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

Archive for August, 2010

The big stretch

Sunday, August 22nd, 2010

Clay Sparkman
In a prior posting, I pointed out that one of the primary advantages of private money is that it allows for creative problem solving due to the flexible nature of the beast.  I went on to discuss some of the ways in which one can often make a private money transaction work, on any [...]

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Top ten things brokers are sick and tired of hearing from lenders

Tuesday, August 17th, 2010

Clay Sparkman
There are some good things happening out there, but these last three years have been tough.  If you are reading this it is because you are a survivor.  And as such, you will have heard it all from lenders who really don’t seem to be very interested in lending any more.  If we didn’t [...]

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What you will only learn on the streets about how to read an appraisal (and hopefully without the scars to prove it)

Monday, August 9th, 2010

Clay Sparkman
The crucial thing that you must understand about any appraisal (or other real estate valuation instrument) is that it is only as good as its logic.  So that—in other words—you must never accept an appraisal’s conclusion regarding value without looking beyond the surface to understand the logic that leads to the conclusion and without [...]

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Ignoring the experts

Monday, August 2nd, 2010

Clay Sparkman
One thing I can tell you about private money is that the regular rules don’t work there.  And in fact, there aren’t really any rules that you can count on.  At best, there are guidelines and these vary greatly depending on the broad spectrum of particulars that define a particularly loan request.
With private money, [...]

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