Fairfield Financial Services, Inc. - Private Money Loans, Lending & Borrowing

Real estate market general

Will Amazon’s HQ2 sink Seattle’s housing market?

Tuesday, November 13th, 2018

S. Clay Sparkman
Will Amazon’s HQ2 sink Seattle’s housing market?
https://www.seattletimes.com/business/real-estate/will-amazons-hq2-sink-seattles-housing-market/
Probably not much, but it should pump up the markets in NYC and DC even furthur.
Best,
Clay
- Clay (clay@privatemoneysource.com, 503-476-2909)
Clay is Vice President of Fairfield Financial, a primary source for private money loans since 1964. Fairfield works with a broad range of private money investors, in a broker [...]

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The west coast is on fire

Tuesday, March 6th, 2018

Clay Sparkman
Between Seattle, Portland, San Francisco, LA, and San Diego, home prices are off the charts. We broker short-term loans to real estate investors, so if you wish to invest in trust deeds in these markets, consider contacting us.
And check out these two recent articles:
A Third of U.S. Homebuyers Are Bidding Sight Unseen
Seattle-area home market [...]

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Resources for private money profesionals

Friday, January 6th, 2017

Clay Sparkman
I posted this article in 2011, and am sad to say that I haven’t come across much in the way of new resources since. I’m going to re-post, with a few small changes, and please let me know if you know of any useful resources available to private money professionals.

These days–with uncertain markets—tools and [...]

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Several perspectives on private money and changes happening in the industry

Tuesday, May 24th, 2016

Clay Sparkman
With regard to forward thinking (that is, how is the industry changing?): I thought you might appreciate this article, Private Lending Sector Making Big Noise for Real Estate Investors, by Ben Stoodley:
Here
Certainly he is correct with regard to his interpretation of current trends, and one must wonder how far this might all [...]

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Into the mainstream

Friday, May 13th, 2016

Clay Sparkman
I thought that this recent article in The National Real Estate Investor would be worth sharing with the private money investors in this group. It certainly rings true with those of us at Fairfield, as we have had to work with our investors to adapt our programs and strategies to a changing market (becoming [...]

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The cost of hard money

Friday, October 23rd, 2015

Clay Sparkman
After 50 years in the hard money business (as a family operation)  and 20+ years personally, you’d think we’d know what to expect. But let’s face it, no one really knows what to expect in the complex globally based financial world.
For my first 15 or so years working in the hard money industry, I [...]

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We may be done wandering through the forest

Thursday, June 27th, 2013

Clay Sparkman
I got this upbeat article as a special alert on my smart phone this week. It seems that finally the real estate market it pulling the rest of the economy forward, instead of the other way around. I would say that it’s official. Hallelujah!
Housing, regional factory data show economy’s stamina
http://us.news-republic.com/Web/ArticleWeb.aspx?regionid=1&articleid=10246360
On the other hand, a [...]

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Good news for modern real estate investors

Thursday, May 30th, 2013

Clay Sparkman
Well, if this isn’t good news, I don’t know what is:
http://us.news-republic.com/Web/ArticleWeb.aspx?regionid=1&articleid=9562167
It appears that now is the time to be investing in real estate and real estate loans. We finally have a turn-around market that might actually be *real* and might actually be steady.
Let’s hope it keeps going this way. There are so many factors, [...]

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Draw process for rehab and construction loans

Wednesday, February 6th, 2013

Clay Sparkman
We plan to do as many rehab and construction loans as we can this year. We see great potential in that area. Builders are under-building (by a substantial number of units, and going back 3+ years), and this is mostly because banks haven’t recovered to the point where they are comfortable [...]

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Investing in real estate (either directly or indirectly) in 2013: three articles you should read

Friday, February 1st, 2013

Clay Sparkman
On occasion, I try to publish links to articles that are relevant, useful, and interesting. Here are three articles which give useful perspective on the matter of investing in real estate in 2012—each from a different perspective.
A money.cnn article on how to find real estate opportunities in 2013:
http://money.cnn.com/2012/12/01/real_estate/housing-outlook-2013.moneymag/index.html
Dailyresearchhunter.com on global real [...]

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What to look for in 2013

Thursday, January 24th, 2013

Clay Sparkman
I rather enjoyed the following article in the www.thefiscaltimes.com (quite an impressive publication at first blush), and thought it would be a good one to share.
“Ten Real Estate Trends to Watch in 2013″
http://www.thefiscaltimes.com/Articles/2012/12/06/10-Real-Estate-Trends-to-Watch-in-2013.aspx#page1
The article begins by noteing that “national home prices have been on the uptick for eight straight months,” and then goes on [...]

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Good news for real estate markets: could this be the actual turn around we’ve been waiting for?

Wednesday, December 5th, 2012

Clay Sparkman
I posted this on my broker blog post recently. It is slightly dated, but the good news motors on. Let us celebrate the positives. (Yet, at the same time, let’s hope that we don’t go over a certain fiscal cliff, out of control and doing 90 mph. It will be interesting to see how [...]

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I can climb; I just don’t want to fall again

Thursday, August 23rd, 2012

Clay Sparkman
I like what I’m seeing in the New York Times lately regarding real estate recovery. The following article was in yesterdays paper:
Here
It seems that they are convinced that recovery of the real estate markets is underway–though they also suggest that it is likely to be slow.
I’m fine with that. I can whether the climb [...]

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Too good not to share

Monday, July 2nd, 2012

Clay Sparkman
I figured this was too good not to share. After all, when The New York Times speaks …
http://www.nytimes.com/2012/06/28/business/economy/new-indications-housing-recovery-is-under-way.html
I’ll try to get back to posting more frequently. I’ve been a bit at a loss as to what to post lately. If anyone has anything they’d like to know more about, please let me know.
– Clay [...]

