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

Tools

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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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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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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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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Kick some A in your CMA

Wednesday, May 18th, 2011

Clay Sparkman
One thing that Fairfield does a little differently is allow our borrowers to supply their own valuation analysis in lieu of a formal appraisal. Our acceptance of a value estimate really comes down to the comps, and we really don’t care who provides them so long as they are appropriate, we can follow the [...]

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Keeping your loans in motion

Tuesday, May 10th, 2011

S. Clay Sparkman
The most important thing about working a pipeline–as you well know–is to keep your loans in motion.  They must not stagnate.  Always move forward or bail out (gracefully of course).  This is a critical secret to success, particularly in the challenging market we face now.
If you have a file that you have been [...]

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The Art of the Summary

Wednesday, November 17th, 2010

Clay Sparkman and Kris Gilmore
Between phone calls, emails, and on-line submissions, most private money lenders/brokers/sources receive a tremendous number of loan requests.  It’s pretty common for these loans to have tight deadlines, and so we’d like to suggest three ways to speed up the process when you are submitting a private money loan request for [...]

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The ever elusive lender

Wednesday, September 1st, 2010

Clay Sparkman
If you don’t believe that lenders are getting hard to find, read this article from the New York Times:  In Hard Times, One New Bank (Double-Wide).  Kind of scary, huh?
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 [...]

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Web based resources for the private money professional

Thursday, July 1st, 2010

Clay Sparkman
Today I will focus on a few web based tools that I have found to be useful in the business.
Let’s start locally (Portland, Oregon) and then expand out from there.  A really nice little site if you are doing business in the Portland area is:
www.Portlandmaps.com
The City of Portland provides PortlandMaps.com as a new way [...]

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