{"id":596,"date":"2013-01-25T11:10:44","date_gmt":"2013-01-25T18:10:44","guid":{"rendered":"http:\/\/privatemoneysource.com\/broker-blog\/?p=596"},"modified":"2013-01-25T11:10:44","modified_gmt":"2013-01-25T18:10:44","slug":"2013-think-construction-loans","status":"publish","type":"post","link":"https:\/\/privatemoneysource.com\/broker-blog\/?p=596","title":{"rendered":"2013: Think construction loans"},"content":{"rendered":"<p><em>Clay Sparkman<\/em><br \/>\nI rather enjoyed the following article in the <a href=\"http:\/\/www.thefiscaltimes.com\">www.thefiscaltimes.com<\/a> (quite an impressive publication at first blush), and thought it would be a good one to share.<br \/>\n&#8220;Ten Real Estate Trends to Watch in 2013&#8221;<br \/>\n<a href=\"http:\/\/www.thefiscaltimes.com\/Articles\/2012\/12\/06\/10-Real-Estate-Trends-to-Watch-in-2013.aspx#page1\">http:\/\/www.thefiscaltimes.com\/Articles\/2012\/12\/06\/10-Real-Estate-Trends-to-Watch-in-2013.aspx#page1<\/a><br \/>\nThe article begins by noting that \u201cnational home prices have been on  the uptick for eight straight months,\u201d and then goes on to identify ten  areas to watch closely as probable determinants as to whether or not,  and to what extent, this upward trend will continue.<br \/>\nA key word for me, coming away from this article is \u201cconstruction.\u201d  Item #1 notes that \u201c\u2026 construction of new homes and apartments needs to  be between 1.25 and 1.5 million a year just to keep up with population  growth. But since the housing crash, new construction has been at  500,000 units or fewer for 6 years running \u2026\u201d<br \/>\nItem #10 then goes on to note that there is an immense shortage of  bank funding available for construction loans. \u201c\u2026 only 22 percent of the  country\u2019s largest banks are making them \u2026\u201d Further, they point out that  \u201cmany medium and small builders who rely on loans for regional and  community banks aren\u2019t getting the capital they need to launch  projects.\u201d<br \/>\nThey don\u2019t mention \u201cprivate money\u201d as an alternative source for such  players. They rather seem to suggest the demise or consolidation of  these smaller players. Yet, as a purveyor of such, private money is the  first thing that comes to my mind. Light bulb! Solution at hand!<br \/>\nI expect that we\u2019ll be doing more construction loans in 2013 than in  recent past years. Please feel free to comment, and let me know what you  think, with regard to that suggestion and the article in general.<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 I rather enjoyed the following article in the www.thefiscaltimes.com (quite an impressive publication at first blush), and thought it would be a good one to share. &#8220;Ten Real Estate Trends to Watch in 2013&#8221; http:\/\/www.thefiscaltimes.com\/Articles\/2012\/12\/06\/10-Real-Estate-Trends-to-Watch-in-2013.aspx#page1 The article begins by noting that \u201cnational home prices have been on the uptick for eight straight months,\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_s2mail":""},"categories":[2,5,9,13,15,17,19,21,24],"tags":[38,39,42,43,46,50,54,55,58,59,62,63,64,65],"_links":{"self":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts\/596"}],"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=596"}],"version-history":[{"count":0,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts\/596\/revisions"}],"wp:attachment":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}