Posts Tagged ‘finding lenders’
Wednesday, May 9th, 2012
Clay Sparkman
Now that the Sub-Prime market for mortgages on home purchases and refinances is a thing of the past, we’re back to the situation in the ‘80’s when, if you couldn’t qualify for a black and white conventional mortgage, your only alternative was hard money. Quite frankly, now that I’ve been in this business awhile, [...]
Tags: finding lenders, hard money borrowing, hard money brokering, hard money loans, private money borrowing, private money brokering, private money loans
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Monday, March 26th, 2012
Clay Sparkman
In the current climate, it’s getting harder than ever to impress potential lenders with your client’s loan scenarios. It may be that times have changed permanently and that it will be years before lenders return to their pre-2007 comfort level. Until then I thought I would make some suggestions to help you to re-think [...]
Tags: Commercial loans, construction loans, finding lenders, hard money borrowing, hard money brokering, hard money loans, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate rental, rehab loans, REO funding, Short sales, subordinate loans
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Thursday, February 23rd, 2012
Clay Sparkman
I’d like to take this opportunity to highlight a loan that we were able to get into escrow 1 week from the time the borrower submitted his scenario. This is not something we can do every time, but very possible for a proven borrower that knows the dance. I’ll refer to this borrower as [...]
Tags: Commercial loans, construction loans, finding lenders, hard money borrowing, hard money brokering, hard money loans, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate investing, real estate rental, rehab loans, REO funding, Short sales, subordinate loans
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Friday, February 10th, 2012
Clay Sparkman
Generally speaking we are quite willing to consider small loans. We realize that we will never get rich doing small loans, but we also remember what got us where we are. The large loans can be quite fickle, coming and going as they please, but the small loans seem to be there when we [...]
Tags: Commercial loans, finding lenders, hard money borrowing, hard money brokering, hard money loans, Oregon, private money borrowing, private money brokering, private money loans
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Friday, February 3rd, 2012
Clay Sparkman
With the decline of real estate prices and concern about the global economy, there is a lot of speculation regarding the timeline of this recession. In conversations with brokers, investors, and developers throughout the country, the topic often turns to one common question: what’s going on out there? I’ve heard what the experts say, [...]
Tags: bank loans, Commercial loans, construction loans, finding lenders, hard money borrowing, hard money brokering, hard money loans, Multifamily, Oregon, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate, real estate investing, real estate rental, rehab loans, REO funding, Short sales, subordinate loans
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Wednesday, December 14th, 2011
Clay Sparkman
I firmly believe that the best way to learn about anything complex is by doing. The second best way is by example. If I could provide you with a private money loan simulator I would, but I haven’t figured out how to do that yet (though I assure you, we haven’t given up on [...]
Tags: Commercial loans, finding lenders, hard money borrowing, hard money brokering, hard money loans, Oregon, private money borrowing, private money brokering, private money loans
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Wednesday, October 26th, 2011
Clay Sparkman
This has been a tough four years for many of us, so in celebration of the anniversary of the sub-prime collapse, I thought it would be nice to start off by having a little fun. With that in mind, I have prepared a top ten list, Top Ten Ways you Know it Might be [...]
Tags: Commercial loans, construction loans, finding lenders, hard money borrowing, hard money brokering, hard money loans, Multifamily, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate investing, real estate rental, rehab loans, REO funding, Short sales
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Monday, October 24th, 2011
Clay Sparkman
Most likely you have clients who buy distressed properties from time to time–with the intention of making a profit–and need a source of funding to fuel their activities. There are three common ways to buy distressed properties: pre-auction, auction, and post auction (generally referred to as REO). Most investors are forced to buy either [...]
Tags: auction buying, finding lenders, hard money borrowing, hard money brokering, hard money loans, Idaho, Nevada, New York, Oregon, private money borrowing, private money brokering, Quick flip loans, real estate rental, rehab loans, REO funding, Short sales
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Thursday, October 20th, 2011
Clay Sparkman
As I pointed out in a previous mailing, 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 problems solving. I have put many transactions together that [...]
