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
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