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

Fundamentals

Flexibility and creativity: the beauty of private money loans

Wednesday, August 7th, 2019

Clay Sparkman This post was first published on this site on July 6th. 2010. Our private money lending programs tend to be fairly rigid with regard to LTV requirements but quite forgiving with regard to most other issues. One of the nice things about private money is that it allows for creative problem solving. I have put […]

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Traversing the private money path

Thursday, June 6th, 2019

The following is a re-post of a good article in The Scotsman Money Guide (2016), providing a road map through the private-lending landscape, for brokers and borrowers: Here By the way, if you do not already use The Scotsman Money Guide (either the online or paper version), I highly recommend it as an excellent guide […]

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Using a private money option

Monday, November 26th, 2018

S. Clay Sparkman Just about every broker should have a private money option to go to. Here are a few quick tips on how to get that going. (1)   Find a Lending source that you like and trust. Also, make sure that they will work with you, guiding you through the process AND giving you […]

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House flipping wisdom worth noting

Wednesday, August 16th, 2017

Clay Sparkman I try to keep an eye out for good information on the status of property flipping. Here are a few things that I have come across recently. With regard to the best cities for home flipping (as of May): The 25 Best Cities for Flipping a House Taylor Tepper at Money May 25, […]

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How to Make Offers That (Nearly) Guarantee You Can’t Lose

Wednesday, December 28th, 2016

Clay Sparkman I recently came across this article,  How to Make Offers That (Nearly) Guarantee You Can’t Lose by Sterling White, and felt that it would be worth sharing on this blog. I can’t tell you haw may times I have had investor-Borrowers come to me looking for a private money loan and when I […]

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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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Rehab and construction loan FAQ (revised) – a blog

Thursday, December 15th, 2016

Clay Sparkman Here is an updated version of Fairfield’s Rehab and Construction Loan FAQ. One of the most promising areas, at the moment, for real estate investors and brokers, by all indications, is REO, rehab, and quick flip of properties. The opportunity to buy distressed properties at a low price point is evident in many markets. […]

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The art of the summary

Tuesday, July 5th, 2016

Clay Sparkman The Art of the Summary Between phone calls, emails, and on-line submissions, we receive a tremendous number of loan requests. It’s pretty common for these loans to have tight deadlines, so here are three ways to speed up the process. 1)      Use the on-line proposal form and provide all the applicable information.  This form […]

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Private money loans – a broad perspective

Monday, June 27th, 2016

Clay Sparkman I came across this article, Private Lending Presents Opportunities for Investors by Jeff Brown, in US News. It gives a very broad perspective on private money lending. For example, it includes references crowd-sourcing and unsecured loans. I thought it might be worth sharing with you all, as you contemplate your options for non-bank […]

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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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