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

Posts Tagged ‘hard money lending’

Five potentially useful indicators of the likely movement of value

Wednesday, August 9th, 2017

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 [...]

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Sample loan in Oregon

Tuesday, April 25th, 2017

Clay Sparkman
Here is an example of a loan that we recently placed. We like to give samples from time to time. Not only does this give borrowers and brokers a better idea of the kinds of things that we do, but it also gives them a nice working template for presenting a loan.

Kristopher Gillmore
Fairfield Financial [...]

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Trust deed lending – ten mistakes you should never make and ten mistakes you must never make

Thursday, March 28th, 2013

I first published this post on The Private Money Investor Blog on Dec 19, 2009. It is clearly directed toward a private money investor audience. However, from time to time, I like to post articles on this blog which give more of that particular perspective. If you really wish to understand the private money lending [...]

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What the media is saying about private money markets

Thursday, March 14th, 2013

S. Clay Sparkman
I spend plenty of time cruising the web for interesting articles that are relevant to the current state of hard money lending, brokering, and borrowing. I don’t always agree with everything I find, but it is useful to evaluate varying points of view, and I certainly wouldn’t pass along any article that I [...]

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What exactly do you want me to do for you?

Monday, March 11th, 2013

Clay Sparkman
When evaluating loan requests, this is the fundamental question:  what exactly do you want me to do for you? It is impossible to count the number of times that I have receive loan packets or proposals that didn’t include a loan summary or any clear description of the request.  The process of evaluating a [...]

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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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Private Money – The Rules of Physics May Not Apply

Wednesday, December 12th, 2012

This article was published in The Scotsman Guide as “2 Private-Money Myths: Debunked” back around the time when the sub-prime market was just beginning to collapse.  I thought it might be of interest to some of you on this blog, and so I’m posting a slightly different version here.

Clay Sparkman

I would like to make [...]

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Good news for real estate markets: could this be the actual turn around we’ve been waiting for?

Monday, November 12th, 2012

Clay Sparkman
During the past five years we’ve–most of us who make our money in the real estate market (in one way or another)–had a pretty rough time. Certainly, few of us ever anticipated that we were in for a slump of five+ years. And, of course, there have been the false-starts along the way (several)—real [...]

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A private money loan prospectus – Hood Canal, Washington

Monday, September 24th, 2012

Clay Sparkman
(In October of 2011, I posted this item on my Private Money Investor blog. I thought it might be useful to brokers as well—the idea being so that you may (a) see how we present loans to our internal working investors, (b) gain perspective on our entire private money loan process, from start to [...]

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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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The private money lending business: likes and gripes (part III)

Friday, February 4th, 2011

Clay Sparkman
I finished Part II with a brief mention of something I quite like about the trust deed system: that is, the option (generally available) to foreclose judicially.
Before moving on, I’d like to offer you a crude little decision tree which shows how investors might go about making the decision whether to foreclose a given [...]

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The private money lending business: likes and gripes (part II)

Thursday, January 13th, 2011

Clay Sparkman
In Part I, I began a discussion of my gripes and likes regarding the private money lending business and various industry related matters, items, and issues.  I allowed myself to amble a bit far afield and concluded by mentioning a book about the legal profession which I personally found to be informing and entertaining.  [...]

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Calling all rehabbers, short sale buyers and quick flip artists

Saturday, October 2nd, 2010

Kris Gillmore and Clay Sparkman
Over the past three years we’ve all watched real estate prices come crashing down, in many cases forcing lenders to foreclose and take back the property.  Although this is a sad misfortune for some, it is a tremendous opportunity for others.  With regard to quick-flip investment property, I have always been [...]

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A view from the other side

Friday, September 17th, 2010

Clay Sparkman
Over a year ago, well before I started pecking away at this blog, I began blogging about private money and private money issues from the investor perspective.  Naturally this blog is called The Private  Money Investor.
It deals with all aspects of investing in private money loans and hard money loans secured by trust deeds [...]

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When life gives you lemons …

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 [...]

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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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The big stretch

Sunday, August 22nd, 2010

Clay Sparkman
In a prior posting, I pointed out that one of the primary advantages of private money is that it allows for creative problem solving due to the flexible nature of the beast.  I went on to discuss some of the ways in which one can often make a private money transaction work, on any [...]

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What you will only learn on the streets about how to read an appraisal (and hopefully without the scars to prove it)

Monday, August 9th, 2010

Clay Sparkman
The crucial thing that you must understand about any appraisal (or other real estate valuation instrument) is that it is only as good as its logic.  So that—in other words—you must never accept an appraisal’s conclusion regarding value without looking beyond the surface to understand the logic that leads to the conclusion and without [...]

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Ignoring the experts

Monday, August 2nd, 2010

Clay Sparkman
One thing I can tell you about private money is that the regular rules don’t work there.  And in fact, there aren’t really any rules that you can count on.  At best, there are guidelines and these vary greatly depending on the broad spectrum of particulars that define a particularly loan request.
With private money, [...]

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The language of private money

Tuesday, July 20th, 2010

Clay Sparkman
Most of you are probably familiar with the nomenclature of private money lending, but from time to time, I find myself clarifying the meaning of one or more of the essential words, acronyms or phrases.  And so I shall publish here a brief glossary of such terms for your reading enjoyment.  Consider this to [...]

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