It is often quite difficult for professionals to get a sense of what hard money is all about and to know when it is the best option for putting a transaction together. I have found that the best way to teach is by example. So to that end I will profile several loans here that […]
Posts Tagged ‘hard money brokering’
Kick some A in your CMA
Wednesday, May 18th, 2011Clay Sparkman One thing that Fairfield does a little differently is allow our borrowers to supply their own valuation analysis in lieu of a formal appraisal. Our acceptance of a value estimate really comes down to the comps, and we really don’t care who provides them so long as they are appropriate, we can follow […]
Keeping your loans in motion
Tuesday, May 10th, 2011S. Clay Sparkman The most important thing about working a pipeline–as you well know–is to keep your loans in motion. They must not stagnate. Always move forward or bail out (gracefully of course). This is a critical secret to success, particularly in the challenging market we face now. If you have a file that you […]
Example private money loan – turn of century coastal view home remodeling project
Tuesday, April 26th, 2011Clay Sparkman Because I have found that one of the best ways to learn is by way of example, I like to give frequent examples of actual loans that we have funded. The following loan was funded quite some time ago, but is quite typical of the sort of thing that we are looking to […]
Won’t somebody please call a plumber … the banks are clogged
Tuesday, April 19th, 2011Clay Sparkman This article was originally posted on my lender blog in January of 2010. Now, some 15 months later, it still seems pretty much timely, That worries me. I’d like to hear your thoughts on this matter. You brokers are the real experts. Please give voice. One of my dear good readers sent the […]
Off the beaten path
Tuesday, April 12th, 2011Clay Sparkman Private money might well be thought of as a multi-purpose tool–a tool for getting those tough jobs done. You might imagine it to be a Swiss Army Knife, or better yet, a Leatherman Tool. It is not for those straightforward tasks that you encounter from day to day along the beaten path. It […]
Resources – show me the good stuff!
Tuesday, March 29th, 2011Clay Sparkman I have long searched for resources that might be useful to those who wish to learn more about private money and hard money loans, and in the process I have become increasingly convinced that our particular niche field is somewhat of an intellectual/informational wasteland. Every time I stumble upon an article or site […]
Don’t get mad, get going
Thursday, March 10th, 2011Clay Sparkman It is often quite difficult for professionals to get a sense of what hard money is all about and to know when it is the best option for putting a transaction together. I have found that the best way to teach is by example. So to that end I will profile some sample […]
How to broker private money loans when real estate markets are uncertain
Sunday, March 6th, 2011Clay Sparkman We’ve been through nearly 3 ½ rough years in the real estate market—and projections seem to indicate that we will finally see clear up-turn in the second half of this year, but no one really knows for sure. We have managed to survive this down-time (all who are still present please take a […]
How to communicate your deals
Monday, February 28th, 2011S. Clay Sparkman and Richard Sundvall There are certain key pieces of information that we need to know when we’re sizing up a deal. Having this information when you contact us can speed up the process considerably. Also, if you have these pieces in hand you can talk about your deal more clearly and present […]
