{"id":923,"date":"2015-01-15T14:35:22","date_gmt":"2015-01-15T21:35:22","guid":{"rendered":"http:\/\/privatemoneysource.com\/broker-blog\/?p=923"},"modified":"2015-01-15T14:35:22","modified_gmt":"2015-01-15T21:35:22","slug":"the-early-flipper-gets-the-worm","status":"publish","type":"post","link":"https:\/\/privatemoneysource.com\/broker-blog\/?p=923","title":{"rendered":"The early flipper gets the worm"},"content":{"rendered":"<p><em>Clay Sparkman<\/em><br \/>\nWe are running a new promotion designed to get fix and flip investors going fast in this new year. This is the best that we have ever offered, and we are running it in order to bring in new borrower and give them the maximum opportunity to succeed at their venture(s).<br \/>\nAs a private money rehab lender, we are 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 a number of issues that might be problematic   with more structured lenders. Small to medium rehab loans are  one  of our sweet spots, and we are geared up to make as many as we can  this season.<br \/>\nStarting immediately, we are offering a significant cut in our fix and flip loan rate. Our regular charge for a 12 month construction   loan is 5 points and 10-13%&#8211;the rate dependent on the particulars of   the loan\u2014but typically 12%.<br \/>\nFor the month of January\/February\/March, we are offering (via brokers  and direct to  borrowers) 9 month construction loans \u2013 for ground up  construction  priced at 3.5 points and 10-13% (typically 11-12%.). Also note that we charge no prepayment penalty.<br \/>\nThe conditions are as follows of this promotion are as follows<br \/>\n(1)\u00a0\u00a0 You must register with FFS by sending an e-mail to <a href=\"mailto:clay@privatemoneysource.com\">clay@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 1\/31\/14.<br \/>\n(2)\u00a0\u00a0 You must submit a summary of your loan no later than 2\/31\/14, and FFS must approve the summary.<br \/>\n(3)\u00a0\u00a0 You must submit a complete loan packet, as required by FFS, no   later than 3\/15\/14, for the same loan for which you submitted a   summary in January or February.<br \/>\n(4)\u00a0\u00a0 The minimum loan size for this promotion is $150,000.<br \/>\n(5)\u00a0\u00a0 The loan must close no later than 4\/15\/14.<br \/>\nCheck out our website for details re our loan criteria, our packaging guidelines, and our process.<br \/>\n<a title=\"http:\/\/www.privatemoneysource.com\" href=\"http:\/\/www.privatemoneysource.com\/\">www.privatemoneysource.com<\/a><br \/>\nI encourage you to sign up and give it a try. The real estate market   is up and rising, and we are just now entering a new fix and flip season.<br \/>\nAll the best in your endeavors, Clay<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 We are running a new promotion designed to get fix and flip investors going fast in this new year. This is the best that we have ever offered, and we are running it in order to bring in new borrower and give them the maximum opportunity to succeed at their venture(s). As a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_s2mail":""},"categories":[16,19,21],"tags":[42,43,46,53,54,55,58,59,61,63,64,65,68],"_links":{"self":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts\/923"}],"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=923"}],"version-history":[{"count":0,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts\/923\/revisions"}],"wp:attachment":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}