Clay Sparkman
I am often asked to give potential brokers or borrowers a run-down on Fairfield Financial. What kinds of loans do we do? What is our process? What is our tme-line? what are our terms? That kind of thing. Verbally it takes a good hour to cover all the basics, so we at Fairfield have made a point of putting good information on our website to help inform and guide clients through the process. I thought it might be worth publishing a summary here, with various links to our websites, so that you could get a better feel for who we are, what we do, and how we do it.
We currently fund in OR, WA, CA, CO, MT, ID, WY, AK, OK, GA, TX, NY, FL, and NV. We do strictly private money funding, and the lion’s share of our loans are for commercial, business, or investment purposes.
To get to know better, what we do and how we work, I recommend that you begin by reviewing our web site in some detail. You will find all of the info regarding our rates, fees, criteria, etc, at www.privatemoneysource.com.
For more information regarding our company in general see: http://www.privatemoneysource.com/hard_lender.php
Our loan programs are outlined at: http://www.privatemoneysource.com/commercial_loans.php
Our general guidelines are discussed at: http://www.privatemoneysource.com/guidelines.php
Our process is described in some detail at:
http://www.privatemoneysource.com/process.php
And our packaging guidelines are described in detail at the following link:
http://www.privatemoneysource.com/packaging.php
You also might want to have a look at my blog, The Private Money Broker, at http://privatemoneysource.com/broker-blog/.
Having reviewed these items, you will have a much better idea of what Fairfield is all about. You may well have some questions at this point. If so, please either e-mail me at clay@privatemonesource.com or call me at 503-476-2909.
Also, if you are interested in submitting a high level scenario of a particular loan, consider submitting the proposal on-line at the link below. It will step you through the questions that need to be answered regarding your loan proposal, and should only take about 10-15 minutes to complete.
http://www.privatemoneysource.com/loanproposal.php
– Clay (clay@privatemoneysource.com)
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, Oregon, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate rental, rehab loans, REO funding, Short sales, subordinate loans, Washington
Do you fund Church loans ?.
We are expanding our Church Loan service to large equity Private Money Church loans that don’t meet our DSCR as noted on our website section Basic Qualifications.
If you do are you limited to certain states?
John Kucey
Hi John,
We do fund church loans from time to time. These are the states that we lend in; OR, WA, CA, CO, MT, ID, WY, AK, OK, GA, TX, NY, FL, and NV. Please call or send me an e-mail if you want to get into the particulars.
Thanks,
Clay