Fairfield Financial Services

About Fairfield Financial Services

Fairfield Financial Services is private lender headquartered in Portland, OR. They provide funding in 11 states across the United States. They offer private commercial loans, hard money refinancing, fix-and-flip hard money loans, and short term bridge loans. Their loan parameters are flexible, including rates ranging between 10% and 13%, terms between 12 months and 60 months, and loan amounts starting at $50,000. They offer loans on numerous types of properties, including single family, multi-family, office units, retail units, industrial facilities, mixed use buildings, and apartment buildings.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Office, Retail, Industrial, Mixed Use, Apartment

Areas Served: CA, CO, FL, GA, ID, MT, NY, OK, TX, WA, WY

Licenses: NMLS #260898

Lending Guidelines for Fairfield Financial Services

Below are the general loan guidelines published on the Fairfield Financial Services website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Fairfield Financial Services.

Loan Example 1

Fairfield Financial Services makes a private money loan to Rae for a rehab project in Houston, TX, on a property that costs $340,000. The loan to value (LTV) on the loan is 50%. This means Rae will need to bring 50% of the sales price to the closing and the principle amount will be $170,000 on the loan. The terms of the deal dictate a 13% note for 18 months. They also stipulate a 2 point origination fee, that will also have to be paid upon closing.

On top of the $3,400 origination fee, Rae will also fund $170,000 of the purchase with her own money, or 50% of the sales price. she will then pay $1,842 per month to Fairfield Financial Services. If Rae achieves her goal of a $425,000 sales price when the loan expires, she would make a gross profit of $48,450 after repaying the principle amount and deducting the money she contributed at closing, the origination fee, and the total interest payments.

Loan Example 2

Fairfield Financial Services issues a hard money loan to Danielle for a renovation project in Houston, TX. The deal dictates the following:

$320,000 purchase price
80% loan to value (LTV)
12 month term
11% rate of interest
5% origination fee

After the renovation project is complete, if Danielle sells the project for $384,000, the numbers would be the following:

$384,000 sales price
- $256,000 principle (80% LTV)
- $64,000 down payment (20% on 80% LTV)
- $12,800 origination points (5% of the $256,000 principle)
- $28,160 interest payments (12 months x 11% interest)
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= $23,040 total profit (does not include taxes or rehab costs)