Realty Mogul crowdfunds renovation of 141 LA apartment units

Commercial real estate crowdfunder Realty Mogul says it’s pooled money from accredited investors that will be used to renovate 141 apartment units in a five-building complex in Los Angeles’ Baldwin Hills neighborhood.

The buildings will be acquired by a consortium led by principals of Crawford Park Financial and Apts Mgmt LLC.

“This kind of property — available at below replacement cost, in need of some renovation but located in a supply-constrained market — is a focus of our company,” Mark Crawford, president of Crawford Park Financial, said in a statement.

Realty Mogul — one of 13 companies in the inaugural class of the Inman Incubator program — says it has funded $85 million in properties to date. Source: prnewswire.com.


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