Clay Sparkman I thought that this recent article in The National Real Estate Investor would be worth sharing with the private money investors in this group. It certainly rings true with those of us at Fairfield, as we have had to work with our investors to adapt our programs and strategies to a changing market […]
Construction loans
Loan offering in Washington state
Thursday, October 17th, 2013Clay Sparkman We’ve had a lot of nice solid little loans come in lately. (As you know, we have a tradition of, from time to time, presenting one of the loans that we have placed or are in the process of placing, so that blog readers can see (a) the types of loans that we […]
Private money investors: Mind the gap
Wednesday, May 8th, 2013Clay 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 […]
Finding qualified commercial private money borrowers
Monday, April 22nd, 2013Clay Sparkman This item was originally posted on this site on 4/30/10. I had a sense that it might be relevant once again, and so I have rewritten it slightly and am posting here again. I hope you find it useful. Most private money investors choose to work with brokers. However it is a decision […]
Rehab and construction loan FAQ
Friday, February 15th, 2013Clay Sparkman One of the most promising areas at the moment for real estate investors and brokers, by all indications, is REO, short sale, rehab, and quick flip properties. The opportunity to buy distressed properties at a low price point is evident in many markets. And yet it is difficult for most end-buyers (with a […]
Draw process for rehab and construction loans
Wednesday, February 6th, 2013Clay Sparkman We plan to do as many rehab and construction loans as we can this year. We see great potential in that area. Builders are under-building (by a substantial number of units, and going back 3+ years), and this is mostly because banks haven’t recovered to the point where they are comfortable doing construction […]
What to look for in 2013
Thursday, January 24th, 2013Clay Sparkman I rather enjoyed the following article in the www.thefiscaltimes.com (quite an impressive publication at first blush), and thought it would be a good one to share. “Ten Real Estate Trends to Watch in 2013” http://www.thefiscaltimes.com/Articles/2012/12/06/10-Real-Estate-Trends-to-Watch-in-2013.aspx#page1 The article begins by noteing that “national home prices have been on the uptick for eight straight months,” […]
How to invest in private money loans when real estate markets are uncertain
Tuesday, March 1st, 2011Clay Sparkman We’ve been through nearly 3 ½ rough years in the real estate market—and projections seem to indicate that we will finally see clear up-turn in the second half of this year, but no one really knows for sure. We have managed to survive this down-time (thus far) and continue doing loans even in […]
Private 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 brief unofficial analysis of the private money market for investors
Tuesday, July 13th, 2010Clay Sparkman The national economy is in a state of confusion and the local economy is in a state of confusion. So what does this mean for the market for investing in trust deed based loans? Well of course nobody really knows–and this is just my take on it–but here goes: First of all, let’s […]
