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

Posts Tagged ‘private money brokering’

Promotion: December new broker special

Friday, December 7th, 2018

S. Clay Sparkman
As December typically slows down, we often find ourselves torn between (a) just enjoying the holidays, and (b) keeping the business up and running at an acceptable level. (I’ve been through 24 holiday seasons with Fairfield, and it seems like it is always a challenge figuring out how to strategically approach December.)
This might [...]

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Using a private money option

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 [...]

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Promotion: Quick flip loan special extended through end of 2018

Wednesday, November 7th, 2018

Clay Sparkman
Quick flips, rehabs, temporary acquisition loans, short sales, and bridge loans are among the many short-term loans that we most like to do.
Until now, we have made many such loans, and we have done so as follows: 5 points, 12-13% interest (on most loans), a one-year term, and with no prepayment penalties.
Lately we have [...]

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Sample loan

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 [...]

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Promotion: Best promotion we have offered in 54 years

Tuesday, June 5th, 2018

Clay Sparkman
It seems that quick flips are becoming quite common again, with the regular small-time investor. This is a favorite niche of ours. We particularly like to make these loans happen.
As you probably know, we work with a lot of people who are doing quick flip properties/projects. That means: buying low, generally fixing up (though [...]

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Some interesting real estate and hard money loan articles

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 [...]

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Greatest Promo Offer by Fairfield – Private Money Loans

Wednesday, December 6th, 2017

Clay Sparkman
We at Fairfield would like to run a special loan program to give this holiday season (and the sluggish period typically coming out of it) a kick in the butt. Hey, we can celebrate with our families and friends, and still get a few things setup and ready to go in 2018, right?
Here is [...]

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House flipping wisdom worth noting

Wednesday, August 16th, 2017

Clay Sparkman
I try to keep an eye out for good information on the status of property flipping. Here are a few things that I have come across recently.
With regard to the best cities for home flipping (as of May):
The 25 Best Cities for Flipping a House
Taylor Tepper at Money
May 25, 2017
http://time.com/money/4784913/house-flipping-best-25-cities/
Another article of a [...]

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Construction Loan Proposal

Wednesday, July 26th, 2017

Clay Sparkman
We have run this construction loan program on several occasions, and we are so excited about this specific niche that we are going to run a similar promotion in honor and celebration of summer.
As a private money construction lender, we’re able to provide a variety of creative solutions that are just not available via [...]

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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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Consturction loan promotion

Tuesday, January 10th, 2017

Clay Sparkman
We have run this construction loan program on several occasions, and we are so excited about this specific niche that we are going to run a similar promotion to get the year off to a good start for all of us. After all, at least in the more moderate climates, now [...]

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Article: The search for a better loan

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 [...]

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How to Make Offers That (Nearly) Guarantee You Can’t Lose

Wednesday, December 28th, 2016

Clay Sparkman
I recently came across this article,  How to Make Offers That (Nearly) Guarantee You Can’t Lose by Sterling White, and felt that it would be worth sharing on this blog. I can’t tell you haw may times I have had investor-Borrowers come to me looking for a private money loan and when I asked [...]

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Ask an Investor

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 [...]

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Rehab and construction loan FAQ (revised) – a blog

Thursday, December 15th, 2016

Clay Sparkman
Here is an updated version of Fairfield’s Rehab and Construction Loan FAQ.
One of the most promising areas, at the moment, for real estate investors and brokers, by all indications, is REO, rehab, and quick flip of properties. The opportunity to buy distressed properties at a low price point is evident in many markets.  And yet [...]

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Top ten things brokers are sick and tired of hearing from lenders

Thursday, October 13th, 2016

Clay Sparkman
I posted this some five years ago. I thought I’d put it up again. I figured we could all use a laugh.

There are some good things happening out there, but these last three years have been tough. If you are reading this it is because you are a survivor. And as such, [...]

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5 Things to know about private construction loans

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 [...]

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Private money as a source for home mortgage loans

Wednesday, September 28th, 2016

Clay Sparkman
May articles I’ve come across lately suggest that more and more private money lenders are putting their funds into the long-term residential home market, and doing so at a fairly roate (low by private money standards). The article here–Private Lenders Remodel the Mortgage Market–is a good discussion of precisely this movement, and approaches the [...]

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Traversing the Private-Money Path

Wednesday, August 17th, 2016

Clay Sparkman
A good article in The Scotsman Money Guide, providing a a road-map through the private-lending landscape, for brokers and borrowers:

Here
By the way, if you do not already use The Scotsman Money Guide (either the online or paper version), I highly recommend it as an excellent guide to various lender resources. They do a nice [...]

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Musing the fix and flip

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 [...]

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