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

Posts Tagged ‘real estate investing’

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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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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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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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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Rehab and construction loan FAQ (revised)

Friday, January 18th, 2019

Clay 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. […]

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Promotion: December new broker special

Friday, December 7th, 2018

S. 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.) […]

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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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Promotion: Quick flip loan special extended through end of 2018

Wednesday, November 7th, 2018

Clay 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. […]

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