S. Clay Sparkman Once again it is spring, and that means that its time for the builders season to get underway. We finance new construction, but have also done a great many small rehab projects over the years. The numbers indicate that rehab activity is down generally over this past few years. If I were […]
Posts Tagged ‘private money loans’
Sunshine and hard money
Tuesday, March 19th, 2019Clay Sparkman Summer is just around the corner! 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 […]
Top ten reasons to consider using a different source for your private money loan
Friday, February 8th, 2019Clay Sparkman I posted this years ago. Being Friday and all, I figured it would be nice to have a laugh. Enjoy! I remember when I first came into this business 25 years ago, the general attitude toward private money–and private money lenders and brokers–was quite negative. And to a certain extent, the reputation was […]
Real estate values – what's next?
Tuesday, January 29th, 2019S. Clay Sparkman It has been quite a challenge this past dozen years predicting the movement of real estate market values. Values spike. values crash, values spike again, and then … maybe get a little squishy. Also, note the strange happenings in the national political machinery. It might be perilous to ignore this entirely. For […]
Rehab and construction loan FAQ (revised)
Friday, January 18th, 2019Clay Sparkman Here is an updated version of Fairfield’s Rehab and Construction Loan FAQ. 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. […]
Promotion: December new broker special
Friday, December 7th, 2018S. Clay Sparkman As December typically slows down, we often find ourselves torn between (a) just enjoying the holidays, and (b) keeping the business up and running at an acceptable level. (I’ve been through 24 holiday seasons with Fairfield, and it seems like it is always a challenge figuring out how to strategically approach December.) […]
Using a private money option
Monday, November 26th, 2018S. Clay Sparkman Just about every broker should have a private money option to go to. Here are a few quick tips on how to get that going. (1) Find a Lending source that you like and trust. Also, make sure that they will work with you, guiding you through the process AND giving you […]
Promotion: Quick flip loan special extended through end of 2018
Wednesday, November 7th, 2018Clay Sparkman Quick flips, rehabs, temporary acquisition loans, short sales, and bridge loans are among the many short-term loans that we most like to do. Until now, we have made many such loans, and we have done so as follows: 5 points, 12-13% interest (on most loans), a one-year term, and with no prepayment penalties. […]
Sample loan
Tuesday, October 23rd, 2018Clay Sparkman Here is an example of a loan that we recently placed. We like to give samples from time to time. Not only does this give borrowers and brokers a better idea of the kinds of things that we do, but it also gives them a nice working format for presenting new loans. Kristopher […]
Promotion: Best promotion we have offered in 54 years
Tuesday, June 5th, 2018Clay Sparkman It seems that quick flips are becoming quite common again, with the regular small-time investor. This is a favorite niche of ours. We particularly like to make these loans happen. As you probably know, we work with a lot of people who are doing quick flip properties/projects. That means: buying low, generally fixing […]
