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

Archive for February, 2012

A Note on Relationships

Thursday, February 23rd, 2012

Clay Sparkman

I’d like to take this opportunity to highlight a loan that we were able to get into escrow 1 week from the time the borrower submitted his scenario. This is not something we can do every time, but very possible for a proven borrower that knows the dance. I’ll refer to this borrower as [...]

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To Pre-Approve or Not to Pre-Approve

Friday, February 17th, 2012

Clay Sparkman

We’ve been getting a lot of requests for pre-approval letters lately. Many of our loan requests are for rehab loans, and it can be difficult to submit offers without an approval or proof of funds letter. Unfortunately most of our clients don’t have an extra 200K sitting around for the proof of funds, and [...]

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Small Is Beautiful

Friday, February 10th, 2012

Clay Sparkman

Generally speaking we are quite willing to consider small loans. We realize that we will never get rich doing small loans, but we also remember what got us where we are. The large loans can be quite fickle, coming and going as they please, but the small loans seem to be there when we [...]

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What’s Going On Out There?

Friday, February 3rd, 2012

Clay Sparkman
With the decline of real estate prices and concern about the global economy, there is a lot of speculation regarding the timeline of this recession. In conversations with brokers, investors, and developers throughout the country, the topic often turns to one common question: what’s going on out there? I’ve heard what the experts say, [...]

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