Investor Group Acquires Beverly Hills Securities

Beverly Hills Securities, a mortgage banking concern based in Encino, has been acquired by an investor group for $5.6 million.

The group includes Crescott Inc., a New York holding company that also is part of a group attempting to buy Dataproducts, a Woodland Hills-based manufacturer of computer printers.

Beverly Hills Securities, founded in 1925, services more than $500 million in residential mortgage loans and also provides mortgage financing for commercial properties, Crescott said.