{"id":1213,"date":"2019-05-17T13:27:00","date_gmt":"2019-05-17T20:27:00","guid":{"rendered":"https:\/\/privatemoneysource.com\/broker-blog\/?p=1213"},"modified":"2019-05-21T20:32:39","modified_gmt":"2019-05-21T20:32:39","slug":"construction-and-rehab-loan-proposal","status":"publish","type":"post","link":"https:\/\/privatemoneysource.com\/broker-blog\/?p=1213","title":{"rendered":"Construction and rehab loan proposal"},"content":{"rendered":"

Clay Sparkman<\/em><\/p>\n

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.<\/p>\n

As a private money construction lender, we’re able to provide a variety of creative solutions that are just not available via more conventional sources. If the parameters and circumstances are right, we are also able to overlook many issues that might be problematic with more structured lenders. Small to medium construction loans are one of our sweet spots, and we are geared up to make as many as we can this construction season.<\/p>\n

Starting immediately, and for a short time, we are offering a significant cut in our construction and rehab loan rates. Our regular charge for a 12-month construction loan is 5 points and 9-11%–the rate dependent on the particulars of the loan\u2014but typically 11%.<\/p>\n

For the month of June\/July\/August 2019, we are offering (via brokers and direct to borrowers) 12-month construction and rehab loans\u2013for ground up construction priced at 3 points and 19-11% (typically 10% depending on the particulars).<\/p>\n

The conditions are as follows of this promotion are as follows
\n(1)\u00a0\u00a0 You must register with FFS by sending an e-mail to\u00a0clay@privatemoneysource.com<\/a> with \u201cREGISTER\u201d in the subject line and your name, company name, and phone number in the body of the e-mail, no later than 7\/1\/19.
\n(2)\u00a0\u00a0 You must submit a summary of your loan no later than 7\/15\/19, and FFS must approve the summary.
\n(3)\u00a0\u00a0 You must submit a complete loan packet, as required by FFS, no later than 8\/1\/19, for the loan the same loan for which you submitted a summary in July or August.
\n(4)\u00a0\u00a0 The minimum loan size for this promotion is $200,000.
\n(5)\u00a0\u00a0 The loan must close no later than 9\/15\/19.<\/p>\n

Check out our web site for details re our loan criteria, our packaging guidelines, and our process.
\nwww.privatemoneysource.com<\/a><\/p>\n

I encourage you to sign up and give it a try. The real estate market is up and rising, and we are just now entering the construction season of 2019–one that I expect to be the best we have had in quite some time.<\/p>\n

All the best in your endeavors, Clay<\/p>\n

\u2013 Clay Sparkman (clay@privatemoneysource.com<\/a>)
\nVice President of Fairfield Financial, lending since 1964.\u00a0 Currently targeting loans in Oregon and Washington, with potential to loan in:\u00a0 CO, ID, ID, MT, NV.\u00a0 To submit a loan to Fairfield Financial for consideration: <\/em>http:\/\/www.privatemoneysource.com\/loanproposal.php<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_s2mail":""},"categories":[5,16,19],"tags":[35,38,42,43,46,47,48,49,51,53,54,55,56,58,59,61,62,63,64,65,68],"_links":{"self":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts\/1213"}],"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=1213"}],"version-history":[{"count":1,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts\/1213\/revisions"}],"predecessor-version":[{"id":1216,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts\/1213\/revisions\/1216"}],"wp:attachment":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}