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

Archive for July, 2010

The language of private money

Tuesday, July 20th, 2010

Clay Sparkman
Most of you are probably familiar with the nomenclature of private money lending, but from time to time, I find myself clarifying the meaning of one or more of the essential words, acronyms or phrases.  And so I shall publish here a brief glossary of such terms for your reading enjoyment.  Consider this to [...]

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The infinite universe of private money

Friday, July 16th, 2010

Clay Sparkman and Richard Sundvall
Our private money lending programs tend to be fairly rigid with regard to LTV requirements but quite forgiving with regard to other issues.   One of the nice things about private money is that it allows for creative problem solving.   I have put many transactions together, that initially didn’t appear to be [...]

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Sunshine and hard money

Sunday, July 11th, 2010

Clay Sparkman
It is summer at last!
In the Pacific Northwest, that means it is time to play–or for those who are investing in real estate projects, perhaps the reprieve from the rain means that it’s time to get to work on purchase and rehab projects. As much as 80% of the loans that we do are [...]

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Web based resources for the private money professional

Thursday, July 1st, 2010

Clay Sparkman
Today I will focus on a few web based tools that I have found to be useful in the business.
Let’s start locally (Portland, Oregon) and then expand out from there.  A really nice little site if you are doing business in the Portland area is:
www.Portlandmaps.com
The City of Portland provides PortlandMaps.com as a new way [...]

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