Fairfield Financial Services, Inc. - Private Money Loans, Lending & Borrowing

Posts Tagged ‘hard money brokering’

A Typical Loan

Wednesday, December 4th, 2019

Clay Sparkman Here is a prospectus for a loan that we placed in 2019. This is fairly typical of the types of loans that we do. We provide samples of our work several times per year.  Not only does it give borrowers and brokers a better idea of the kinds of things that we do, […]

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The private money lending business: likes and gripes (part I)

Friday, September 6th, 2019

Clay Sparkman Awhile back I published a 3-part post on my Private Money Investor blog regarding my personal likes and gripes as a purveyor in of private money.  This has been my sole job for the past 20 years.  Who wouldn’t want to go rant and rave publicly about their job?  I guess I could […]

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Flexibility and creativity: the beauty of private money loans

Wednesday, August 7th, 2019

Clay Sparkman This post was first published on this site on July 6th. 2010. Our private money lending programs tend to be fairly rigid with regard to LTV requirements but quite forgiving with regard to most other issues. One of the nice things about private money is that it allows for creative problem solving. I have put […]

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Bridging the Gap

Tuesday, July 16th, 2019

Clay Sparkman One of the most notable advantages of using private money to source your borrower’s projects is that it allows for creative problem solving due to the flexible nature of the beast.  In particular, there are a number of ways that one can often make a private money transaction work, on any given project, […]

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Traversing the private money path

Thursday, June 6th, 2019

The following is a re-post of a good article in The Scotsman Money Guide (2016), providing a road map through the private-lending landscape, for brokers and borrowers: Here By the way, if you do not already use The Scotsman Money Guide (either the online or paper version), I highly recommend it as an excellent guide […]

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Construction and rehab loan proposal

Friday, May 17th, 2019

Clay Sparkman We have run this program on several occasions, and we are so excited about this specific niche that we are going to run it again in honor and celebration of summer. As a private money construction lender, we’re able to provide a variety of creative solutions that are just not available via more […]

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Home rehab season is here

Friday, April 5th, 2019

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 […]

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Sunshine and hard money

Tuesday, March 19th, 2019

Clay 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 […]

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Top ten reasons to consider using a different source for your private money loan

Friday, February 8th, 2019

Clay 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 […]

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Real estate values – what's next?

Tuesday, January 29th, 2019

S. 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 […]

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