I am pleased to announce that we now have a new source of funds nationwide, and for larger loans than what we have typically been able to do. The basic parameters are as follows:
ELIGIBLE LOCATIONS
Anywhere in the United States
ELIGIBLE PROPERTIES
Income producing commercial real estate properties including multifamily, but no construction
TRANSACTION SIZE
$2 million to $15 million
Max [...]
Commercial loans
FFS has new source of private money funds nationwide
Thursday, April 12th, 2012Small Is Beautiful
Friday, February 10th, 2012Clay 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 [...]
Private Money Loan Simulator
Wednesday, December 14th, 2011Clay Sparkman
I firmly believe that the best way to learn about anything complex is by doing. The second best way is by example. If I could provide you with a private money loan simulator I would, but I haven’t figured out how to do that yet (though I assure you, we haven’t given up on [...]
On the art of handcrafting loans
Thursday, October 20th, 2011Clay Sparkman
As I pointed out in a previous mailing, 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 problems solving. I have put many transactions together that [...]
Our sweet spot … our wheelhouse
Thursday, October 6th, 2011Clay Sparkman
There was November, 2007 and then there were the nearly 4 years now that followed. If you are an acting broker in this market it is because you are a survivor. Darwin’s theory—survival of the fittest—would have been more aptly named, survival of the most adaptable. If you are still here, then it is [...]
Don’t Believe Everything You Hear About Private Money
Monday, September 12th, 2011Clay Sparkman
This week I’d like to address some myths about private money, and hopefully correct some common misconceptions that seem to exist with regard to private money lending as an alternative mechanism for funding the refinance and acquisition of real estate.
Myth: As a broker, I should first try to use conventional bank financing, and if [...]
Getting Unstuck with Private Money
Friday, August 26th, 2011It is often quite difficult for professionals to get a sense of what hard money is all about and to know when it is the best option for putting a transaction together. I have found that the best way to teach is by example. So to that end I will profile several loans here that [...]
Won’t somebody please call a plumber … the banks are clogged
Tuesday, April 19th, 2011Clay Sparkman
This article was originally posted on my lender blog in January of 2010. Now, some 15 months later, it still seems pretty much timely, That worries me. I’d like to hear your thoughts on this matter. You brokers are the real experts. Please give voice.
One of my dear good readers sent the following e-mail [...]
Don’t get mad, get going
Thursday, March 10th, 2011Clay Sparkman
It is often quite difficult for professionals to get a sense of what hard money is all about and to know when it is the best option for putting a transaction together. I have found that the best way to teach is by example. So to that end I will profile some sample loans [...]
How to communicate your deals
Monday, February 28th, 2011S. Clay Sparkman and Richard Sundvall
There are certain key pieces of information that we need to know when we’re sizing up a deal. Having this information when you contact us can speed up the process considerably. Also, if you have these pieces in hand you can talk about your deal more clearly and present yourself [...]
Less Grumbly – A Follow-up to ‘grumblings of a slum lord in the post-bust environment’
Wednesday, October 13th, 2010This 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 [...]
Grumblings of a slum lord in the post-bust environment
Friday, September 24th, 2010Guest 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 [...]
The ever elusive lender
Wednesday, September 1st, 2010Clay Sparkman
If you don’t believe that lenders are getting hard to find, read this article from the New York Times: In Hard Times, One New Bank (Double-Wide). Kind of scary, huh?
If you are having trouble finding the ever elusive lenders that you need for your particular client transactions and projects, a web based tool known [...]
