Volume 5, Issue 10

Newsletter Date:  August 3, 2015


COMMERCIAL LENDING NEWSLETTER

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. All hands on deck! Commercial loan busy season is about to begin. And, of course, we have lots of cute, clean jokes, some funny pics, and a hilarious video for you.

Joke Du Jour

A guy sits down at the bar and orders drink after drink. "Is everything okay, pal?" the bartender finally asks. "My wife and I got into a fight, and she said she isn't talking to me for a month!" Trying to put a positive spin on things, the bartender says, "Well, maybe that's kind of a good thing. You know, ..a little peace and quiet?" "Yeah, but today is the last day!"

Men Are Such Tramps

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? Is your borrower a foreign national? Do you need a non-recourse loan? We make slightly scratched-and-dented commercial loans.

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.

And don't forget, we will quickly and happily issue you a written Loan Approval Letter - at no charge - that you can use as a fallback and to lure cheaper lenders. After all, everyone wants to lend to you if you already have a commitment. 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.

Gas Men Joke

Two gas company servicemen, a senior training supervisor and a young trainee, were out checking meters in a suburban neighborhood. They parked their truck at the end of the alley and worked their way to the other end. At the last house a woman looking out her kitchen window watched the two men as they checked her gas meter. Finishing the meter check, the senior supervisor challenged his younger co-worker to a foot race down the alley back to the truck to prove that an older guy could outrun a younger one. As they came running up to the truck, they realized the lady from that last house was huffing and puffing right behind them. They stopped and asked her what was wrong. Gasping for breath, she replied, "When I see two gas men running as hard as you two were, I figured I'd better run too!"

Busy Season For Commercial Loans Is Poised To Begin

Summer is almost over. Kids are returning to school, and investors will soon be ready to get back to work. Starting around the second week in September, you will see commercial loan demand increase dramatically. You can expect to be extremely busy taking commercial loan applications.

What I am about to share with you is very important:

Commercial real estate loan demand predictably spikes every year around September 15th, and the mad rush continues until around November 15th. My own private money commercial mortgage company, Blackburne & Sons, does a full 40% percent of its commercial lending volume for the entire year during the mere 60-day period ending November 15th every year.

The wise commercial loan broker therefore makes sure that he schedules no vacations, no medical procedures, no conferences, no trade shows, no golf trips, and no Las Vegas trips between September 15th and November 15th every year. Even the odd vacation day at Blackburne & Sons is strictly forbidden during that 60-day stretch. This is our Christmas Season.

Need a commercial loan? Simply complete this super-easy mini-app.

Tough Crowd

Treadmill Joke

My friend hates to exercise, which means the treadmill in her bedroom barely gets used. Nevertheless, she swears by it. "It really works," she told me. "I throw my jeans over it, and they get smaller."

Sweet Apartment Loan Program for "A" Deals

Blackburne & Sons has a terrific apartment loan program for "A" quality deals. Our fixed 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.

Candidates Joke

Ohio Governor John Kasich became the 16th Republican to announce that he is running for president. During his speech he referred to Jesus Christ, which is ironic because so did Americans when they heard another Republican was running for president. -- Jimmy Fallon

Small Balance Preferred Equity ($100K to $1MM)

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. We'll add our $150,000 in equity dollars to your client's $250,000 down payment to create a down payment large enough to satisfy the bank. Think of our preferred equity as tiny Joint Venture investments.

For more information, please call Tom Blackburne at (574) 210-6686.

Whoa, Stay Away From This Lady!

Homemade Joke

A couple was spotted this past weekend walking into the ocean in North Carolina wearing homemade cages to fend off sharks. Said one of the sharks, "Wow, this really does taste homemade!" -- Seth Meyers

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.

Funny Video - Ever Spray Your Dog With a Garden Hose? Payback is a Witch.

This dog had a blast dowsing his owner!

On a Personal Note

I recently built my girlfriend a garden box in our front yard. To you, this may not sound like a big deal. But to me, someone that barely knows how to use a shovel, building this garden box was a great and surprising accomplishment. We now have tomatoes, cucumbers, jalapeno, spinach, cilantro, basil, and so much more. The work and design were simplistic, yet laborious, but having access to fresh fruit/vegetables is invaluable. Now, if only we can get our cat to stop the rabbits from stealing our produce...

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!

Final Funny

Whenever I get a package of plain M&M's, I make it my duty to continue the strength and robustness of the candy as a species. To this end, I hold M&M duels. Taking two candies between my thumb and forefinger, I apply pressure, squeezing them together until one of them cracks and splinters. That is the "loser," and I eat the inferior one immediately. The winner gets to go another round. I have found that, in general, the brown and red M&M's are tougher, and the newer blue ones are genetically inferior. I have hypothesized that the blue M&M's as a race cannot survive long in the intense theatre of competition that is the modern candy and snack-food world.

Occasionally I will get a mutation, a candy that is misshapen, or pointier, or flatter than the rest. Almost invariably this proves to be a weakness, but on very rare occasions it gives the candy extra strength. In this way, the species continues to adapt to its environment. When I reach the end of the pack, I am left with one M&M, the strongest of the herd. Since it would make no sense to eat this one as well, I pack it neatly in an envelope and send it to: M&M Mars, A Division of Mars, Inc. Hackettstown, NJ 17840-1503 U.S.A., along with a 3x5 card reading, "Please use this M&M for breeding purposes.”

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

Tom Blackburne
BRE# - 01919403
NMLS# - 1014118
BLACKBURNE & SONS REALTY CAPITAL CORPORATION
4811 Chippendale Drive, Suite 101
Sacramento, CA 95841
Phone: (574) 210-6686
Fax: (916) 338-2328
Email
: tommy@blackburne.com

 


Featured Links


Learn Commercial Finance
1Find Your Own Private Investors
Market for Commercial Loans
Fee Collection Course
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Refer Loans to C-Loans By Hand and Earn Huge Referral Fees

Just input the email address of a borrower or broker and earn one-eighth of a point at closing!  That's $1,250 for a $1 million loan.  Click here.

 

Our Training Course Includes Over 60 Minutes on Fee Collection.  No One Has Collected From More Lying, Deadbeat Borrowers Than George.  You Can Order the Fee Agreement and Collection Training Separately for $199.

Call Mick (574) 855-6292 or email him at mcarlson@blackburne.com

 

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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

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