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

Posts Tagged ‘loan underwriting’

Two hicks from Oregon go to Malibu – a cautionary tale

Thursday, January 25th, 2018

Clay Sparkman
I first posted this Blog piece on 11.11.09 at this site.
The runway was drenched in sunlight as our plane touched down that morning at LAX.  It was a golden balmy day.  We grabbed our bags and headed for the rental car kiosks.  I don’t recall how it happened exactly, but the fellow at the [...]

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Five potentially useful indicators of the likely movement of value

Friday, August 11th, 2017

Clay Sparkman
Any good real estate investor should be attempting  to assess whether property values are rising, falling, or holding in the area of his/her latest potential investment. After all, the core question when buying investment property (particularly short-term) is, “what is value likely to do in the [...]

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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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Twenty-eight questions you must ask

Friday, October 7th, 2016

Clay Sparkman
I first wrote and published this piece in its original form in September of 2009. I am of the firm belief that the key to success (defined as: having fun and maximizing your return, two closely correlated phenomena), is rigorous and comprehensive vetting of the loan proposal. If you do this right, the rest [...]

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Leading real estate value indicators

Tuesday, August 23rd, 2016

Clay Sparkman
Of particular interest to private money investors is to analyze and spot potential trends in real estate pricing. I recently posted an article, Three potentially useful indicators of the likely movement of property values, which proposed three potential indicators to watch.
The following article, Unlike prices, real estate jobs not back at peak, published in [...]

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25 questions you must ask

Friday, January 22nd, 2016

Clay Sparkman
I originally published this article in September of 2009 on this blog.
I’m going to make a list today of twenty-five important questions that I believe an investor must ask prior to funding any private money loan transaction.  I’m not going to elaborate much on each particular item here, but will drill down on each [...]

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Loan offering in Washington state

Thursday, October 17th, 2013

Clay Sparkman
We’ve had a lot of nice solid little loans come in lately. (As you know, we have a tradition of, from time to time, presenting one of the loans that we have placed or are in the process of placing, so that blog readers can see (a) the types of loans [...]

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Rehab loan offering in Oregon

Thursday, October 3rd, 2013

S. Clay Sparkman
We’ve had a lot of nice solid little loans come in lately. As you know, we have a tradition of, from time to time, presenting one of the loans that we have placed or are in the process of placing, so that blog readers can see (a) the types of loans that we [...]

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Finding qualified commercial private money borrowers

Monday, April 22nd, 2013

Clay Sparkman
This item was originally posted on this site on 4/30/10. I had a sense that it might be relevant once again, and so I have rewritten it slightly and am posting here again. I hope you find it useful.
Most private money investors choose to work with brokers.  However it is a decision that each [...]

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Loans we are placing – example

Friday, April 5th, 2013

S. Clay Sparkman
Every now and then I like to present one of the loans that we have placed or are in the process of placing, so that blog readers can see (a) the types of loans that we are placing, and (b) how we feel that loans should be presented. Keep in mind that this [...]

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How to read an appraisal

Friday, March 29th, 2013

Clay Sparkman
This article was originally published, on The Private Money Broker Blog. on 8/9/10. Some two and a half hears later, I feel it is worthy to be modified slightly and published again. Whatever you do in the real estate business, I highly recommend that you give this post a good read.
The most [...]

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Twnety-five questions you must ask (re-post)

Friday, February 22nd, 2013

Clay Sparkman
I originally published this article on this blog in September of 2009. It is as relevant ans useful, I believe, today as it was then.

I’m going to make a list today of twenty-five important questions that I believe an investor must ask prior to funding any private money loan transaction.  I’m not [...]

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Everything you wanted to know about private money but were afraid to ask

Thursday, January 12th, 2012

Clay Sparkman
(Note: I posted the following on my broker blog recently. It is oriented to toward brokers, but at the same time, I think it would be quite useful to those trying to get a handle on investing in private money loans and trying to better understand the process.)
Private money is often [...]

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A private money loan prospectus – Hood Canal, Washington

Friday, October 21st, 2011

Clay Sparkman
From time to time, I post a prospectus for a loan that we are currently in the process of placing. This serves three purposes: (1) It gives readers a window into the kinds of loans that we are placing, (2) It provides an example of how are loans are initially presented, and (3) It [...]

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Private loan packaging guidelines

Sunday, October 31st, 2010

Clay Sparkman
One of my long term objectives with this blog is to eventually walk with you through all of the private money loan processes and procedures, from the moment of conception until death (death of course not being a bad thing in my chosen metaphor, but simply meaning loan payoff, workout, or foreclosure).
This post deals [...]

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