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 […]
Posts Tagged ‘hard money brokering’
Private money and the question of value
Friday, November 18th, 2011Clay Sparkman When it comes to private money, the rules–as you may know them–generally don’t apply. Certainly, with regard to the matter of valuing a property, most of you would do well to throw away what you’ve already learned and start over. To help you along these lines, I would like to share an article […]
A few useful and interesting resources for private money profesionals
Thursday, November 10th, 2011Clay Sparkman These days–with uncertain markets—tools and resources which provide us with information and data are more crucial than quite possibly ever before. I am always trying to find more resources that will be of use to both me and readers of this blog. Here are a few items that have popped up lately. ALTOSResearch […]
Free Lunch
Thursday, November 3rd, 2011Clay Sparkman Do you believe that there is really no such thing as a free lunch? We at Fairfield feel that we have something that comes pretty close. Just for being in the right place at the right time, mortgage professionals can earn a pretty handsome little fee. Think about referring loans to us, when […]
Top Ten Ways you know it might be time to consider private money
Wednesday, October 26th, 2011Clay Sparkman This has been a tough four years for many of us, so in celebration of the anniversary of the sub-prime collapse, I thought it would be nice to start off by having a little fun. With that in mind, I have prepared a top ten list, Top Ten Ways you Know it Might […]
On the art of handcrafting loans
Thursday, October 20th, 2011Clay Sparkman As I pointed out in a previous mailing, 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 problems solving. I have put many transactions together […]
Our sweet spot … our wheelhouse
Thursday, October 6th, 2011Clay Sparkman There was November, 2007 and then there were the nearly 4 years now that followed. If you are an acting broker in this market it is because you are a survivor. Darwin’s theory—survival of the fittest—would have been more aptly named, survival of the most adaptable. If you are still here, then it […]
Announcing: iPad 2 Bonus to Brokers Closing Loans with Fairfield
Thursday, September 22nd, 2011Clay Sparkman We at Fairfield Financial Services (FFS) are pleased to announce our free iPad bonus promotional program AND that we now have sources available to lend with no maximum on commercial loans in all 14 of the states that we service. Starting Wednesday, September 27th, we are offering a free promotional iPad 2 to any […]
Don't Believe Everything You Hear About Private Money
Monday, September 12th, 2011Clay Sparkman This week I’d like to address some myths about private money, and hopefully correct some common misconceptions that seem to exist with regard to private money lending as an alternative mechanism for funding the refinance and acquisition of real estate. Myth: As a broker, I should first try to use conventional bank financing, […]
