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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
