Clay Sparkman Private money is often misunderstood. Many industry professionals know very little about it, and fallacies and misconceptions tend to dominate the collective wisdom. As you know, as a subscriber to this list, I have made it my mission to try to educate professionals regarding the realities of private money. In this capacity, I […]
Posts Tagged ‘rehab loans’
Everything you wanted to know about private money but were afraid to ask
Friday, January 6th, 2012Private money – getting from point A to point D
Wednesday, December 28th, 2011Clay Sparkman In the spirit of learning by example, I’d like to take the opportunity to describe an interesting scenario that we put together. They say that when it rains, it pours. Well, for our borrower it had been pouring for a long time. A long run of bad luck had left him in a […]
Submitting private money loans
Wednesday, December 7th, 2011Clay 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 […]
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 […]
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 […]
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, […]
Getting Unstuck with Private Money
Friday, August 26th, 2011It 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 […]