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Another good piece of data for real estate markets in the PNW

Friday, February 3rd, 2012

Clay Sparkman
This from a recent article in The Puget Sound Business Journal:
“Sales of larger apartment buildings in King County are on the upswing, setting a record average price per square foot in 2011, according to data supplied by Dupre + Scott Apartment Advisors Inc.
Investors last year paid an average price of $136,509 per unit for [...]

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Better times are coming in real estate markets and here’s why

Saturday, October 29th, 2011

This Guest post by Jeff Lindikoff

I hope you are enjoying the beautiful fall weather. It is certainly my favorite time of the year and good things are on the horizon for Real Estate Investors.
We have been saying for most of this year that with an election year coming up, the government will [...]

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A good time for private money investing (or so we think)

Monday, September 19th, 2011

Clay Sparkman
We’ve been getting quite a few calls from new investors lately who are interested in investing in trust deed secured loans. This makes a certain amount of sense to me, as a number of factors are lining up to enhance the attractiveness of this type of investing. The factors I have in mind include [...]

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As goes Miami …?

Saturday, July 30th, 2011

Sorry to be so long away from you. I guess the lazy days of summer have been calling. I would like to share an article that I read recently in the New York Times.
http://www.nytimes.com/2011/07/27/business/affluent-buyers-reviving-market-for-miami-homes.html?pagewanted=1&_r=1
It seems that the Miami market, one of the worst hit during the real estate turn down, is on [...]

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There’s something about equity

Thursday, May 19th, 2011

Clay Sparkman
With a double dip real estate depreciation nationwide becoming fact in April, and now with  the federal government threatening not to extend government backed financing options large (jumbo) residential loans, this market is hardly getting easier or more predictable.  So you might ask, “How do we get private money loans done in today’s real [...]

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A story of adaptation: or how to survive and succeed in a challenging real estate market

Thursday, November 11th, 2010

The following is a guest post by Matthew Whitaker, Managing Member of Magnolia Partners, LLC and Golden Key, LLC.  I originally posted this article on my Broker Blog, but it occurred to me that it would be appropriate to post it here as well.   What I think a trust deed investor should take away from [...]

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What does this mean to us?

Sunday, October 3rd, 2010

Clay Sparkman
Okay, I don’t know about you, but whenever I read news about some new development in the real estate market, my first instinct is to say, “What does this mean to me?”  Hey I’m not proud of it, but that’s just how I’m wired.
This past two weeks we read that:
(1)  GMAC and JPMorgan Chase [...]

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Grumblings of a slum lord in the post-bust environment

Friday, September 24th, 2010

Guest post by Brian Blum, Operating Manager, Maverick Structures LLC
I’m a real estate investor.  I see opportunities in buildings – and in numbers, and I use those opportunities to create income and equity.  What I do benefits society, but I’m not going to lie to you – I am driven to do it for my [...]

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The sweet spot

Thursday, September 16th, 2010

Clay Sparkman
We are always looking for the sweet spot these days in the real estate market.  And by sweet spot, I mean that realm of  investments that are on balance less risky and more likely to turn a profit in what is otherwise a jaded real estate market.
I have gone on a bit in my [...]

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A brief unofficial analysis of the private money market for investors

Tuesday, July 13th, 2010

Clay Sparkman
The national economy is in a state of confusion and the local economy is in a state of confusion. So what does this mean for the market for investing in trust deed based loans?
Well of course nobody really knows–and this is just my take on it–but here goes:  First of all, let’s talk briefly [...]

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Question: what will it take to get the banks to lend?

Monday, June 14th, 2010

Clay Sparkman
Back in January, in my post entitled, “Won’t somebody please call a plumber … the banks are clogged,” I addressed what I consider to be the essential question regarding what it will take to get the real estate economy on track and moving in the right direction assertively and with confidence again.
And now, nearly [...]

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Those who shorted subprime

Monday, May 24th, 2010

Clay Sparkman
I just recently finished reading The Greatest Trade Ever, the 2009 book by Wall Street Journal reporter Gregory Zuckerman.  It is a terrific read.  I really enjoyed it.  It evolves primarily around John Paulson, and tells the story of how he managed to make billions of dollars for himself and his hedge fund investors [...]

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Is Oregon next?

Thursday, February 18th, 2010

Clay Sparkman
After many years of holding relatively firm, the real estate market in the Pacific Northwest may be in trouble.  The following informative piece was printed yesterday at Business Insider.  Make sure to follow the “Check out how bad Oregon has become” link and the 14 slides that accompany the article.
http://www.businessinsider.com/oregons-expanding-foreclosure-rate-could-make-it-the-next-california-2010-2
What does this mean for [...]

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Won’t somebody please call a plumber … the banks are clogged

Tuesday, January 5th, 2010

Clay Sparkman
One of my dear good readers sent the following e-mail in response to my last post, Home strippers coming to a neighborhood near you.
“Good topic Clay.  Now forgetting about us private lenders, the conventional lenders continue to be their own worst enemies.  They persist in bringing the properties to the city hall steps at 40% over [...]

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Commercial real estate tsunami?

Sunday, December 6th, 2009

Clay Sparkman
There has been quite a bit of talk in 2009 about the possibility of a meltdown in the market for commercial real estate.  I came across some statistics recently that were quite astounding in support of the idea that a wave of commercial defaults is coming.  It is estimated, apparently, that there is currently [...]

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