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

Rehab and constuction loans

Promotion: Quick flip loan special extended through end of 2018

Wednesday, November 7th, 2018

Clay Sparkman
Quick flips, rehabs, temporary acquisition loans, short sales, and bridge loans are among the many short-term loans that we most like to do.
Until now, we have made many such loans, and we have done so as follows: 5 points, 12-13% interest (on most loans), a one-year term, and with no prepayment penalties.
Lately we have [...]

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Sample loan

Tuesday, October 23rd, 2018

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 format for presenting new loans.

Kristopher Gillmore
Fairfield Financial [...]

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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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How to Make Offers That (Nearly) Guarantee You Can’t Lose

Wednesday, December 28th, 2016

Clay Sparkman
I recently came across this article,  How to Make Offers That (Nearly) Guarantee You Can’t Lose by Sterling White, and felt that it would be worth sharing on this blog. I can’t tell you haw may times I have had investor-Borrowers come to me looking for a private money loan and when I asked [...]

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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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Musing the fix and flip

Tuesday, July 19th, 2016

Clay Sparkman
I recently came across these articles while scanning the web. I don’t agree 100% with everything said, but all in all, there is some very good stuff here–and so I thought I’d share it with you. (Ever vigilant: I’m combing the web for you.)
Scott Yancey’s Top 10 Fix and Flip Deal Destroyers (The [...]

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Article: Four things you need to flip a house

Tuesday, July 12th, 2016

Clay Sparkman
I came across this article by Justin Pierce, Four Things You Need To Flip A House, in Special to The Washington Post. It is well written and touches on some relevant/important points with regard to the matter of home-flipping. Since this is our sweet spot as a private money lender, I thought it would [...]

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Three potentially useful indicators of the likely movement of value

Wednesday, May 11th, 2016

Clay Sparkman
Any good real estate investor should be attempting  to assess whether property values are rising, falling,  or holding in the area of his/her latest potential investment. After all, the core question when buying investment property (particularly short-term) is, “what is value likely to do in the next year or so?” If you [...]

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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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Special quick flip loan program

Tuesday, January 26th, 2016

Clay Sparkman
It seems that quick flips are becoming quite common again, with the regular small time investor. This is a favorite niche of ours. We particularly like to make these loans happen.
As you probably know, we work with a lot of people who are doing quick flip properties/projects. That [...]

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The early flipper gets the worm

Thursday, January 15th, 2015

Clay Sparkman
We are running a new promotion designed to get fix and flip investors going fast in this new year. This is the best that we have ever offered, and we are running it in order to bring in new borrower and give them the maximum opportunity to succeed at their venture(s).
As a private money [...]

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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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Quick flip loan program kicks into high gear

Tuesday, July 1st, 2014

Clay Sparkman
It seems that quick flips are becoming quite common again, with the regular small time investor. We are getting all kinds of requests.
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 [...]

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