Clay Sparkman This article was originally posted at this site in August of 2010. I feel that these essential points are so important for those seeking creative ways to get deals done that I felt I should post it again (I have made some modifications to the original article so as to bring the facts […]
Posts Tagged ‘REO funding’
Announcement: Launch of exciting new commercial program
Monday, September 9th, 2013Clay Sparkman I am pleased and excited today to launch one of the most comprehensive and competitive commercial programs that we have ever been in a position to offer. The basic parameters of this program are as follows: The program covers multifamily, mobile home parks, industrial, office, retail, developed land, raw land, and construction Coverage […]
More REO opportunites for the little guy
Thursday, September 5th, 2013Clay Sparkman As I have indicated recently, it seems that REO purchase opportunities have been tough for the little guys out there due to dominance of several ginormous buyers who are gobbling up everything they can get from the banks, I think there may be hope that this trend is beginning to shift. The following […]
Flexibility and creativity: the beauty of private money loans
Monday, June 17th, 2013Clay Sparkman This post was originally published on this site on July 6th. 2010. I feel that the information within is so important to a full understanding of private money flexibility and creativity, that I modified the document, bringing it up to date, and am publishing it here now once again. Our private money lending […]
Good advice for real estate fixer and flippers and their associates
Tuesday, June 4th, 2013Clay Sparkman As most of you know, my company (Fairfield Financial Services, LLC) does many kinds of private money loans, but our true sweet spot, I would have to say, is fix and flip properties (or fix and rent). We feel that this is a great time to be buying REO, short sale, and under […]
Minding the gap
Thursday, May 2nd, 2013Clay Sparkman It is our opinion and the opinion of many others that banks, though they’ve bounced back in certain areas, have not picked up the slack when it comes to funding rehab, construction, and development loans. I have been on about this before, so I won’t go into great detail here. I think that […]
Loan sits on desk: how the heck do I place it?
Thursday, April 18th, 2013Clay Sparkman If you are having trouble finding the ever elusive lenders that you need for your particular client transactions and projects, a web based tool known as Lendicom.com may be of interest to you. The site is geared toward commercial lending (including construction, project, and development loans), and allows borrowers and brokers to sign […]
Reminder: new program for quick flip loans
Friday, April 5th, 2013Clay Sparkman This is a re-post: As you probably know, we work with a lot of people who are doing quick flip properties/projects. That means: buying low, generally fixing up (though not always), and then selling fast, at a fair price, for a nifty profit. Until now, we have made many such loans, and we […]
What the media is saying about private money markets
Thursday, March 14th, 2013S. Clay Sparkman I spend plenty of time cruising the web for interesting articles that are relevant to the current state of hard money lending, brokering, and borrowing. I don’t always agree with everything I find, but it is useful to evaluate varying points of view, and I certainly wouldn’t pass along any article that […]
Rehab and construction loan FAQ
Thursday, February 14th, 2013Clay Sparkman One of the most promising areas at the moment for real estate investors and brokers, by all indications, is REO, short sale, rehab, and quick flip 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 […]
