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

Archive for December, 2011

Private money – getting from point A to point D

Wednesday, December 28th, 2011

Clay Sparkman In the spirit of learning by example, I’d like to take the opportunity to describe an interesting scenario that we put together. They say that when it rains, it pours. Well, for our borrower it had been pouring for a long time. A long run of bad luck had left him in a […]

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Private Money – 5 DONT's and 5 DOs

Tuesday, December 20th, 2011

Clay Sparkman I would say that as much as 75% of our loans are initiated by third-party loan brokers.  We rely heavily on our wholesale broker relationships and dearly value the strong working relationships that we have.  As much as we love our relationships with brokers, it is an ongoing challenge to develop new relationships. […]

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Private Money Loan Simulator

Wednesday, December 14th, 2011

Clay Sparkman I firmly believe that the best way to learn about anything complex is by doing.  The second best way is by example.  If I could provide you with a private money loan simulator I would, but I haven’t figured out how to do that yet (though I assure you, we haven’t given up […]

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Submitting private money loans

Wednesday, December 7th, 2011

Clay Sparkman One of the challenges for individuals and professionals pursuing a private money option is figuring out what information to provide for a specific loan request (and in what format).  Because the questions and issues are quite different for private money, and certainly different within the private money context depending on the type of […]

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