Posts Tagged ‘Multifamily’
Monday, November 26th, 2018
S. Clay Sparkman
Just about every broker should have a private money option to go to. Here are a few quick tips on how to get that going.
(1) Find a Lending source that you like and trust. Also, make sure that they will work with you, guiding you through the process AND giving you quick feedback [...]
Tags: Colorado, construction loans, hard money borrowing, hard money brokering, hard money loans, Idaho, Las Vegas, Montana, Multifamily, Nevada, Oregon, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate investing, real estate rental, rehab loans, REO funding, Short sales, Washington
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Tuesday, October 23rd, 2018
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 format for presenting new loans.
Kristopher Gillmore
Fairfield Financial [...]
Tags: broker referrals, 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 investing, private money loans, Quick flip loans, real estate investing, real estate rental, rehab loans
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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 [...]
Tags: commercial lenders, Commercial loans, hard money borrowing, hard money brokering, hard money loans, Idaho, Multifamily, Nevada, 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, Washington
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Wednesday, January 4th, 2017
Clay Sparkman
This article, The Search for a Better Loan, published in Scotsman Guide, should be useful to most Brokers trying to juggle the needs and interests of investment property borrowers.
Scotsman Guide is an excellent resource available online, with good articles and excellent information regarding different types of commercial money sources and particulars regarding each of [...]
Tags: auction buying, bank loans, commercial lenders, Commercial loans, construction loans, finding lenders, hard money borrowing, hard money brokering, hard money loans, Idaho, Las Vegas, Montana, Multifamily, Nevada, New York, Oregon, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate investing, real estate rental, rehab loans, REO funding, Short sales, Washington
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Wednesday, December 21st, 2016
Clay Sparkman
I came across the following blog posting by Jersey Digs, and felt that it would be worth passing along to interested borrowers and brokers:
Ask an Investor: How did you get started? How do you make money?
I hope you found that to be useful. Any feedback would be much appreciated.
If you would like to discuss [...]
Tags: auction buying, Commercial loans, construction loans, finding lenders, hard money borrowing, hard money brokering, hard money loans, Idaho, Las Vegas, Montana, Multifamily, New York, Oregon, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate investing, real estate rental, rehab loans, REO funding, Short sales, Washington
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Tuesday, October 11th, 2016
Clay Sparkman
I recently came across this five year old (but still very relevant) article written for David C. Scott for the Scotsman Guide
5 Things to know about private construction loans
It seems to fir pretty well with my own overall perception. As such, I thought I would publish it here and then go on to discuss [...]
Tags: commercial lenders, Commercial loans, construction loans, hard money borrowing, hard money brokering, hard money loans, Idaho, Las Vegas, Montana, Multifamily, Nevada, Oregon, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate rental, rehab loans, Washington
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Tuesday, July 19th, 2016
Clay Sparkman
I recently came across these articles while scanning the web. I don’t agree 100% with everything said, but all in all, there is some very good stuff here–and so I thought I’d share it with you. (Ever vigilant: I’m combing the web for you.)
Scott Yancey’s Top 10 Fix and Flip Deal Destroyers (The [...]
Tags: auction buying, Florida, hard money borrowing, hard money brokering, hard money loans, Idaho, Las Vegas, Montana, Multifamily, Nevada, New York, Oregon, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate investing, real estate rental, rehab loans, REO funding, Short sales, Washington
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Tuesday, July 5th, 2016
Clay Sparkman
The Art of the Summary
Between phone calls, emails, and on-line submissions, we receive a tremendous number of loan requests. It’s pretty common for these loans to have tight deadlines, so here are three ways to speed up the process.
1) Use the on-line proposal form and provide all the applicable information. This form can be accessed [...]
Tags: auction buying, California, commercial lenders, Commercial loans, construction loans, finding lenders, Florida, hard money borrowing, hard money brokering, hard money loans, Idaho, Las Vegas, Montana, Multifamily, Nevada, New York, Oregon, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate investing, real estate rental, rehab loans, REO funding, Short sales, Washington
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Tuesday, June 14th, 2016
Clay Sparkman
We are running several new promotions, primarily aimed at real estate investors, to really get costs down on financing and thus open up the possibility for more profitable deals. Last week I put up a blog post about a 12% and 2 point offering.
This week I’m putting up an alternative offer: 7% [...]
