comparable in size and quality, there are some similar lofts nearby that are not quite as gigantic:

Eastern Columbia – 849 S Broadway, 90014    EasternColumbiaLoft.com  M
Iconic Art Deco building located in the heart of downtown Los Angeles. Completed in 1930, it has been converted into stylish residential lofts known as Eastern Columbia Lofts. The building features a turquoise terra cotta exterior, a stunning clock tower, and a rooftop pool with panoramic views of the city. More information can be found at EasternColumbiaLoft.com.

939 Lofts  – 939 S Broadway, 90014
Modern, mid-rise loft-style apartment building in the South Broadway neighborhood of downtown Los Angeles. The building offers a mix of studio, one- and two-bedroom units, with high ceilings and open floor plans. Amenities include a fitness center, rooftop deck with city views, and on-site parking.

Biscuit Company – 1850 Industrial St, 90021    BiscuitLoftLA.com  M
Located in the Arts District of downtown Los Angeles, the Biscuit Company Lofts is a historic six-story building that was originally built in 1925 as a factory for the National Biscuit Company. It has been transformed into stylish live-work lofts with high ceilings, exposed brick walls, and large windows. Amenities include a rooftop pool, fitness center, and 24-hour security. More information can be found at BiscuitLoftLA.com.

Chapman Flats – 756 S Broadway, 90014
A beautifully restored Beaux-Arts style building, originally built in 1912, located on South Broadway in downtown Los Angeles. The building features studio, one- and two-bedroom loft-style apartments with high ceilings, large windows, and a combination of historic and modern finishes. Amenities include a rooftop lounge, fitness center, and on-site parking.

Barker Block – 510 & 530 S Hewitt St, 90013    BarkerBlockLA.com
Collection of industrial-style live-work lofts located in the heart of the Arts District in downtown Los Angeles. The complex consists of several buildings, each with unique architectural elements, including exposed brick walls, high ceilings, and large windows. Amenities include a rooftop pool and spa, fitness center, and outdoor lounge areas. More information can be found at BarkerBlockLA.com.

Barn Lofts – 940 E 2nd St, 90012
An historic building located in the Arts District of downtown Los Angeles. Originally built in 1906 as a warehouse, the building has been converted into spacious live-work lofts, featuring exposed brick walls, high ceilings, and polished concrete floors. The building offers a rooftop deck with city views and on-site parking.

Broadway Lofts – 430 S Broadway, 90013
Mixed-use, historic building in downtown Los Angeles that has been converted into loft-style apartments. The building features high ceilings, large windows, and modern amenities. Residents can enjoy a rooftop deck with city views and on-site parking.

Brockman Lofts – 530 W 7th St, 90014
Historic Beaux-Arts style building, originally built in 1921, located in the heart of downtown Los Angeles. The building has been converted into luxury loft-style apartments, featuring high ceilings, exposed brick walls, and large windows. Amenities include a rooftop deck with a pool, fitness center, and 24-hour concierge service.

NCT Lofts National City Tower Building – 810 S Spring St, 90014
Located in the National City Tower Building, is a historic 12-story building in downtown Los Angeles. Originally built in 1924, it has beenconverted into contemporary loft-style apartments. The units feature high ceilings, exposed brick walls, and large windows, offering an abundance of natural light. Amenities include a rooftop deck with city views, a fitness center, and on-site parking.

Orpheum Lofts – 842-846 S Broadway, 90014
Historic residential building located on South Broadway in downtown Los Angeles. Originally built in 1926, the building is adjacent to the renowned Orpheum Theatre and has been converted into loft-style apartments. The units feature high ceilings, large windows, and a mix of historic and modern finishes. Amenities include a rooftop deck with city views and on-site parking.

Pacific Electric Lofts – 610 S Main St, 90014
Historic building in downtown Los Angeles that was once the headquarters of the Pacific Electric Railway Company. Built in 1905, the building has been converted into stylish live-work lofts, featuring high ceilings, exposed brick walls, and large windows. The building offers a variety of amenities, including a rooftop pool and spa, fitness center, and a spacious outdoor courtyard for residents to enjoy.

>> MORE

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 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.

California Dream For All Shared Appreciation Loan — First Time Homebuyer Purchase Assistance Program

REAL ESTATE NEWS (Los Angeles, CA) — The California Dream For All Program is designed to help first-time homebuyers in California by providing down payment assistance through the Dream For All Shared Appreciation Loan. This loan is used in conjunction with the Dream For All Conventional first mortgage to cover down payment and/or closing costs.

UPDATE April 8, 2021: PROGRAM HAS BEEN PAUSED DUE TO OVERWHELMING DEMAND — FUNDS MAY ALREADY BE DEPLETED (but don’t get discouraged; program may resume again at any time.)

