Crawford Real Estate Services

About Crawford Real Estate Services

Crawford Real Estate Services is an asset-based lender based in San Bernadino, CA offering funding throughout California. They provide new construction loans, fix and flip loans, long term rental property loans, and commercial loans. Their lending guidelines are flexible, including loans with a maximum LTV of 70%. They provide loans on most types of properties, including single family units, multi-family units, apartments, offices, mixed use, retail units, warehouse spaces, storage facilities, industrial buildings, and undeveloped land.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Mixed Use, Retail, Warehouse, Storage, Industrial, Land

Areas Served: CA

Licenses: California Department of Real Estate Broker Lic. # 01471904

Lending Guidelines for Crawford Real Estate Services

Below are the general loan guidelines published on the Crawford Real Estate Services 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 Real Estate Services.

Loan Example 1

Janine is a real estate investor in Los Angeles, CA. She finds a run-down property for sale and decides to renovate it and flip it for a profit. The house has a cost of $310,000 but she does not have the full amount so she takes out a hard money loan with Crawford Real Estate Services. The lender agrees to write a loan with a 80% loan-to-value (LTV) so they will loan $248,000 on the project. The deal also includes the following features: 1) a 18 month term, 2) a 10% interest only note, and 3) a one point origination fee.

The borrower will have to contribute a total of $32,400 up front to pay the $62,000 down payment in addition to the $2,480 origination fee. After the deal is executed and Janine takes over the property, she will begin making monthly payments of $2,067 to Crawford Real Estate Services ($248,000 principle x 10% / 12 months). If Janine sells the property for $387,500 after 18 months, she would realize a gross profit of $37,820 after subtracting the principle amount of $248,000, the cash paid at closing of $62,000, the origination fee of $2,480, and the total interest payments of $37,200. This profit does not account for remodeling costs.

Loan Example 2

Ivy is a an investor in Los Angeles, CA. She locates an older property for a remodeling project and obtains a private money loan from Crawford Real Estate Services with the following terms:

a) A $350,000 purchase price, b) a 65% loan-to-value (LTV), c) a 18 month term, d) a 14% interest rate, and e) a 3% origination fee.

Based on a $525,000 sales price at the end of the 18 month term, the outcome for the project would look like this:

$525,000 sales price
- $227,500 loan principle (65% LTV)
- $122,500 cash paid at closing (35% on 65% LTV)
- $6,825 origination fee (3% of the $227,500 principle amount)
- $47,775 interest payments (18 months x 14% interest)
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= $120,400 total profit (does not include taxes or renovation costs)