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 property and type of loan being requested, this is not always so easy to figure out.
Of course you are always welcome to call and discuss a specific file, or to e-mail us your questions; nonetheless, we have an additional option that is quite simple and only takes a few minutes of your time (so long as you know your file/loan).
If you have a file lying on your desk and you’re trying to figure out where to go with it or how to submit it, please consider using our online loan submission forms specifically designed for private money. Click on the following link, and you will be guided through the process of submitting a detailed private money loan proposal.
http://www.privatemoneysource.com/loanproposal.php
Go ahead and have at it. We will do our best to respond to all loan submissions within 24 hours.
We have tried to provide as much guidance as possible without being overly rigid. We are very interested in your feedback. If you have ideas regarding ways to improve this process, please let us know.
If you would like to discuss private money loans further or run a particular scenario by me, get the ball rolling by sending an e-mail to clay@privatemoneysource.com.
Otherwise, if you would like to get a better feel for our company and the types of programs we do, please browse our web site at www.privatemoneysource.com.
– Clay (clay@privatemoneysource.com, 503-476-2909)
Clay is Vice President of Fairfield Financial, a primary source for private money since 1964. Fairfield is currently targeting loans in OR, WA, AK, CA, CO, ID, FL, GA, ID, MT, NV, NY, OK and TX. To submit a loan to Fairfield for consideration: http://www.privatemoneysource.com/loanproposal.php
Tags: Commercial loans, construction loans, hard money borrowing, hard money brokering, hard money loans, Multifamily, private money borrowing, private money brokering, private money loans, Quick flip loans, rehab loans, REO funding, Short sales, subordinate loans
