Crawford Park Financial, Inc. Completes Multi-Family Apartment Purchase to Complement Healthy Trust Deed Investment Results

24-Unit Carmona Gardens Apartments Purchased for $2,100,000

LOS ANGELES--(BUSINESS WIRE)--Crawford Park Financial Inc., on behalf of our partnership investors in Carmona Apts, LLC, purchased the 24-unit Carmona Gardens Apartments in Los Angeles, CA for $2,100,000 ($87,000 per unit / $87 per square foot) on June 27^th.

“This outstanding West Los Angeles location represents an opportunity for us to add value by re-positioning the asset through renovation and leasing the vacant units. We plan to invest $175,000 to rehab the property”

“This outstanding West Los Angeles location represents an opportunity for us to add value by re-positioning the asset through renovation and leasing the vacant units. We plan to invest $175,000 to rehab the property,” stated Mark F. Crawford, President of Crawford Park Financial.

Located adjacent to Culver City and three blocks from the new Expo line light rail system, the property was built in 1952 and was 55% occupied at close. The property is three buildings of two stories, garden-style apartments with garages. The immediate neighborhood consists of nicely maintained, single family homes.

Crawford Park Financial obtained financing through the commercial real estate investment banking firm, George Smith Partners arranged by Marc Schillinger. The loan is from First Republic Bank in Century City. Carmona Gardens Apartments is located at 3638 – 3652 Carmona Ave., Los Angeles CA 90016.

The syndicated acquisition of the Carmona Garden Apartments complements Crawford Park Financial’s successful Hard Money Loan / Trust Deed investment business. Trust Deeds are asset based loans with annual yields ranging from 10%-12% while Apartment Syndication investments are a sturdy, long-term investment that capitalizes on today’s real estate market.

For more details or to request investor information, please contact Mark F. Crawford at 310-273-3333 or [e-mail].

Crawford Park Financial, Inc. is a real estate investment company specializing in investor partnerships of urban apartments and the purchasing and originating of 1^st mortgage debt in California. Crawford Park Financial, Inc. has invested over $20,000,000 on behalf of our investors in the last two years.

www.CrawfordParkFinancial.com