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

Resources

Some interesting real estate and hard money loan articles

Wednesday, May 2nd, 2018

Clay Sparkman
As I go about my way, trying to make sense of real estate markets in various parts of the US and in the US in general AND trying to determine what that means for the private money loan business, I come across articles that I feel are probably share-worthy. In that spirit, I have [...]

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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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April construction loan promotion

Wednesday, April 2nd, 2014

Clay Sparkman
Now is the time to build! We at Fairfield Financial Services (FFS) are pleased to announce our new April construction loan promotion.
As a private money construction lender, we are able to provide a variety of creative solutions that are just not available via more conventional sources. If the parameters and circumstances are right, we [...]

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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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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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Private money – another perspective

Thursday, August 22nd, 2013

Clay Sparkman
I thought this was a nice piece on private money and finding sources, by Brian Kline.
How to find Money Partners for Real Estate Investing
As the real estate markets are improving, the opportunities revealing themselves, and the bank rates coming up–it seems like private money is becoming, once again, more relevant ever day that passes.
Let [...]

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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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Some private money blogs which look pretty good to me

Wednesday, April 10th, 2013

Clay Sparkman
If you read this blog regularly, you will know that I am pretty much constantly scanning the internet for resources and materials that might be of value to my readers. Recently I came across several private money blogs that look to be quite good. I’d like to share those with you.
The first blog is [...]

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Web based resources for the private money professional (re-post)

Friday, February 22nd, 2013

Clay Sparkman
I originally published this article in January of 2010. Two years later, I think it is as useful as ever. Thus the re-post (for those who missed it the first time around).

Today I will focus on a few web based tools that I have found to be useful in the business.
Let’s start locally [...]

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Where do you go to learn about private money?

Friday, January 11th, 2013

I can’t tell you how many times I have been asked by prospective private money investors, “Where do I go to learn more about this? Where are the books? Where are the articles? where are the websites”
I have generally had to shrug my shoulders and say, “You know, I don’t know.” I can’t tell you [...]

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Getting high quality loan submissions that fit your programs via Lendicom

Thursday, October 11th, 2012

Clay Sparkman
If you are a broker or borrower of real estate secured commercial money, Lendicom may be of particular interest to you. This site is geared toward commercial lending, and allows borrowers and brokers to sign up and submit specific loan proposals to lenders who have also signed up online.
Presently we have a database of 200+ [...]

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To Pre-Approve or Not to Pre-Approve

Friday, February 17th, 2012

Clay Sparkman

We’ve been getting a lot of requests for pre-approval letters lately. Many of our loan requests are for rehab loans, and it can be difficult to submit offers without an approval or proof of funds letter. Unfortunately most of our clients don’t have an extra 200K sitting around for the proof of funds, and [...]

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Submitting private money loans

Wednesday, December 7th, 2011

Clay Sparkman

One of the challenges for individuals and professionals pursuing a private money option is figuring out what information to provide for a specific loan request (and in what format).  Because the questions and issues are quite different for private money, and certainly different within the private money context depending on the type [...]

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A few useful and interesting resources for private money profesionals

Thursday, November 10th, 2011

Clay Sparkman
These days–with uncertain markets—tools and resources which provide us with information and data are more crucial than quite possibly ever before.
I am always trying to find more resources that will be of use to both me and readers of this blog. Here are a few items that have popped up [...]

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Resources – show me the good stuff!

Tuesday, March 29th, 2011

Clay Sparkman
I have long searched for resources that might be useful to those who wish to learn more about private money and hard money loans, and in the process I have become increasingly convinced that our particular niche field is somewhat of an intellectual/informational wasteland.  Every time I stumble upon an article or site that [...]

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