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

Hang Tight

Clay Sparkman

As you all know, these have been difficult times for private money investors. Competition is up, rates are down, and solid opportunities are getting harder to find. The following article: Three Challenges Faced by Today’s Private Money Lenders and How to Weather Them, by Noah Brocious at Forbes, is a a very straightforward and sensible meditation on this matter. I recommend that you all take a moment to read it.

You might want to read the final paragraph twice anyway. And then keep it as your mantra for smart investing.

“The best advice I can give newer private lending institutions is this: When competition increases and you’re tempted to bend your underwriting standards to make more aggressive, higher loan-to-value loans in order to maintain market share, stick to your plan. As enticing as an instant gain in business might be, companies that stick to their guns and stay conservative will be in a much better spot when a real estate correction hits. These are the groups that will have a much better chance of making it.”

Best, Clay Sparkman, CEO

– Clay (clay@privatemoneysource.com, 503-476-2909)

Clay is Vice President of Fairfield Financial, a primary source for private money loans since 1964. Fairfield works with a broad range of private money investors, in a broker capacity, finding, underwriting, presenting, closing, servicing, and when necessary, assisting in the workout of difficult loans.

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