Tags: auction buying, California, commercial lenders, Commercial loans, construction loans, hard money borrowing, hard money brokering, hard money loans, Idaho, Las Vegas, Montana, Multifamily, Nevada, New York, Oregon, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate investing, real estate rental, rehab loans, REO funding, Short sales, Washington
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Wednesday, June 8th, 2016
Clay Sparkman
We are running a new promotion, primarily aimed at real estate investors, to really get costs down on financing and thus open up the possibility for more profitable deals.
This is the best that we have ever offered, and we are running it in order to bring in new borrowers and give them [...]
Tags: broker referrals, California, commercial lenders, Commercial loans, construction loans, hard money borrowing, hard money brokering, hard money loans, Idaho, Las Vegas, Montana, Multifamily, Nevada, New York, Oregon, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate investing, real estate rental, rehab loans, REO funding, Short sales, Washington
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Wednesday, June 1st, 2016
Clay Sparkman
Here, in The Scotsman Guide, is an article with an interesting take on regulations for financing of 2-4 unit properties and how private money might be utilized in a supporting role. I thought it might interest most Brokers and RI Borrowers. (By the way, if you are not familiar with it, The Scotsman Guide [...]
Tags: hard money borrowing, hard money brokering, hard money loans, Multifamily, private money borrowing, private money brokering, private money loans, real estate investing, real estate rental
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Thursday, May 19th, 2016
Clay Sparkman
With regard to forward thinking (that is, how is the industry changing?): I thought you might appreciate this article, Private Lending Sector Making Big Noise for Real Estate Investors, by Ben Stoodley:
Here
Certainly he is correct with regard to his interpretation of current trends, and one must wonder how far this might all go.
Comments are [...]
Tags: commercial lenders, 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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Wednesday, May 11th, 2016
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 so?” If you [...]
Tags: auction buying, bank loans, broker referrals, commercial lenders, Commercial loans, construction loans, hard money borrowing, hard money brokering, hard money loans, Multifamily, 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
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Wednesday, November 5th, 2014
Clay Sparkman
This post was first published on this site on July 6th. 2010.
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 problem solving. [...]
Tags: construction loans, hard money borrowing, hard money brokering, hard money loans, Multifamily, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate rental, rehab loans, REO funding, Short sales
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Wednesday, August 27th, 2014
Clay Sparkman
This article was originally posted at this site in May of 2013 at this site. Since then, we have seen the number of construction and fix/flip loans that we do increase significantly. This seems to be a sweet spot for the private money market. That is, we are able to fill what would otherwise [...]
Tags: California, Commercial loans, construction loans, Florida, hard money borrowing, hard money brokering, hard money loans, Idaho, Las Vegas, Montana, Multifamily, Nevada, New York, Oregon, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate investing, real estate rental, rehab loans, REO funding, Short sales, Washington
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Thursday, March 20th, 2014
Clay Sparkman
I am often asked to give potential brokers or borrowers a run-down on Fairfield Financial. What kinds of loans do we do? What is our process? What is our tme-line? what are our terms? That kind of thing. Verbally it takes a good hour to cover all the basics, so we at Fairfield have [...]
Tags: Commercial loans, construction loans, 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 rental, rehab loans, REO funding, Short sales, subordinate loans, Washington
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Thursday, October 10th, 2013
Clay Sparkman
This article was originally posted at this site in August of 2010. I feel that these essential points are so important for those seeking creative ways to get deals done that I felt I should post it again (I have made some modifications to the original article so as to bring the facts up [...]
Tags: Commercial loans, construction loans, 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, rehab loans, REO funding, Short sales, subordinate loans
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Monday, June 17th, 2013
Clay Sparkman
This post was originally published on this site on July 6th. 2010. I feel that the information within is so important to a full understanding of private money flexibility and creativity, that I modified the document, bringing it up to date, and am publishing it here now once again.
Our private money lending programs tend [...]
Tags: commercial lenders, Commercial loans, construction loans, 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, subordinate loans
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Thursday, May 2nd, 2013
Clay Sparkman
It is our opinion and the opinion of many others that banks, though they’ve bounced back in certain areas, have not picked up the slack when it comes to funding rehab, construction, and development loans.
I have been on about this before, so I won’t go into great detail here. I think that the following [...]
Tags: bank loans, 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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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 [...]
Tags: bank loans, commercial lenders, Commercial loans, construction loans, finding lenders, hard money borrowing, hard money brokering, hard money investing, hard money lending, hard money loans, Multifamily, private money borrowing, private money brokering, private money investing, private money lending, private money loans, real estate investing, real estate rental, rehab loans, REO funding, Short sales
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