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

Posts Tagged ‘Multifamily’

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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Using a private money option

Monday, November 26th, 2018

S. 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 […]

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Sample loan

Tuesday, October 23rd, 2018

Clay 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 […]

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Some interesting real estate and hard money loan articles

Wednesday, May 2nd, 2018

Clay Sparkman As I go about my way, trying to make sense of real estate markets in various parts of the US and in the US in general AND trying to determine what that means for the private money loan business, I come across articles that I feel are probably share-worthy. In that spirit, I […]

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Article: The search for a better loan

Wednesday, January 4th, 2017

Clay Sparkman This article, The Search for a Better Loan, published in Scotsman Guide, should be useful to most Brokers trying to juggle the needs and interests of investment property borrowers. Scotsman Guide is an excellent resource available online, with good articles and excellent information regarding different types of commercial money sources and particulars regarding […]

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Ask an Investor

Wednesday, December 21st, 2016

Clay Sparkman I came across the following blog posting by Jersey Digs, and felt that it would be worth passing along to interested borrowers and brokers: Ask an Investor: How did you get started? How do you make money? I hope you found that to be useful. Any feedback would be much appreciated. If you […]

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5 Things to know about private construction loans

Tuesday, October 11th, 2016

Clay Sparkman I recently came across this five year old (but still very relevant) article written for David C. Scott for the Scotsman Guide 5 Things to know about private construction loans It seems to fir pretty well with my own overall perception. As such, I thought I would publish it here and then go […]

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Musing the fix and flip

Tuesday, July 19th, 2016

Clay Sparkman I recently came across these articles while scanning the web. I don’t agree 100% with everything said, but all in all, there is some very good stuff here–and so I thought I’d share it with you. (Ever vigilant: I’m combing the web for you.) Scott Yancey’s Top 10 Fix and Flip Deal Destroyers […]

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The art of the summary

Tuesday, July 5th, 2016

Clay Sparkman The Art of the Summary Between phone calls, emails, and on-line submissions, we receive a tremendous number of loan requests. It’s pretty common for these loans to have tight deadlines, so here are three ways to speed up the process. 1)      Use the on-line proposal form and provide all the applicable information.  This form […]

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Promotional offer #2 for real estate investors

Tuesday, June 14th, 2016

Clay Sparkman We are running several new promotions, primarily aimed at real estate investors, to really get costs down on financing and thus open up the possibility for more profitable deals. Last week I put up a blog post about a 12% and 2 point offering. This week I’m putting up an alternative offer: 7% […]

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