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

Private money loan examples

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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Guest Post: Private Lending—Turning Trash Into Treasure

Monday, November 30th, 2015

Clay Sparkman

I came across this blog post by Jeffrey Tesch recently. It was originally posted at cpexecutive.com on October 19, 2015. After working to articulate the various practical issues of private money for many years, I felt that it would be nice to offer a fresh voice/perspective on the matter. I contacted a representative for [...]

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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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The beauty of private money loans – when they’re right, they’re right

Wednesday, August 28th, 2013

Clay Sparkman
Historically we have placed loans in the 12-14% range, but in the current market we are finding that this may be a bit high. Especially if a lender is willing to come down to 10-11%, there are little golden nuggets of opportunity presenting themselves.
Here, by way of example, is a loan [...]

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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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Loans we are placing – example

Monday, April 8th, 2013

S. Clay Sparkman
Every now and then I like to present one of the loans that we have placed or are in the process of placing, so that blog readers can see (a) the types of loans that we are placing, and (b) how we feel that loans should be presented. Keep in [...]

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What exactly do you want me to do for you?

Monday, March 11th, 2013

Clay Sparkman
When evaluating loan requests, this is the fundamental question:  what exactly do you want me to do for you? It is impossible to count the number of times that I have receive loan packets or proposals that didn’t include a loan summary or any clear description of the request.  The process of evaluating a [...]

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The kinds of things we are doing – an example

Tuesday, December 4th, 2012

Clay Sparkman
From time to time, I like to publish the prospectus for a loan that we have placed. I do this for two reasons. One: so you can get an idea of the kinds of loans that we do, and two: so you can see how a nice tight loan presentation should look.
The prospectus which [...]

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A private money loan prospectus – Hood Canal, Washington

Monday, September 24th, 2012

Clay Sparkman
(In October of 2011, I posted this item on my Private Money Investor blog. I thought it might be useful to brokers as well—the idea being so that you may (a) see how we present loans to our internal working investors, (b) gain perspective on our entire private money loan process, from start to [...]

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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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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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Private money – getting from point A to point D

Wednesday, December 28th, 2011

Clay Sparkman
In the spirit of learning by example, I’d like to take the opportunity to describe an interesting scenario that we put together.
They say that when it rains, it pours. Well, for our borrower it had been pouring for a long time. A long run of bad luck had left him in a difficult situation, [...]

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Private Money Loan Simulator

Wednesday, December 14th, 2011

Clay 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 [...]

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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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On the art of handcrafting loans

Thursday, October 20th, 2011

Clay 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 [...]

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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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Example private money loan – turn of century coastal view home remodeling project

Tuesday, April 26th, 2011

Clay Sparkman
Because I have found that one of the best ways to learn is by way of example, I like to give frequent examples of actual loans that we have funded.  The following loan was funded quite some time ago, but is quite typical of the sort of thing that we are looking to do [...]

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Don’t get mad, get going

Thursday, March 10th, 2011

Clay 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 [...]

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How to broker private money loans when real estate markets are uncertain

Sunday, March 6th, 2011

Clay Sparkman
We’ve been through nearly 3 ½ rough years in the real estate market—and projections seem to indicate that we will finally see clear up-turn in the second half of this year, but no one really knows for sure.  We have managed to survive this down-time (all who are still present please take a moment [...]

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