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Updated over 5 years ago,
California 1928 Brick building Lenders Needed
I have been told(by a loan broker) that our building won't pass a seismic, even though it has the Los Angeles required retrofit improvements, because it is a five story brick building, and generally they don't pass a seismic inspection, usually(at best) just falling short of the requirements.
Is this wrong? Does anybody have competitive lenders for an older brick building in So Cal?
Any feedback on the topic?