{"id":1063,"date":"2016-10-11T13:13:50","date_gmt":"2016-10-11T20:13:50","guid":{"rendered":"http:\/\/privatemoneysource.com\/broker-blog\/?p=1063"},"modified":"2016-10-11T13:13:50","modified_gmt":"2016-10-11T20:13:50","slug":"5-things-to-know-about-private-construction-loans","status":"publish","type":"post","link":"https:\/\/privatemoneysource.com\/broker-blog\/?p=1063","title":{"rendered":"5 Things to know about private construction loans"},"content":{"rendered":"

Clay Sparkman<\/em>
\nI recently came across this five year old (but still very relevant) article written for David C. Scott for the Scotsman Guide
\n5 Things to know about private construction loans<\/a>
\nIt seems to fir pretty well with my own overall perception. As such, I thought I would publish it here and then go on to discuss our outfit and the things that you need to know about brokering\/borrowing private money from us for construction related projects. So here you go.
\nWe work with many real estate investment borrowers such as your self.\u00a0 We currently fund in OR, WA, CA, CO, MT, ID, WY, AK, OK, GA, TX, NY, FL, and NV (though we particularly favor OR, WA, CO, MT, and NV at this time)
\nI recommend that you begin by reviewing our web site in some detail.\u00a0 You will find all of the info regarding our rates, fees, criteria, etc, at www.privatemoneysource.com<\/a>.
\nIn particular, look at the FAQ for rehab and construction loans: http:\/\/www.privatemoneysource.com\/articles\/rehabfaq.php<\/a>
\nAlso, make a point of reading the following article on how we expect you to make your case for value on properties that you are buying:\u00a0 http:\/\/www.privatemoneysource.com\/articles\/comps.php<\/a>
\nOur loan programs are outlined at: http:\/\/www.privatemoneysource.com\/commercial_loans.php<\/a>
\nWe have also recently begun offering a 6 month loan at 3%, with an option to extend (assuming good pay) for an additional 6 months at 3%.
\nOur general guidelines are discussed at: http:\/\/www.privatemoneysource.com\/guidelines.php<\/a>
\nOur process is described in some detail at:
\nhttp:\/\/www.privatemoneysource.com\/process.php<\/a>
\nAnd our packaging guidelines are described in detail at the following link:
\nhttp:\/\/www.privatemoneysource.com\/packaging.php<\/a>
\nFor more information regarding our company in general see:\u00a0 http:\/\/www.privatemoneysource.com\/hard_lender.php<\/a>
\nHaving reviewed these items, you will have a much better idea how to work with us on general investment, construction, development, and rehab loans, but undoubtedly you will have questions and would like to speak with us further.\u00a0 Please either e-mail me directly with your questions (clay@privatemoneysource.com<\/a>) or call 503-476-2909.
\nAlso, if you want to submit a summary loan request, please click on the following link. It should only take a few minutes.
\nhttp:\/\/www.privatemoneysource.com\/loanproposal.php<\/a>
\n\u2013 Clay
\nClay is Vice President of Fairfield Financial, a primary source for private money since 1964.\u00a0 Fairfield is currently targeting loans in OR, WA, AK, CA, CO, ID, FL, GA, ID, MT, NV, NY, OK and TX.\u00a0 To submit a loan to Fairfield for consideration, please click on the following link: <\/em>http:\/\/www.privatemoneysource.com\/loanproposal.php<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_s2mail":""},"categories":[5,15,19],"tags":[36,37,38,42,43,46,47,48,49,50,51,53,54,55,58,59,62,63,68],"_links":{"self":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts\/1063"}],"collection":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1063"}],"version-history":[{"count":0,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts\/1063\/revisions"}],"wp:attachment":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}