Tags: commercial lenders, Commercial loans, construction loans, finding lenders, hard money borrowing, hard money brokering, hard money loans, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate investing, real estate rental
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Thursday, September 22nd, 2011
Clay Sparkman
We at Fairfield Financial Services (FFS) are pleased to announce our free iPad bonus promotional program AND that we now have sources available to lend with no maximum on commercial loans in all 14 of the states that we service.
Starting Wednesday, September 27th, we are offering a free promotional iPad 2 to any broker or [...]
Tags: commercial lenders, Commercial loans, construction loans, finding lenders, free ipad, hard money brokering, hard money loans, private money brokering, private money loans, Quick flip loans, rehab loans
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Monday, September 12th, 2011
Clay Sparkman
This week I’d like to address some myths about private money, and hopefully correct some common misconceptions that seem to exist with regard to private money lending as an alternative mechanism for funding the refinance and acquisition of real estate.
Myth: As a broker, I should first try to use conventional bank financing, and if [...]
Tags: Commercial loans, construction loans, finding lenders, hard money borrowing, hard money brokering, hard money loans, Oregon, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate investing, rehab loans
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Sunday, November 7th, 2010
Guest post by Matthew Whitaker, Managing Member of Magnolia Partners, LLC and Golden Key, LLC
In December of 2007 we were faced with a decision. After three years of successfully flipping properties to low and moderate income buyers, we awoke one day with no buyers and no plan to find new ones. Our dilemma [...]
Tags: Alabama, Commercial loans, construction loans, finding lenders, Quick flip loans, real estate, real estate rental, rehab loans
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Saturday, October 23rd, 2010
Clay Sparkman
We are sending out this update to amend the rules for he iPad giveaway. We accidentally left two items out.
We at Fairfield Financial Services (FFS) are pleased to announce our free iPad bonus promotional program AND that we now have sources available to lend with no maximum on commercial loans in all 14 of [...]
Tags: commercial lenders, Commercial loans, construction loans, finding lenders, free ipad, hard money brokering, hard money loans, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate, real estate investing, rehab loans
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Saturday, October 23rd, 2010
Clay Sparkman
We at Fairfield Financial Services (FFS) are pleased to announce our free iPad bonus promotional program AND that we now have sources available to lend with no maximum on commercial loans in all 14 of the states that we service.
Starting Monday, October 25th, we are offering a free promotional iPad to any broker or [...]
Tags: commercial lenders, construction loans, finding lenders, free ipad, hard money borrowing, hard money brokering, hard money loans, private money borrowing, private money brokering, private money loans, real estate, real estate investing, rehab loans
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Friday, September 24th, 2010
Guest post by Brian Blum, Operating Manager, Maverick Structures LLC
I’m a real estate investor. I see opportunities in buildings – and in numbers, and I use those opportunities to create income and equity. What I do benefits society, but I’m not going to lie to you – I am driven to do it for my [...]
Tags: commercial lenders, Commercial loans, finding lenders, hard money borrowing, hard money loans, New York, private money borrowing, real estate, real estate investing, real estate rental
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Thursday, September 9th, 2010
Clay Sparkman
I recently posted this article on my investor blog, The Private Money Investor. Even though the article is targeted toward investors who put their money into private money loans, I think it is appropriate to post it here. After all … just look around you … this is where the game is.
I have [...]
Tags: construction loans, finding lenders, hard money borrowing, hard money brokering, hard money lending, hard money loans, Las Vegas, Nevada, private money borrowing, private money brokering, private money lending, private money loans, Quick flip loans, real estate, real estate investing, rehab loans
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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 [...]
Tags: commercial lenders, Commercial loans, construction loans, finding lenders, hard money borrowing, hard money brokering, hard money lending, hard money loans, private money borrowing, private money brokering, private money lending, private money loans, Quick flip loans, real estate, real estate investing, rehab loans, subordinate loans
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