S. Clay SparkmanJust 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 quick feedback […]
Posts Tagged ‘real estate rental’
A Typical Loan
Wednesday, December 4th, 2019Clay 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, […]
Flexibility and creativity: the beauty of private money loans
Wednesday, August 7th, 2019Clay 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 […]
Construction and rehab loan proposal
Friday, May 17th, 2019Clay 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 […]
Home rehab season is here
Friday, April 5th, 2019S. 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 […]
Sunshine and hard money
Tuesday, March 19th, 2019Clay 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 […]
Top ten reasons to consider using a different source for your private money loan
Friday, February 8th, 2019Clay 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 […]
Using a private money option
Monday, November 26th, 2018S. 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 […]
Sample loan
Tuesday, October 23rd, 2018Clay 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 […]
Promotion: Best promotion we have offered in 54 years
Tuesday, June 5th, 2018Clay Sparkman It seems that quick flips are becoming quite common again, with the regular small-time investor. This is a favorite niche of ours. We particularly like to make these loans happen. As you probably know, we work with a lot of people who are doing quick flip properties/projects. That means: buying low, generally fixing […]
