"I am conscious that an equal division of property is impracticable. But the consequences of this enormous inequality producing so much misery to the bulk of mankind, legislators cannot invent too many devices for subdividing property, only taking care to let their subdivisions go hand in hand with the natural affections of the human mind. Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise. Whenever there is in any country, uncultivated lands and unemployed poor, it is clear that the laws of property have been so far extended as to violate natural right. The earth is given as a common stock for man to labor and live on."
First Fairfield provides consulting services nationwide and internationally for transactional, debt restructure and land use planning matters to attorneys, accountants and their clients, and companies and developers through their counsel. First Fairfield does not interact with the public directly.
The Company has recently been engaged by multiple debtors to resolve over five million dollars in defaulted Connecticut mortgage loans held by major U.S. banks.
The principals and employees of First Fairfield possess considerable experience both in acquiring and developing real estate debt on distressed properties and troubled assets and in securing land use approvals. The strong familiarity with these processes has provided the backdrop for its activities assisting in the structuring of new transactions, and in applying for and obtaining site plan and subdivision approvals for new projects. As one Company official has said, "The best way to learn how to put a deal together is to know how to take one apart."
The Company also feels a strong commitment to serve as a credible R.E.O. (Real Estate Owned), portfolio management and repositioning consulting firm in the New York-New England region, offering its services to banks, lenders and investors who have accumulated property portfolios through foreclosure and fortifies this commitment by being one of the few firms with such a strict policy of accepting no compensation until the client has received their desired results.
First Fairfield also focuses its resources on direct investment in pre-revenue companies and ventures, working with founders to develop further ideas and initiatives and providing seed money for equity financing from First Fairfield's own resources.