This article was published in The Scotsman Guide as “2 Private-Money Myths: Debunked” back around the time when the sub-prime market was just beginning to collapse. I thought it might be of interest to some of you on this blog, and so I’m posting a slightly different version here. — Clay Sparkman I would like […]
Posts Tagged ‘hard money borrowing’
Private Money – The Rules of Physics May Not Apply
Wednesday, December 12th, 2012Funds available
Friday, December 7th, 2012Clay Sparkman I think most of you know my company, Fairfield Financial. I just wanted to take a moment to put in a shameless plug, and let you all know that, with the upturn in the real estate economy, we have funds available for commercial loans of all types. Our sweet spot is relatively small […]
The kinds of things we are doing – an example
Tuesday, December 4th, 2012Clay Sparkman From time to time, I like to publish the prospectus for a loan that we have placed. I do this for two reasons. One: so you can get an idea of the kinds of loans that we do, and two: so you can see how a nice tight loan presentation should look. The […]
Good news for real estate markets: could this be the actual turn around we've been waiting for?
Monday, November 12th, 2012Clay Sparkman During the past five years we’ve–most of us who make our money in the real estate market (in one way or another)–had a pretty rough time. Certainly, few of us ever anticipated that we were in for a slump of five+ years. And, of course, there have been the false-starts along the way […]
Getting high quality loan submissions that fit your programs via Lendicom
Thursday, October 11th, 2012Clay Sparkman If you are a broker or borrower of real estate secured commercial money, Lendicom may be of particular interest to you. This site is geared toward commercial lending, and allows borrowers and brokers to sign up and submit specific loan proposals to lenders who have also signed up online. Presently we have a database […]
A private money loan prospectus – Hood Canal, Washington
Monday, September 24th, 2012Clay Sparkman (In October of 2011, I posted this item on my Private Money Investor blog. I thought it might be useful to brokers as well—the idea being so that you may (a) see how we present loans to our internal working investors, (b) gain perspective on our entire private money loan process, from start […]
Hard Money – Not As Expensive As You Think
Wednesday, August 22nd, 2012Clay Sparkman We’ve had a lot of developers call us over the years to talk about construction loans for single-family homes (or fix and flip type properties). They’ve traditionally gone through banks and have enjoyed rates as low as 7% for their projects. However, these days, some of those banking relationships aren’t there anymore, so […]
In the way of good news
Monday, July 9th, 2012Clay Sparkman I am re-posting two short articles that I posted on the investor blog recently. Why? Because they are quite positive and credible in their outlooks, and I feel that we could all use a dose of optimism with regard to real estate markets about now. (It has been a long five years.) Too […]
The Doc List
Tuesday, June 19th, 2012Clay Sparkman On several occasions, I’ve discussed the importance of a good loan summary. A good loan summary is fairly crucial, as you approach us with a new loan request, as it speeds up the approval process (or denial) to a surprisingly significant degree. Given that, it seems logical to discuss how to speed up […]
No yesterday might mean Yes today
Saturday, June 2nd, 2012Clay Sparkman Private lending is a constantly changing business. The factors that drive the types of loans that we can do are as varied as the structure of the deals themselves. That’s why, despite the fact that we may have turned something down in the past, it never hurts to ask again. We are based […]
