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

Posts Tagged ‘subordinate loans’

A Note on Relationships

Thursday, February 23rd, 2012

Clay Sparkman I’d like to take this opportunity to highlight a loan that we were able to get into escrow 1 week from the time the borrower submitted his scenario. This is not something we can do every time, but very possible for a proven borrower that knows the dance. I’ll refer to this borrower […]

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What's Going On Out There?

Friday, February 3rd, 2012

Clay Sparkman With the decline of real estate prices and concern about the global economy, there is a lot of speculation regarding the timeline of this recession. In conversations with brokers, investors, and developers throughout the country, the topic often turns to one common question: what’s going on out there? I’ve heard what the experts […]

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Everything you wanted to know about private money but were afraid to ask

Friday, January 6th, 2012

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 […]

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Submitting private money loans

Wednesday, December 7th, 2011

Clay 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 […]

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Private money and the question of value

Friday, November 18th, 2011

Clay 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 […]

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How to communicate your deals

Monday, February 28th, 2011

S. Clay Sparkman and Richard Sundvall There are certain key pieces of information that we need to know when we’re sizing up a deal.  Having this information when you contact us can speed up the process considerably.  Also, if you have these pieces in hand you can talk about your deal more clearly and present […]

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The ever elusive lender

Wednesday, September 1st, 2010

Clay Sparkman If you don’t believe that lenders are getting hard to find, read this article from the New York Times:  In Hard Times, One New Bank (Double-Wide).  Kind of scary, huh? If you are having trouble finding the ever elusive lenders that you need for your particular client transactions and projects, a web based […]

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The language of private money

Tuesday, July 20th, 2010

Clay Sparkman Most of you are probably familiar with the nomenclature of private money lending, but from time to time, I find myself clarifying the meaning of one or more of the essential words, acronyms or phrases.  And so I shall publish here a brief glossary of such terms for your reading enjoyment.  Consider this […]

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The infinite universe of private money

Friday, July 16th, 2010

Clay Sparkman and Richard Sundvall Our private money lending programs tend to be fairly rigid with regard to LTV requirements but quite forgiving with regard to other issues.   One of the nice things about private money is that it allows for creative problem solving.   I have put many transactions together, that initially didn’t appear to […]

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