I am the Business Development Manager for Property Management. 

@Dillon Kenniston I'm thinking about developing this into an app others can use.

City of LA's development standards are very nuanced, so you'd have to check with an entitlement consultant or architect.

Did a lot of research and actually developed a couple web scrapers with the goal of finding under-valued military properties.Never amounted to much as we don't have teams or a presence near any bases.

I'm an agent and investor/developer in Los Angeles, by the way.

I completely over $300M in commercial real estate development in LA. less expensive than the Bay Area and it is still super hard to accomplish BRRRR with construction team in house. 

@Zeke Flores Unfortunately, all DSCR lenders are beholden to the secondary market guidelines on this on a purchase, which would be to use the lower of the purchase price or appraised value when developing "LTV" for the loan. 

The point is: prime real estate of quality construction, with updates, utility, development potential, strong income or optimal location are likely undervalued assets in 2026 and beyond.

Since many condos complexes either still had a significant number of developer owned units; or speculators had purchased the units and rented them out, very few condos qualified for financing. 

Hey everyone,For those of you doing new construction, how difficult was it to secure a construction loan with favorable rates on your first or second development?