Benefits of the program include:

Down payment assistance: The program provides a loan for up to 20% of the home purchase price, making it easier for first-time homebuyers to afford a home.
Shared appreciation: Upon the sale or transfer of the home, the homeowner repays the original down payment loan along with a share of the appreciation in the value of the home. This allows the program to recycle funds and continue assisting future homebuyers.
Homebuyer education and counseling: CalHFA requires first-time homebuyers to complete two levels of homebuyer education counseling and obtain a certificate of completion from an eligible organization. This helps ensure the success and happiness of homeowners by providing them with essential knowledge about the home-buying process.
Property eligibility: The program covers single-family, one-unit residences, including approved condominiums/PUDs, guest houses, granny units, in-law quarters, and manufactured housing.
Interest rates: Interest rates for the program will vary depending on the borrower’s financial circumstances, lender fees, and other factors. CalHFA-approved loan officers can provide accurate rate quotes for the program.
To be eligible for the Dream For All Shared Appreciation Loan Program, borrowers must meet specific requirements, including being a first-time homebuyer, occupying the property as a primary residence, and meeting CalHFA income limits. The property must also meet certain requirements, such as being a single-family, one-unit residence.

Homebuyers interested in applying for the program should contact a CalHFA-approved loan officer in their area to learn more about the program and navigate the home buying process. When contacting a loan officer, it is helpful to have documents and information such as pay stubs, bank statements, employment history, and previous tax returns readily available.

The Dream For All Shared Appreciation Loan is a down payment assistance program for first-time homebuyers to be used in conjunction with the Dream For All Conventional first mortgage for down payment and/or closing costs.

Upon sale or transfer of the home, the homebuyer repays the original down payment loan, plus a share of the appreciation in the value of the home.

CalHFA Dream For All Shared Appreciation Loan

Program Eligibility
Review the guidelines below for both Borrower and Property Requirements to determine if you may be eligible to apply for the Dream For All Shared Appreciation Loan Program.

Borrower Requirements

Be a first-time homebuyer. See the definition of a first-time homebuyer.
Occupy the property as a primary residence; non-occupant co-borrowers are not allowed.
CalHFA borrowers must complete two levels of homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization.
Meet CalHFA income limits for this program.
*In the case of conflicting guidelines, the lender must follow the more restrictive.

Property Requirements

Be a single-family, one-unit residence, including approved condominium/PUDs
Guest houses, granny units and in-law quarters may be eligible
Manufactured housing is permitted
Condominiums must meet the guidelines of the first mortgage*
*In the case of conflicting guidelines, the lender must follow the more restrictive.

CalHFA Dream For All Shared Appreciation Loan
Shared Appreciation
Shared Appreciation is a little more complex than a typical mortgage loan, so we’ve put together a few examples for you.

Shared Appreciation Examples
Example 1
Example #1: Borrower is a moderate income homebuyer Image Borrower is a CalHFA income homebuyer
Dream For All provides a loan for 20% of the home purchase price.
The homeowner pays back the original loan amount plus 20% of any appreciation in the value of the home.
Example 2
Example #2: Borrower income less than or equal to 80% AMI using the HomeReady Lookup Tool Image Borrower income less than or equal to 80% AMI using the HomeReady Lookup Tool
Reduced (0.75:1) program appreciation share
Program appreciation share is equal to 0.75 times the Shared Appreciation Loan Amount (i.e., the original principal amount) as a percentage of the home value
Dream For All provides a loan for 20% of the home purchase price.
The homeowner pays back the original loan amount plus 15% of any appreciation in the value of the home

CalHFA Dream For All Shared Appreciation Loan
Interest Rate
What is the interest rate?
Interest rates will vary depending on your financial circumstances, lender fees, and other factors. Interest rates can also change daily. We recommend that you check with a CalHFA-approved loan officer to receive an accurate rate quote for this program.

CalHFA does not lend money directly to consumers. CalHFA works through and uses approved lenders to qualify consumers and to make all mortgage loans. The fees you pay could be different depending on the lender and the program. View sample Annual Percentage Rates (APRs) here.

CalHFA Dream For All Shared Appreciation Loan
Homebuyer Education Requirement
CalHFA firmly believes that homebuyer education and counseling is critical to the success and happiness of a homeowner, and requires homebuyer education and counseling for first-time homebuyers using a CalHFA program.

Who has to take this Homebuyer Education and Counseling course?

Only one occupying first-time borrower on each loan transaction.

How do I take this education and counseling course?

ONLINE: eHome’s eight-hour Homebuyer Education and Counseling course is the only online course accepted by CalHFA. (fee: $99) Other online courses like Frameworks and HomeView are not acceptable because they do not provide a one-hour, 1-on-1 counseling follow-up session.
IN-PERSON or VIRTUAL: Live Homebuyer Education and Counseling in-person or virtually though NeighborWorks America or any HUD-Approved Housing Counseling Agency
(fee: varies by agency)
How do I take the additional California Dream For All education?

ONLINE: This education is free and online only. Visit calhfadreamforall.com to get signed up and take the course.
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CalHFA Dream For All Shared Appreciation Loan
How To Apply
How do I apply for this loan program?
Since CalHFA is not a direct lender, our mortgage products are offered through private loan officers who have been approved & trained by our Agency. These loan officers can help you find out more about CalHFA’s programs and guide you through the home buying process.

Visit the Find a Loan Officer link, to contact a loan officer in your area.

What documents should I have ready when contacting a loan officer?
When initially contacting a loan officer, you may want to have this list of documents and information available to help answer questions that they will ask you:

Pay stubs
Bank statements
Employment history
Previous tax returns

Get a free list of live/work lofts for sale in Los Angeles. Fill out the online form:

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 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.