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

Multifamily

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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how 2-4 unit properies might be utilized (and financed)

Wednesday, June 1st, 2016

Clay Sparkman
Here, in The Scotsman Guide, is an article with an interesting take on regulations for financing of 2-4 unit properties and how private money might be utilized in a supporting role. I thought it might interest most Brokers and RI Borrowers. (By the way, if you are not familiar with it, The Scotsman Guide [...]

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Rental property financing in 2015 and beyond

Monday, November 16th, 2015

Clay Sparkman
In this year of 2015, it seems that finding funds for rental property purchase and holding can be a bit challenging–perhaps more so than in past years.
This recent article by Corey Dutton discusses the issue, and suggests that hard money may be a good route to go in certain cases.
I happen to agree with [...]

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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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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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2013: Think construction loans

Friday, January 25th, 2013

Clay Sparkman
I rather enjoyed the following article in the www.thefiscaltimes.com (quite an impressive publication at first blush), and thought it would be a good one to share.
“Ten Real Estate Trends to Watch in 2013″
http://www.thefiscaltimes.com/Articles/2012/12/06/10-Real-Estate-Trends-to-Watch-in-2013.aspx#page1
The article begins by noting that “national home prices have been on the uptick for eight straight months,” and then goes [...]

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2013 – The year of the quick flip

Wednesday, January 23rd, 2013

Kris Gillmore and Clay Sparkman
Over the past five years we’ve all watched real estate prices come crashing down, in many cases forcing lenders to foreclose and take back the property. Although this is a sad misfortune for some, it is a tremendous opportunity for others. With regard to quick-flip investment property, we have always been of the [...]

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Auction Buyers Take Note

Monday, October 24th, 2011

Clay Sparkman
Most likely you have clients who buy distressed properties from time to time–with the intention of making a profit–and need a source of funding to fuel their activities. There are three common ways to buy distressed properties: pre-auction, auction, and post auction (generally referred to as REO). Most investors are forced to buy either [...]

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Don’t Believe Everything You Hear About Private Money

Monday, September 12th, 2011

Clay 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 [...]

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Getting Unstuck with Private Money

Friday, August 26th, 2011

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 several loans here that [...]

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Less Grumbly – A Follow-up to ‘grumblings of a slum lord in the post-bust environment’

Wednesday, October 13th, 2010

This 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 [...]

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Calling all rehabbers, short sale buyers and quick flip artists

Saturday, October 2nd, 2010

Kris Gillmore and Clay Sparkman
Over the past three years we’ve all watched real estate prices come crashing down, in many cases forcing lenders to foreclose and take back the property.  Although this is a sad misfortune for some, it is a tremendous opportunity for others.  With regard to quick-flip investment property, I have always been [...]

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Grumblings of a slum lord in the post-bust environment

Friday, September 24th, 2010

Guest 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 [...]

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