Tag: downtown LA

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Unwarrantable Condo Loans, Lenders and Financing of Downtown Los Angeles Live/Work Lofts

LOFT LOANS:  UNWARRANTBLE CONDOS

Unwarrantable Downtown Loft Condos
Unwarrantable Condo Loans and Lenders

Some Downtown L.A. loft condo buildings such as SB Grand lofts and a few others have issues that can make it difficult to finance units in the building. The reasons often involve high renter ratio, mixed-use, industrial or commercial buildings and incomplete or minimal HOA financial documents.  Can buyers get a mortgage in these buildings?  #unwarrantable #condos #dtla

Yes, it can be done. When a condo project is deemed non-warrantable, the choices that exist will usually come at slightly higher mortgage rates and fees than a conforming or “warrantable” loan.  The lender generally needs to have appropriate portfolio investor connections or investors “in house” that make exceptions for non-warrantable condos. The DTLA agents and brokers who specialize in these most challenging of lofts only know of 2 or 3 lenders who can make it happen.

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Unwarrantable condo financing loans
Financing of Downtown Los Angeles Live/Work Lofts

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.

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Pershing Square Park Downtown Los Angeles New Photos of Plans Released

Centrally located in Downtowns Historic Core between the new Financial District, Old Bank district and Jewelry District, Pershing Square Park is remodeling to keep pace with the improvement of the surrounding neighborhoods. New plans have been released that show the beautification and greenery of the improved urban park and plaza.  #pershingsquare #dtla #lofts

Pershing Square Park Downtown Los Angeles New Photos and Plans
Pershing Square Park Downtown Los Angeles New Photos and Plans

LA Curbed has recently reported that the new renderings of the planned makeover for Downtown’s Pershing Square show off some updates to the winning design selected last year.

French firm Agence Ter, with Gruen Associates designed the great lawn, pergola, gardens and promenade prescribed in a philosophy of “radical flatness” as the plan removes the walls and parking garage to the same level as the surrounding sidewalks.

Across the street from the SB Grand lofts, the park improvements will increase the value of real estate in the neighborhood. Get a free list of Historic Core homes. Fill out the online form:

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Pershing Square Park Downtown Los Angeles by SB Grand Lofts
Pershing Square Park Downtown Los Angeles by SB Grand Lofts

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.