You are receiving this letter because you are one of my Spartans - my top-producing brokers and investor clients - of whom I am allowed to have 300. Removal instructions are below. Today we'll chat about the difference between a trust deed and a mortgage. And, of course, like always, we have lots of cute, clean jokes, several funny pics, and an interesting video for you.

Joke Du Jour

A young man visiting a dude ranch wanted to be macho, so he went out walking with one of the hired hands. As they were walking through the barnyard, the visitor tried to begin a conversation, "Say, look at that big bunch of cows." The hired hand replied, "Not 'bunch,' but 'herd.'" "Heard what?" "Herd of cows." "Sure, I've heard of cows...there's a big bunch of 'em right over there.”

This Neighborhood Is Getting Rough...

Private Money Commercial Loans Nationwide From $100,000 to $3.5MM

Is your client's commercial property partially vacant? Do you need a lender who will allow the seller to carry back a second mortgage? Does your client have a balloon payment coming due on his commercial property? Has your bank offered him a discounted pay-off? Does your borrower have less-than-stellar credit? Is your client's company losing money? We make slightly scratched-and-dented commercial loans.

We approved a blanket loan this month where a physician was trying to buy back her medical office building that she had already lost in foreclosure.

Our hot, new product is a blanket loan against a portfolio of rental homes. Rental homes? Yup, as long as there are at least five homes or units, we consider this to be a commercial loan. We even offer a partial release clause. This loan is ideal for speculators.

Here is our latest rate sheet.

Blackburne & Sons is looking for commercial real estate loans that are not quite clean enough for a bank. Please click here to submit a hard money commercial loan or call me, Tom Blackburne, at (574) 210-6686.

Stoning Joke

The crowd had cornered a woman and was preparing to stone her. Jesus raised his hand and spoke, "Let he among you who is without sin cast the first stone." From the back of the crowd a small woman picked up a huge rock and staggered toward the poor victim. Jesus pointed a finger at her and said, "Stop it, MOM! I'm trying to make a point here.”

Trust Deeds Vs. Mortgages

I wrote a blog article this week about the difference between the two, but in a nutshell, it all boils down to this: The foreclosure of a trust deed does not involve the courts. The Trustee - a private party or a private company - simply sends out the required notices, waits the required time period, and then conduct the Trustee's Sale.

Notice that in the foreclosure of a trust deed that no slow-pokey governmental officials were involved. Therefore the process is much, much faster.

Why do you care? Hard money commercial lenders can be far more aggressive in trust deed states than in mortgage states.

Kids Joke

"Pope Francis said that married people should have more kids. When asked for comment, married people said the Pope should have a kid and then get back to us." -- Conan O’Brien

Preferred Equity

If an investor wants to buy a leased commercial property, banks today will seldom lend more 58% to 62% LTV. Your buyer only wants to put down 25% of the purchase price

Quick, easy preferred equity from Blackburne & Sons fills in the missing piece of the capital stack. For more information, please call Tom Blackburne at (574) 210-6686.

Insider Trading Joke

This week it was announced that golfer Phil Mickelson is under investigation by the FBI for insider trading of Clorox stock. By the way, insider trading of Clorox stock by a professional golfer is the whitest collar crime possible. -- Seth Meyers

The Feelings Are Not Mutual...

New Apartment Program for "A" Deals

Because we have been in the commercial mortgage business for over 34 years, and because we own CommercialMortgage.com, Blackburne & Sons has been allowed to join just five other mortgage bankers to offer an incredible new apartment loan program for "A" quality deals. These loans close in our name and are sold to an institutional investor which purchased almost $400 million in apartment loans last year.

The rate is adjusted according to the desirability of the property and the area, but it starts at 3.87% and 1 point for a 30-year fully-amortized loan. For more details, please call Tom Blackburne at (574) 210-6686.

