{"id":1175,"date":"2018-11-07T11:21:38","date_gmt":"2018-11-07T18:21:38","guid":{"rendered":"http:\/\/privatemoneysource.com\/broker-blog\/?p=1175"},"modified":"2018-11-07T11:21:38","modified_gmt":"2018-11-07T18:21:38","slug":"promotion-quick-flip-loan-special-extended-through-end-of-2018","status":"publish","type":"post","link":"https:\/\/privatemoneysource.com\/broker-blog\/?p=1175","title":{"rendered":"Promotion: Quick flip loan special extended through end of 2018"},"content":{"rendered":"<p><em>Clay Sparkman<\/em><br \/>\nQuick flips, rehabs, temporary acquisition loans, short sales, and bridge loans are among the many short-term loans that we most like to do.<br \/>\nUntil 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.<br \/>\nLately we have had borrowers asking if we could offer a 6-month term with a lower up-front cost. The idea being that these folks could get in and out in six months or less\u2014and thus save money on the cost of capital.<br \/>\nWell, we finally have an answer to that. We are presently offering the following program:<br \/>\nSix Month Quick Flip Loan<\/p>\n<ul>\n<li>Available for quick flip loans (with or without renovation expenses involved) or any other short-term loans<\/li>\n<li>6-month term<\/li>\n<li>10-11% (depending on LTV and down-payment)<\/li>\n<li>2.5 points<\/li>\n<li>The option to extend for additional months at a rate of a half-point per month may be offered. The decision as to whether or not to offer an extension is ultimately at the lender&#8217;s discretion. Reasonable progress on the construction work will be a consideration. The Borrower must be timely on first 5 payments (paid within the grace period), and not past the balloon date.<\/li>\n<li>No prepayment penalty<\/li>\n<\/ul>\n<p>We hope you like this program, and we predict that your clients will too. Let us know if we can take a look at a particular project for you.<br \/>\n\u2013 Clay (clay@privatemoneysource.com, 503-476-2909)<br \/>\n<em>Clay 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: <\/em><a href=\"http:\/\/www.privatemoneysource.com\/loanproposal.php\">http:\/\/www.privatemoneysource.com\/loanproposal.php<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_s2mail":""},"categories":[16,19,24],"tags":[35,42,43,46,47,49,51,53,55,58,59,61,63,64,65,68],"_links":{"self":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts\/1175"}],"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=1175"}],"version-history":[{"count":0,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts\/1175\/revisions"}],"wp:attachment":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}