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

What the media is saying about private money markets

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 I felt was seriously off the mark. So, here are a few that you might want to look at:
From that essential resource, The Scotsman Guide: “There are five key things brokers must keep in mind when seeking new construction loans from hard-money lenders.”
From the Wall Street Journal: “As banks continue tightening their purse strings, hard-money lenders are pouncing on the opportunity to lend to shunned borrowers.”
From the Puget Sound Business Journal: The pace of multifamily investments in the greater Seattle area shot up 87 percent last year, and that growth is expected to continue in 2013.”
From a blog, “Short Sale Superstars”: “The extended recession in the US has left many homeowners remain in a position where they cannot patch up their mortgage. As these homeowners look for a good way to keep their properties many come across the term hard money loan. The natural idea is to think that a hard money loan could possibly allow you to refinance your home and keep it.”
From PRWeb: “After tentatively testing the water in 2011, Private Money increased their overall lending for commercial real estate throughout the country in 2012 with total loan origination at year-end up 9% year-over-year. Multifamily property loans showed the biggest gain, ending 2012 up 22% from 2011. Surprisingly, retail property showed great recovery with loan origination up 17% year-over-year.”
So there you are. I hope you found some of these articles to be interesting or useful, or both. I encourage you to share with the group any articles that you feel might be appreciated here. Likewise, feel free to comment on the articles I just posted.

— 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 Oregon and Washington, with potential to loan in:  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

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