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

Private money loan uses

Where do we go from here?

Friday, January 22nd, 2021

S. Clay Sparkman What the…what just happened? Was that 2020 that just ran over our nation like a buss out of control, knocking down everything in its path? Uh, yes. Today is January 22nd, 2020! We have a new POTUS and VPOTUS in The White House. We have a new congress ruled by a razor […]

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Covid-19 be damned!

Monday, October 12th, 2020

S. Clay Sparkman Okay, so here we are. Halloween is just around the corner. (I wonder how that is going to work. One good thing: There should be plenty of masks.) But let me not deter my own intentions. So here we are: We’ve crawled through 7+ months of unanticipated and unpredictable Covid DMZs and […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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how 2-4 unit properies might be utilized (and financed)

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 […]

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Home flipping

Thursday, May 5th, 2016

Clay Sparkman As you know, our sweet spot is for loans to real estate investors. In particular, we do a lot of fix and flip, fix and hold, REO, short sale , and new construction. I feel that this recent Washington Post article, by Justin Pierce, “The four things you need to know to flip […]

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Our sweet spot: Rehab and Constrcution loans

Thursday, April 21st, 2016

Clay Sparkman One of the most promising areas at the moment for real estate investors and brokers, by all indications, is new construction, 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 […]

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