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

Posts Tagged ‘real estate’

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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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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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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How to read an appraisal

Tuesday, November 17th, 2015

Clay Sparkman
This article was originally published, on The Private Money Broker Blog. on 8/9/10. Some 5+ years 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 [...]

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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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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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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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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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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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Squeezing loans into the box (by thinking outside the box)

Thursday, March 17th, 2011

Clay Sparkman
As you all know, sometimes we have to be creative to get loans done in this market. One of the most critical aspects of any loan (as you well know) is the Loan to Value ratio, and there are often options for reducing the LTV to make the deal more attractive.
For purchases, the seller [...]

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How to invest in private money loans when real estate markets are uncertain

Tuesday, March 1st, 2011

Clay Sparkman
We’ve been through nearly 3 ½ rough years in the real estate market—and projections seem to indicate that we will finally see clear up-turn in the second half of this year, but no one really knows for sure.  We have managed to survive this down-time (thus far) and continue doing loans even in the [...]

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An ireloquent post

Tuesday, January 11th, 2011

Clay Sparkman
A friend of mine likes to make up words.  He comes up with some pretty good ones.  A recent invention of his—ireloquent—strikes me as particularly utilitarian.  It is useful in those situations where someone is going on and on about something in the most eloquent way, but in fact has provided a response that [...]

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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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Less Grumbly – A Follow-up to ‘grumblings of a slum lord in the post-bust environment’

Wednesday, October 13th, 2010

This Guest post by Brian Blum, Operating Manager of Maverick Structures LLC,
is  a follow up to an earlier post
Sure, we each have “teams” of lawyers, Realtors, title agencies, finance people, insurance agents, and contractors working with us, but don’t kid yourself – real estate investing is largely an individual sport.  Many investors have neither receptionists [...]

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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 way to find qualified commercial borrowers – Lendicom.com

Monday, August 30th, 2010

Clay Sparkman
Most private money investors choose to work with brokers.  However it is a decision that each private money investor must make independently and with great care—to use or not to use a broker.
The essence of the matter I think is this.  If you want a full-time job (and some investors certainly do) then you [...]

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Top ten loan offerings that you may choose not to review

Monday, August 16th, 2010

Clay Sparkman
We haven’t done one of these for awhile.  There is plenty to be serious about with regard to the economy, the real estate markets, and in particular, the market for trust deeds and private money loans.   There is plenty of uncertainty in these markets.  And yet, there are also some good things happening and [...]

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Getting started with private money – the dating thing

Thursday, August 5th, 2010

Clay Sparkman
I am frequently asked by private money investors:  “… so how do we get started investing in private money loans?”  You know, there is no simple answer to this question.  I tell them that it is kind of like dating.  If we are going to do this as an investor/broker team, then they need [...]

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When life gives you lemons …

Sunday, July 18th, 2010

Clay Sparkman
I have always believed—and history seems to bear this out—that when the status quo becomes problematic, new opportunities present themselves.   Certainly the real estate economy of the past three years has proved problematic, and so as private money investors we are called upon to seek out those borrowers/investors who have encountered and successfully [...]

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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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Why title Insurance

Monday, June 28th, 2010

Provided by Corinne Akerill, Escrow Officer at First American Title

When making a loan that is to be secured by an interest in real property, the following are a few questions that a title insurance company can answer.

Does the person who wants to borrow the money have an interest in the property being offered as collateral? [...]

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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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Don’t put all your egg baskets in one egg truck

Tuesday, April 27th, 2010

Clay Sparkman
Colloquialisms are funny things.  We use them pretty much every day in our speech and in our writing and yet most of us, I suspect, though we know the meanings of the expressions, frequently don’t know why the individual words have come to mean what they mean.  Take for example: “Don’t look a gift [...]

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Top ten clues that you should probably withdraw your loan request from a particular private money lender

Tuesday, April 6th, 2010

Clay Sparkman
I remember when I first came into this business 15 years ago, the general attitude toward private money–and private money lenders and brokers–was quite negative.  And to a certain extent, the reputation was not completely unearned.  It was an industry that seemed to harbor a small handful of crooks and a great many more [...]

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The quest for a good set of comps

Saturday, March 20th, 2010

Clay Sparkman
As I have mentioned in at least one previous posting (Ten Crucial Steps in Reading an Appraisal), I am not so concerned about the bottom line value on an appraisal or property valuation as I am about the particular logic that lead to the creation of that value.  If the instrument is transparent and [...]

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An interview with Grover W. Sparkman

Thursday, March 11th, 2010

S. Clay Sparkman
Grover W. Sparkman is the President of Fairfield Financial Services, a company that he founded with his wife, Louise Sparkman, and a business partner in 1964.  He has been involved in just about every imaginable aspect of private money lending and paper brokering for nearly half a century.  He also works as a [...]

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Rehab and construction loan FAQ

Monday, March 8th, 2010

Clay Sparkman
One of the most promising areas at the moment for real estate investors, by all indications, is REO, rehab, and quick flip of properties.  The opportunity to buy distressed properties at a low price point is evident in many markets.  And yet it is difficult for most end-buyers (with a non-profit initiative) to take [...]

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