Category: Lofts Downtown Los Angeles

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Little Tokyo Neighborhood Mixing LIVE and Virtual Events in 2021

Little Tokyo Lofts are an important part of the local community in Little Tokyo

Buying into a community like Little Tokyo in DTLA, which has a strong neighborhood identity an essential feature for building healthy relationships. By allowing residents to spend time with their family, friends, and others in your community. This is valuable to a resident over a generic suburb situation because it can help improve one’s mental well-being. Strengthening relationships both at home and within your community ultimately shapes your life. Mental health and physical health are fundamentally linked, with positive mental well-being contributing to physical conditions. Three positive facts about strong communities

Neighbor Identity

Little Tokyo has a strong Japanese identity that is fun for everyone to participate in as part of the community events to connect their residents and keep old traditions alive while making new ones. It can also help attract new visitors by showing off what makes Little Tokyo so much fun which can simultaneously help build a strong sense of pride for the community. A sense of pride amongst the community may also encourage members to take better care of their neighborhoods.

Create New Business Opportunities

With community events – whether free, family-friendly, or ticketed events – you’ll need help setting up, running, and promoting them. Use this as an opportunity to showcase your community’s local businesses. Like the ones showcased below, community events help drive revenue to the local small businesses, attracting those in the community to support them. In addition, community events may also bring in business from neighboring towns, generating further revenue that supports your community.

It’s Fun!

At the end of the day, the point of hosting a community event is to create memorable moments for the community. These types of events will not only showcase what Little Tokyo has to offer, but connect members of the community forever from these shared experiences, no matter their background, gender, or age.

Little Tokyo City Tours 
Come join us for Little Tokyo City Tours, an interactive 2.5-hour walking / food-tasting tour through Little Tokyo!

Live events in the Little Tokyo Neighborhood show a resilient community coming back to life

About this Event

Come learn about the history of this thriving area in DTLA. The tour begins at the JEMS parking lot and will include stops at Rafu Shimpo newspaper, Artist District, Terasaki Budokan gym, Japanese American Community Center, Weller Court, Japanese Village Plaza, East West Players building, Jist Cafe, Fugetsudo Manju shop, Go for Broke National Educational Center, Japanese American National Museum and more! Tour guide earphones used on tour

WHERE: meet @ JEMS parking lot @ 948 E. 2nd Str., Los Angeles, Ca 90012 (map).

TIME: Start time @ 8:30 AM (departure @ 8:45 AM) > End @ 11:30 AM @ JANM museum (site)

SUGGESTED DONATION: $15 (covers cost of 4 tasting stops + free admission to JAMN museum at the end of the tour)

CONTACT: jessica@citybible.church

Drum lines are a fun part of live Nisei festivals this year the event is virtual

Join us for the 2021 Nisei Week Virtual Experience on Saturday, August 14, 2021.

For 2021 the virtual program will air on the Nisei Week Foundation’s YouTube channel in place of an in-person festival.  A mix of live streaming and pre-recorded segments, we will feature highlights Nisei Week fans have come to love about the Nisei Week Japanese Festival over the years. Normally the Festival is a 9-day event and dates back to the 1930s as a means of welcoming people into the neighborhood and support the local businesses. This year’s theme is Ibasho, which is a Japanese word that means, “a place to belong.” The Foundation looks forward to celebrating community, culture, and the place so many see as home – Los Angeles’ Little Tokyo. The Nisei Week Experience will also showcase this year’s queen candidates and the announcement of a 2021 Nisei Week Queen & Court.  Other program highlights will include spotlights on Little Tokyo community organizations and businesses, live performances, and elements of the popular Closing Ceremony, complete with Obon dancing. Check back for more details coming soon!

