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

construction loans

Greatest Promo Offer by Fairfield – Private Money Loans

Wednesday, December 6th, 2017

Clay Sparkman
We at Fairfield would like to run a special loan program to give this holiday season (and the sluggish period typically coming out of it) a kick in the butt. Hey, we can celebrate with our families and friends, and still get a few things setup and ready to go in 2018, right?
Here is [...]

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House flipping wisdom worth noting

Wednesday, August 16th, 2017

Clay Sparkman
I try to keep an eye out for good information on the status of property flipping. Here are a few things that I have come across recently.
With regard to the best cities for home flipping (as of May):
The 25 Best Cities for Flipping a House
Taylor Tepper at Money
May 25, 2017
http://time.com/money/4784913/house-flipping-best-25-cities/
Another article of a [...]

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Sample loan in Oregon

Tuesday, April 25th, 2017

Clay Sparkman
Here is an example of a loan that we recently placed. We like to give samples from time to time. Not only does this give borrowers and brokers a better idea of the kinds of things that we do, but it also gives them a nice working template for presenting a loan.

Kristopher Gillmore
Fairfield Financial [...]

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Consturction loan promotion

Tuesday, January 10th, 2017

Clay Sparkman
We have run this construction loan program on several occasions, and we are so excited about this specific niche that we are going to run a similar promotion to get the year off to a good start for all of us. After all, at least in the more moderate climates, now [...]

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Rehab and construction loan FAQ (revised) – a blog

Thursday, December 15th, 2016

Clay Sparkman
Here is an updated version of Fairfield’s Rehab and Construction Loan FAQ.
One of the most promising areas, at the moment, for real estate investors and brokers, 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 [...]

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5 Things to know about private construction loans

Tuesday, October 11th, 2016

Clay Sparkman
I recently came across this five year old (but still very relevant) article written for David C. Scott for the Scotsman Guide
5 Things to know about private construction loans
It seems to fir pretty well with my own overall perception. As such, I thought I would publish it here and then go on to discuss [...]

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Private money as a source for home mortgage loans

Wednesday, September 28th, 2016

Clay Sparkman
May articles I’ve come across lately suggest that more and more private money lenders are putting their funds into the long-term residential home market, and doing so at a fairly roate (low by private money standards). The article here–Private Lenders Remodel the Mortgage Market–is a good discussion of precisely this movement, and approaches the [...]

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Our sweet spot: Rehab and Constrcution loans

Thursday, April 21st, 2016

Clay Sparkman
One of the most promising areas at the moment for real estate investors and brokers, by all indications, is new construction, REO, short sale, rehab, and quick flip 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 [...]

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First of the year construction loan promotion

Friday, January 9th, 2015

Clay Sparkman
We have run this particular construction loan program on several occasions, and we are so excited about this particular niche that we are going to run a similar promotion to get the year off to a good start–for all of us. After all, at least in the more moderate climates, now is the [...]

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Flexibility and creativity: the beauty of private money loans

Wednesday, November 5th, 2014

Clay Sparkman
This post was first published on this site on July 6th. 2010.

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.  [...]

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Minding the gap

Wednesday, August 27th, 2014

Clay Sparkman
This article was originally posted at this site in May of 2013 at this site. Since then, we have seen the number of construction and fix/flip loans that we do increase significantly. This seems to be a sweet spot for the private money market. That is, we are able to fill what would otherwise [...]

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May construction loan promotion

Tuesday, April 29th, 2014

Clay Sparkman
We ran a construction loan program in April, and we are so excited about this particular niche that we are going to run the same basic promotion in May. Now is the time to build!
As a private money construction lender, we are able to provide a variety of creative solutions that are just not [...]

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Fairfield Financial – rehab and construction loans

Wednesday, March 26th, 2014

Clay Sparkman

As a follow up to my recent posting (Fairfield Financial – getting to know us), I am posting a similar resource, but one that is dedicated solely to rehab and construction loans. Since this is our sweet spot, I thought it would be appropriate to share this as well.
We work with many real [...]

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2014: Bring on the quick flip

Thursday, January 2nd, 2014

This article was originally posted on this site, on 1/23/13, as “2013: The year of the quick flip.” Did 2013 turn out to be the year of the quick flip? We certainly did our share of quick flip loans. However, I think that we failed to anticipate one thing: bulk buyers. Several very large bulk [...]

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Reminder: Quick flip loan program added

Tuesday, October 29th, 2013

Clay Sparkman
This is re-post (modified).

As you probably know, we work with a lot of people who are doing quick flip properties/projects. That means: buying low, generally fixing up (though not always), and then selling fast, at a fair price, for a nifty profit.
Until now, we have made many such [...]

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Announcement: Launch of exciting new commercial program

Monday, September 9th, 2013

Clay Sparkman
I am pleased and excited today to launch one of the most comprehensive and competitive commercial programs that we have ever been in a position to offer.
The basic parameters of this program are as follows:

The program covers multifamily, mobile home parks, industrial, office, retail, developed land, raw land, and construction
Coverage of the Western United [...]

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Flexibility and creativity: the beauty of private money loans

Monday, June 17th, 2013

Clay Sparkman
This post was originally published on this site on July 6th. 2010. I feel that the information within is so important to a full understanding of private money flexibility and creativity, that I modified the document, bringing it up to date, and am publishing it here now once again.
Our private money lending programs tend [...]

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Minding the gap

Thursday, May 2nd, 2013

Clay Sparkman
It is our opinion and the opinion of many others that banks, though they’ve bounced back in certain areas, have not picked up the slack when it comes to funding rehab, construction, and development loans.
I have been on about this before, so I won’t go into great detail here. I think that the following [...]

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Loan sits on desk: how the heck do I place it?

Thursday, April 18th, 2013

Clay Sparkman
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 as Lendicom.com may be of interest to you.  The site is geared toward commercial lending (including construction, project, and development loans), and allows borrowers and brokers to sign up [...]

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Trust deed lending – ten mistakes you should never make and ten mistakes you must never make

Thursday, March 28th, 2013

I first published this post on The Private Money Investor Blog on Dec 19, 2009. It is clearly directed toward a private money investor audience. However, from time to time, I like to post articles on this blog which give more of that particular perspective. If you really wish to understand the private money lending [...]

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