Clay Sparkman From time to time, I post a prospectus for a loan that we are currently in the process of placing. This serves three purposes: (1) It gives readers a window into the kinds of loans that we are placing, (2) It provides an example of how are loans are initially presented, and (3) […]
Underwriting
A private money loan prospectus – Hood Canal, Washington
Friday, October 21st, 2011Private loan packaging guidelines
Sunday, October 31st, 2010Clay Sparkman One of my long term objectives with this blog is to eventually walk with you through all of the private money loan processes and procedures, from the moment of conception until death (death of course not being a bad thing in my chosen metaphor, but simply meaning loan payoff, workout, or foreclosure). This […]
A way to find qualified commercial borrowers – Lendicom.com
Monday, August 30th, 2010Clay Sparkman Most private money investors choose to work with brokers. However it is a decision that each private money investor must make independently and with great care—to use or not to use a broker. The essence of the matter I think is this. If you want a full-time job (and some investors certainly do) […]
What exactly do you want me to do for you?
Wednesday, January 20th, 2010Clay 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 […]
Twenty-five questions you must ask
Tuesday, September 15th, 2009Clay Sparkman I’m going to make a list today of twenty-five important questions that I believe an investor must ask prior to funding any private money loan transaction. I’m not going to elaborate much on each particular item here, but will drill down on each of the individual items in future posts. For the sake […]