Another event later this year is hosted by Little Tokyo Community Council and Japanese American Cultural & Community Center

Long standing traditional community events don’t require too much set up to be successful

PICNIC ON THE PLAZA

Grab takeout from your favorite Little Tokyo restaurant and bring your friends and family to the Japanese American Cultural & Community Center (JACCC) Plaza for fun afternoon of kicking back, enjoying music, and watching fun food demonstrations led by local business owners! #littletokyolofts

FREE | ALL AGES WELCOME

Event details:

JACCC Plaza, 244 S. San Pedro Street, Los Angeles, CA 90012

RSVP for a chance to win $15 gift certificates to Fugetsu-Do and Azay! Winner will be drawn and announced at 2 pm. Must be present to win!

Find a live work loft like Little Tokyo Lofts. Fill out the online form.

entarlovesyou #

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Former industrial General Electric building is reborn as the Little Tokyo Lofts part of this robust community

Copyright © This free information provided courtesy L.A. Loft Blog with 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 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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Interesting Facts You Never Knew About the ABCs of Loft Financing – Mortgage for Industrial and Commercial Conversion Live/Work Lofts

Building type and location my work in your favor when securing a home loan for your Loft

A loft does not always fall into the standard home loan category. Learn the ABCs of getting your dream loft funded at the best rate. Knowledge is power, and in this case, it is also worth money to you. #entarlovesyou

LA LOFT LOANS

When searching for the right lender, you must work with a loft savvy broker who knows the ins and outs of loft financing.

Little Tokyo Downtown Los Angeles
Open House Sun 420 S San Pedro St #631

A. Loft financing is considered as non-traditional financing by Banks and credit unions.

…As a result, they scratch their heads at how to put a deal together. Lenders have strict rules that consider zoning and occupancy, like live/work, construction, when a GE plant turns into a loft community, and building style. Many lenders say that they will fund a loft with no problem, but they later change their mind when the underwriter checks the building several weeks later, causing delays, extra costs or failed transactions. So, while they would love to help you get a home loan, the factors that make a loft appealing for its industrial bones and exposed brick walls can make it unfit for bank financing. In addition, the mere existence of a homeowners association does not always make a loft community similar enough to a condominium to qualify for off-the-shelf funding.

When it comes to getting financing, lofts often have issues that traditional condos do not have, including: wrong zoning and building type — not listed as a residence, listed as industrial or commercial building; too much commercial business in the building, lawsuits and litigation, high renter ratio, inadequate HOA communication, missing flooring etc.

B. Understanding the Community Reinvestment Act can save you money.
Many lofts are located in these reinvestment areas. Federally insured lenders are required by the government to provide a required allotment of loans in these areas. In addition, the Community Reinvestment Act (CRA), enacted in 1977, requires the Federal Reserve and other federal banking regulators to encourage financial institutions to help meet the credit needs of the communities in which they do business, including low- and moderate-income (LMI) neighborhoods.

C. Hire your agent based on their experience in your target market.
Again it’s now what you know but who you know. Hire an agent

  • Which buildings qualify for Mills Act tax breaks
  • What buildings face budget and legal issues that lenders won’t touch.
  • Identify lenders who have a track record of funding Loft buildings you are interested in buying into. #entarispowerful

#millsact Find your dream loft with a huge Mills Act property tax discount.

Have a dream and the faith that there are still ways that qualified borrowers can get a Loft mortgage with a small down payment. That is if you know who to ask for help. Be encouraged that it’s still quite possible to arrange loft financing on a tight down payment budget.

Success in financing your dream loft

To recap the leading issue in loft purchases that regular banks don’t write loft loans and most seem to draw a blank when asked to help buyers finance a loft. In that situation, you will likely need to reach out to a specialty lender who has the confidence and experience in the loft market. Your agent should be a great resource. It is a case of not who you are but who your agent knows.

Here are some examples of regular home and Condo loans that will work for you in most cases. VA, FHA, Credit Unions.

Get the FREE report – How to Get the Best Deal on a Loft Loan. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking
Home loans for loft condos can be tricky or easy. To be sure, use a loft lender.

Copyright © This free information provided courtesy L.A. Loft Blog with 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 subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.