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

REO funding

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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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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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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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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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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More REO opportunites for the little guy

Thursday, September 5th, 2013

Clay Sparkman
As I have indicated recently, it seems that REO purchase opportunities have been tough for the little guys out there due to dominance of several ginormous buyers who are gobbling up everything they can get from the banks, I think there may be hope that this trend is beginning to shift.
The following article (”Investor [...]

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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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Good advice for real estate fixer and flippers and their associates

Tuesday, June 4th, 2013

Clay Sparkman
As most of you know, my company (Fairfield Financial Services, LLC) does many kinds of private money loans, but our true sweet spot, I would have to say, is fix and flip properties (or fix and rent). We feel that this is a great time to be buying REO, short sale, and under market [...]

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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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