Serious inquiries only. " style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-weight: 400; font-stretch: inherit; font-size: 1rem; line-height: 22px; font-family: "open sans", sans-serif; vertical-align: baseline; position: relative; overflow: hidden; color: rgb(52, 65, 77); letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; height: 312px;">Potential condominium conversion project in a nice area of Los Angeles.Purchase price $10,000,000ARV $13,000,000For those not familiar with the process, I can help with the work.

Your cashflow isn't huge, but if you believe in your area and prefer to keep it, I can't recommend this loan style enough! 

To be clear, these are like a single law office, practicing  from a ranch style home in these areas that we are looking to convert back into residential for buy and hold investing- not 10,000 Sq Ft box style buildings ha.

The local Department of Health and Environmental Control can usually provide guidance relative to which contaminants, if any, are prevalent in your project area.

That's basically what SF style TIC conversion in CA looks like.

I can't recommend this loan style enough to anyone who qualifies! 

These are condo style properties that operate a concierge desk and an in house management for short term stays.  

A commercial/portfolio/DSCR style loan will lend to your business entity.  

Company states the following:" Due to the presence of damaged asbestos containing materials and debris, a Procedure 5 (P5) cleanup plan is required to be generated by a Certified Asbestos Consultant (CAC), such as JLM Environmental, and approved by the SCAQMD prior to asbestos abatement in accordance with SCAQMD Rule 1403."

I live with 8 other folks in a "community/collective" style setup.