Crawford Park Financial

About Crawford Park Financial

Based in Beverly Hills, CA, Crawford Park Financial is a private money lender providing funding throughout Southern California. They offer commercial loans and investment property loans. Their lending parameters are flexible, including loans with a maximum LTV of 70%. The focus of their loans is for single family units, multi-family units, and apartments.

Loan Types Offered: Investment Property Loans, Commercial Hard Money Loans

Property Types Covered: Single Family, Multi Family, Apartment

Areas Served: Southern California

Licenses: Crawford Park Financial Inc. - NMLS ID 354251, Mark Crawford license # is: DRE#00676535

Lending Guidelines for Crawford Park Financial

Below are the general loan guidelines published on the Crawford Park Financial website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Crawford Park Financial.

Loan Example 1

Donald owns a small business in Acton, CA and decides to purchase a new warehouse for his operations. Since he is unable to obtain a commercial mortgage from a bank, he turns to Crawford Park Financial for a commercial hard money loan. Since the lender and borrower agree on a 60% loan to value (LTV), Donald will bring $76,000 at the close and the loan principle will be $114,000 since the price of the building is $190,000. The lender also specifies the following terms to the deal: 1) a 12% rate of interest, 2) a 18 month length with interest-only payments to be made each month, 3) an origination fee of 3 points paid by Donald at the close, and 4) no penalty for pre-payment. Donald will be required to pay the origination fee of $3,420 and he will then begin to make the interest payments of $1,140 ($114,000 principle x 12% interest / 12 months in a year). He can pay off the note early if he wants to since there is no pre-payment penalty but he will be responsible for the full principle when he concludes the loan.

Loan Example 2

Cynthia finds a townhouse in Acton, CA to renovate and resell. Because she does not have enough cash to buy the property outright, she takes a hard money loan from Crawford Park Financial with the following parameters:

a) A $270,000 sales price, b) a 55% loan to value (LTV), c) a 6 month term, d) a 13% interest rate, and e) a 4% origination fee.

Assuming a $324,000 sales price after the 6 month term, the outcome for this project would look like the following:

$324,000 sales price
- $148,500 principle (55% LTV)
- $121,500 cash paid at closing (45% on 55% LTV)
- $5,940 origination fee (4% of the $148,500 principle amount)
- $9,653 interest payments (6 months x 13% interest)
-----------------------
= $38,408 total profit (doesn't include taxes or renovation costs)

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