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

Private money loan uses

Loans we are placing – example

Monday, April 8th, 2013

S. Clay Sparkman Every now and then I like to present 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 are placing, and (b) how we feel that loans should be presented. Keep in mind that […]

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Reminder: new program for quick flip loans

Friday, April 5th, 2013

Clay Sparkman This is a re-post: 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 not always), and then selling fast, at a fair price, for a nifty profit. Until now, we have made many such loans, and we […]

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What the media is saying about private money markets

Thursday, March 14th, 2013

S. Clay Sparkman I spend plenty of time cruising the web for interesting articles that are relevant to the current state of hard money lending, brokering, and borrowing. I don’t always agree with everything I find, but it is useful to evaluate varying points of view, and I certainly wouldn’t pass along any article that […]

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Quick flipping

Thursday, February 7th, 2013

Clay Sparkman 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 not always), and then selling fast, at a fair price, for a nifty profit. Until now, we have made many such loans, and we have done so as […]

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Draw process for rehab and construction loans

Tuesday, February 5th, 2013

Clay 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), and this is mostly because banks haven’t recovered to the point where they aren’t comfortable doing construction style lending–and thus there aren’t many options […]

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2013: Think construction loans

Friday, January 25th, 2013

Clay 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 noting that “national home prices have been on the uptick for eight straight months,” […]

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2013 – The year of the quick flip

Wednesday, January 23rd, 2013

Kris Gillmore and Clay Sparkman Over the past five years we’ve all watched real estate prices come crashing down, in many cases forcing lenders to foreclose and take back the property. Although this is a sad misfortune for some, it is a tremendous opportunity for others. With regard to quick-flip investment property, we have always been of […]

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Private Money FAQ

Monday, January 7th, 2013

Clay Sparkman I try to update and publish this FAQ every once in awhile, as it is a handy guide to better understanding the market for private money loans in general–and more particularly, how we operate here at FFS, by way of example. Private money is often misunderstood. Many industry professionals know very little about […]

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The kinds of things we are doing – an example

Tuesday, December 4th, 2012

Clay Sparkman From time to time, I like to publish the prospectus for a loan that we have placed. I do this for two reasons. One: so you can get an idea of the kinds of loans that we do, and two: so you can see how a nice tight loan presentation should look. The […]

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A private money loan prospectus – Hood Canal, Washington

Monday, September 24th, 2012

Clay Sparkman (In October of 2011, I posted this item on my Private Money Investor blog. I thought it might be useful to brokers as well—the idea being so that you may (a) see how we present loans to our internal working investors, (b) gain perspective on our entire private money loan process, from start […]

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