LA Loft Loan Problems – Urban Home Loans and Refinancing
Commercial Loft Conversion
It is the #1 most common disaster that buyers and sellers encounter when transacting a loft condo in LA. — This shocking problem happens most frequently when the buyer and seller both use an out-of-area agent who has no idea about the uniquely challenging financing issues that surround live-work loft conversion. After an often clumsy process of finding the right loft, and then finally getting into escrow, the buyer receives a very unexpected phone call from the lender that goes something like this: “of course we cannot complete the loan as promised… we are a residential lender and you told us you were financing a residential property. This is not a residential building.”
Avoiding this disaster is easy when the buyer has access to the best information about loft financing. Below is a list of loft buildings that may require a loft lender, litigation lender or other special financing.
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Loft Mortgage
A free report has been prepared entitled “How to Get the Best Deal on a Downtown 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:
Based on information from the Association of REALTORS®/Multiple Listing as of [date the AOR/MLS data was obtained] and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
