Clay Sparkman I recently posted this article on my investor blog, The Private Money Investor. Even though the article is targeted toward investors who put their money into private money loans, I think it is appropriate to post it here. After all … just look around you … this is where the game is. I […]
Posts Tagged ‘rehab loans’
The ever elusive lender
Wednesday, September 1st, 2010Clay Sparkman If you don’t believe that lenders are getting hard to find, read this article from the New York Times: In Hard Times, One New Bank (Double-Wide). Kind of scary, huh? If you are having trouble finding the ever elusive lenders that you need for your particular client transactions and projects, a web based […]
The big stretch
Sunday, August 22nd, 2010Clay Sparkman In a prior posting, I pointed out that one of the primary advantages of private money is that it allows for creative problem solving due to the flexible nature of the beast. I went on to discuss some of the ways in which one can often make a private money transaction work, on […]
The infinite universe of private money
Friday, July 16th, 2010Clay Sparkman and Richard Sundvall Our private money lending programs tend to be fairly rigid with regard to LTV requirements but quite forgiving with regard to other issues. One of the nice things about private money is that it allows for creative problem solving. I have put many transactions together, that initially didn’t appear to […]
Sunshine and hard money
Sunday, July 11th, 2010Clay Sparkman It is summer at last! In the Pacific Northwest, that means it is time to play–or for those who are investing in real estate projects, perhaps the reprieve from the rain means that it’s time to get to work on purchase and rehab projects. As much as 80% of the loans that we […]
Twenty-five questions you must ask
Sunday, June 27th, 2010Clay Sparkman I originally published this article in September of 2009 on my other blog—The Private Money Investor. One of the greatest challenges for private money brokers and borrowers is to understand the thinking process of the private money investor. Once you are able to get into the mind of the investor, it becomes much […]
Rehab and construction loan FAQ
Friday, June 18th, 2010Clay Sparkman One of the most promising areas at the moment for real estate investors and brokers, by all indications, is REO, rehab, and quick flip of properties. The opportunity to buy distressed properties at a low price point is evident in many markets. And yet it is difficult for most end-buyers (with a non-profit […]
