Short sale funding
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 […]
Tags: bank loans, commercial lenders, Commercial loans, construction loans, finding lenders, hard money borrowing, hard money brokering, hard money investing, hard money lending, hard money loans, Multifamily, private money borrowing, private money brokering, private money investing, private money lending, private money loans, real estate investing, real estate rental, rehab loans, REO funding, Short sales
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Thursday, February 14th, 2013
Clay 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 […]
Tags: construction loans, hard money borrowing, hard money brokering, hard money loans, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate rental, rehab loans, REO funding, Short sales
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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 […]
Tags: auction buying, finding lenders, hard money borrowing, hard money brokering, hard money loans, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate investing, rehab loans, REO funding, Short sales
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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 […]
Tags: hard money borrowing, hard money brokering, hard money loans, private money borrowing, private money brokering, private money loans, Quick flip loans, rehab loans, REO funding, Short sales
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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,” […]
Tags: construction loans, finding lenders, hard money borrowing, hard money brokering, hard money loans, Multifamily, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate rental, rehab loans, REO funding, Short sales
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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 […]
Tags: auction buying, construction loans, hard money borrowing, hard money brokering, hard money loans, Multifamily, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate investing, real estate rental, rehab loans, REO funding, Short sales
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Friday, December 7th, 2012
Clay Sparkman I think most of you know my company, Fairfield Financial. I just wanted to take a moment to put in a shameless plug, and let you all know that, with the upturn in the real estate economy, we have funds available for commercial loans of all types. Our sweet spot is relatively small […]
Tags: Commercial loans, construction loans, finding lenders, Florida, hard money borrowing, hard money brokering, hard money loans, Idaho, Las Vegas, Montana, Nevada, New York, Oregon, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate rental, rehab loans, REO funding, Short sales
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Wednesday, August 22nd, 2012
Clay Sparkman We’ve had a lot of developers call us over the years to talk about construction loans for single-family homes (or fix and flip type properties). They’ve traditionally gone through banks and have enjoyed rates as low as 7% for their projects. However, these days, some of those banking relationships aren’t there anymore, so […]
Tags: construction loans, hard money borrowing, hard money brokering, hard money loans, private money borrowing, private money brokering, private money loans, Quick flip loans, rehab loans, REO funding, Short sales
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Friday, January 20th, 2012
Clay Sparkman We thought a quick primer on LTV calculation for projects involving construction would be of use to most of those who utilize or broker private money. You really need to use two LTVs. We use a Front End LTV (F-LTV) as well as an After Repair Value (ARV) or Final LTV (LTV), when […]
Tags: construction loans, hard money borrowing, hard money brokering, hard money loans, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate investing, real estate rental, rehab loans, REO funding, Short sales
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Monday, October 24th, 2011
Clay Sparkman Most likely you have clients who buy distressed properties from time to time–with the intention of making a profit–and need a source of funding to fuel their activities. There are three common ways to buy distressed properties: pre-auction, auction, and post auction (generally referred to as REO). Most investors are forced to buy […]
Tags: auction buying, finding lenders, hard money borrowing, hard money brokering, hard money loans, Idaho, Nevada, New York, Oregon, private money borrowing, private money brokering, Quick flip loans, real estate rental, rehab loans, REO funding, Short sales
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