Tag: Loft

Loft – That’s those big boxes that people can live and work in. They also make a great canvas for creating your own work of three dimensional art called a home :-)

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LA Loft Lenders for Mortgage Home Loans – Chase Approved Downtown Condo Buildings

Loft Lending Problems: It is the #1 most common disaster with Downtown loft sales and purchases.  #loft #loans #chase

Looking for the Right Loft Lender
Looking for the Right Loft Lender

Most buyers and sellers have no idea how extensive the problems is, the delays and failed home sales that it causes. Unfortunately, they don’t know how to solve the problem because they don’t know who the loft specialist lenders are.

Most lofts are industrial and historic building conversions under the Los Angeles Adaptive Re-use Ordinance. Lofts are rare and unique in California real estate. Because most mortgage lenders don’t really know what a loft is, they often incorrectly tell the buyer and seller up front that it will be no problem, then later, when the property is in escrow, the lender or underwriter finally reveals the truth. They finally discover that the loft has issues and therefore the lender cannot lend on it or there will be costly delays or additional loan fees. Fortunately, this problem can be prevented when buyers and sellers know ahead of time which is the best lender for each particular building. Just like all lenders vary, all buildings vary greatly on building type, zoning, ordinance, FHA/VA status, Mills Act status, lawsuits, litigation, commercial percentage, sold ratio, renter ratio, HOA reserves and maintenance status. In almost all cases, it pays to use a loft specialist lender for a Downtown loft transaction because the lender has already approved the building, preventing needless delays and unanticipated costs.

More than 20% of Downtown homes for sale listings involve a building that is currently or recently in a lawsuit or litigation. Sometimes a litigation lender must be used.

Chase Bank has released a list of Chase approved Downtown buildings. While it is helpful when a large bank like Chase is making an effort to help buyers and sellers in Downtown Los Angeles, there are other smaller lenders that have been more focused and more successful because they are already more established in Downtown lofts, have approved more buildings and have compete more loans recently in some of the most challenged Downtown loft buildings.  |  COMMENT

Get a free list of the top Downtown loft lenders that can lend on nearly every building in DTLA. 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

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.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.  |  COMMENT

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Corey Has The Buyers

YOUR HOME MAY ALREADY BE SOLD!

Corey Chambers has the Buyers!

Get your loft, condo or house matched with over 3,300 buyers today!

Fill out the form to Match Your Home with One of Corey’s Buyers!

Corey Chambers has over 3,300 Buyers in his database and may already have the Buyer for Your Downtown Home. This is through an exclusive program called our “Buyers in Waiting” program!

These buyers are READY To BUY NOW! The truth is that Corey’s team has started marketing for your home, before you ever contact him! They don’t sit around and wait for you to contact them, then start marketing for buyers for your home, they already have the buyers!  #sell #loft

Call Corey Chambers NOW at 213-880-9910 or fill out the online form:

Your Home SOLD at a Price Acceptable to You, GUARANTEED or Corey will Buy it!*

Corey Chambers GUARANTEES in writing, that your home will sell at a price acceptable to you or Debbie & Sarah will Buy it!*  No Gimmicks.

 

Your Home WILL Sell For 2.2% More!
Corey Chambers sells homes for 2.2% more than competitors. On a sale price of $500,000 that is $11,000 right in your pocket!

Your Home WILL Sell 44% Faster!
On average days on the market for resale in 2013-2015, Corey Chambers on average sold in 32 Days on the market while average agent took 58 days on the market!

Corey has the Buyers!
Corey Chambers has over 3,300 Buyers in his database. Corey may already have a Buyer for Your Home Right Now!

Your Home is More Likely to Sell!
Corey Chambers team sold 100% of homes listed in the same time period, compared to 85% for the average agent.

 

What Our Clients Say:

⭐️⭐️⭐️ ⭐️⭐️

Corey Chambers helped us to sell our home for 101% of asking price, all cash, 24% faster than the average sale in the building. Corey then helped us to find a larger home and to negotiate a fair price with repairs included. He was very responsive to calls and if he didn’t know the answer to a question that we had, he always found the answer out in a timely manner. We plan to use Corey again in future real estate transactions and highly recommend him to others especially if you are looking in the downtown area.

tammy johnson and mike barker

⭐️⭐️⭐️ ⭐️⭐️

Corey is the best realtor I have worked with by far. He is the most intelligent, intuitive, resourceful and creative realtor I have ever encountered. I will recommend him to everyone I know without any hesitation. He has been so patient with me which I really appreciate and has always listened to me. He had real conversations with me weighing the pros and cons of different options. He never once lost patience or got frustrated. I wish we could have made a sale for him instead of a rental. But hopefully when we are ready to put it on the market again he will still be in the business and still want to work with us. I am so happy to have found Corey. Please keep up the good work and I know you will be rewarded for your kindness and generosity and patience.

Lauren Han

⭐️⭐️⭐️ ⭐️⭐️

Corey got me $30,000 more than I was asking for. The experience of selling my home was great and went very smoothly. I was told what to expect up front so there were no surprises.

Joyce Yeich

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Corey Has the Buyers
Corey Has the Buyers

Copyright © This free information provided courtesy L.A. Loft Blog and CoreyChambers.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.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.