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

Private money loan uses

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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Article: The search for a better loan

Wednesday, January 4th, 2017

Clay Sparkman
This article, The Search for a Better Loan, published in Scotsman Guide, should be useful to most Brokers trying to juggle the needs and interests of investment property borrowers.
Scotsman Guide is an excellent resource available online, with good articles and excellent information regarding different types of commercial money sources and particulars regarding each of [...]

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Ask an Investor

Wednesday, December 21st, 2016

Clay Sparkman
I came across the following blog posting by Jersey Digs, and felt that it would be worth passing along to interested borrowers and brokers:
Ask an Investor: How did you get started? How do you make money?
I hope you found that to be useful. Any feedback would be much appreciated.
If you would like to discuss [...]

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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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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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Home flipping

Thursday, May 5th, 2016

Clay Sparkman
As you know, our sweet spot is for loans to real estate investors. In particular, we do a lot of fix and flip, fix and hold, REO, short sale , and new construction.
I feel that this recent Washington Post article, by Justin Pierce, “The four things you need to know to flip a home.” [...]

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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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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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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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3 recent posts on hard money loans that are worth reading

Tuesday, October 21st, 2014

Clay Sparkman
Here are three three recent posts that pertain to hard money loans that will almost surely enhance your knowledge of the current state of the market.
Financing With ‘Hard Money’
Here
The Hard Money Loan Funding Process: A Guide for Rehabbers
Here
Hard Money Lenders Fear Overreach
Here
Let me know if you have any comments or questions, or if you [...]

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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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Are hard money loans worth the hassle?

Thursday, January 23rd, 2014

Clay Sparkman
I apologize for being so long between blog posts as of late. I was in Chile, with my family during the holiday, and I can tell you: it is hard to think of interesting blog posts when it is 80 degrees and sunny every day.
I came across the following post by Brian Cline. It [...]

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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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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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About hard money loans

Monday, May 20th, 2013

Clay Sparkman
There seems to be a lot of mysticism and confusion surrounding exactly what is meant by private money loans (also referred to as “hard money loans”). The boundaries have blurred a little in the past 10-15 years, but the basic idea of private money lending is that private individuals who have money to invest [...]

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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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Reminder: new program for quick flip loans

Friday, April 5th, 2013

Clay Sparkman
This is a re-post:

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 loans, and we [...]

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