Zipper Joke

In a crowded city at a busy bus stop, a woman who was waiting for a bus was wearing a tight leather skirt. As the bus stopped and it was her turn to get on, she became aware that her skirt was too tight to allow her leg to come up to the height of the first step of the bus.

Slightly embarrassed and with a quick smile to the bus driver, she reached behind her to unzip her skirt a little, thinking that this would give her enough slack to raise her leg. Again, she tried to make the step only to discover she still couldn't. So, a little more embarrassed, she once again reached behind her to unzip her skirt a little more. For the second time, attempted the step, and, once again, and much to her chagrin, she could not raise her leg. With a little smile to the driver, she again reached behind to unzip a little more and again was unable to make the step.

About this time, a large Texan, who was standing behind her, picked her up easily by the waist and placed her gently on the step of the bus. She went ballistic and turned to the would-be Samaritan and screeched, "How dare you touch my body! I don't even know who you are!"

The Texan smiled and drawled, "Well, ma'am, normally I would agree with you, but after you unzipped my fly three times, I kinda figured we was friends."

Too Busy to Broker Commercial Loans to Us? Why Not Just Refer Them Instead? We Make It Easy!

We once paid a $21,250 referral fee. Here is our referral fee program.

Lions and Tigers and Bears, Oh My!

Watch a short video of a lion, a tiger, and a bear who were raised together and who are best friends.

On a Personal Note

One of my best friends from high school got married a few weekends back.  After an epic bachelor party, and that the even groomsmen to bridesmaid ratio...I knew the wedding was going to be a lot of fun.  Held in at a small Catholic church in downtown Indy, the 200 attendees were packed like sardines.  After only an 1 hour ceremony, which I am told is very fast for a Catholic wedding, everyone took off like race horses to the reception for the open bar.  Unfortunately, those of us in the wedding party had to hold off on the refreshments and we headed out for pictures.  

About half way through someone spotted 3 black 2015 Cadillac Escalades pulling up to the building next to the photo area.  And sure enough, Andrew Luck (starting Quarterback for the Indy Colts) steps out.  We, of course, started shouting and flagged him over.  To our disbelief, he actually listened and came over!  He was extremely polite and even took pictures with all of us.  The next morning, all the local news stations and even ESPN were talking about how Andrew Luck crashed the wedding.  The rest of that night was a blur but the whole day was one to remember!

Don't Forget About C-Loans.com

We have a whole new crop of hungry commercial lenders on C-Loans, so if you have a commercial loan you're trying to place, it takes just four minutes to submit your deal to 750 commercial lenders. And remember, C-Loans.com is free!

Mask Joke - Long But Hilarious (PG-13)

This married gal tells the story: I had lunch with two of my unmarried friends. One is engaged, one is a mistress, and I have been married for 20+ years. We were chatting about our relationships and decided to amaze our men by greeting them at the door wearing a black bra, stiletto heels and a mask over our eyes. We agreed to meet in few days and exchange notes. Here's how it all went:

My engaged friend: "The other night when my boyfriend came over, he found me with a black leather bodice, tall stilettos and a mask. He saw me and said, 'You are the woman of my dreams. I love you.' Then we made passionate love all night long."

The mistress: "Me too! The other night I met my lover at his office. I was wearing a raincoat, and under it I was only wearing the black bra, heels, and a mask over my eyes. When I opened the raincoat, he didn't say a word, but he started to tremble. We made wild love all night."

Then I had to share my story: "When my husband came home, I was wearing a black bra, black stockings, stilettos and a mask over my eyes. When he came in the door and saw me, he said ... (you're gonna love this) ... 'What's for dinner, Zorro?'"

Get a Free E-Book on CREF

This free e-book contains seven of George's best blog articles on the subject of commercial real estate finance.

Contact Information

4811 Chippendale Drive, Suite 101, Sacramento, CA 95841 telephone: (574) 210-6686 * Fax: (916) 338-2328
Real Estate Broker -- California Bureau of Real Estate -- License Number 01330173