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. Today we'll tell you about a great way to cut the cost of your commercial mortgage advertising in half. We
also have lots of cute, clean jokes, some funny pics, and a wonderful
update video about the pretty, young surfer who lost her left arm to a
tiger shark.
Joke Du Jour
Our
15-year-old daughter, Melanie, had to write a report for school about
World War II, specifically D-Day and the invasion of Normandy. "Isn't
there a movie about that?" she asked. I told her there was, but I
couldn't think of the name. Then it came to her, "Oh, I remember! Isn't
it something like 'Finding Private Nemo?'"
More Afraid Of You, Than You Are Of Them
Private Money Commercial Loans Nationwide From $100,000 to $3.5MM
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? Do you need a commercial loan with no prepayment
penalty? Is your client's commercial property partially vacant? Do all
of your commercial leases run out in the next 18 months? Do you need a
lender who will allow a negative cash flow? Do you need a lender who
will also look at the borrower's global income - income from salaries,
other investments, etc.? 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?
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.
Rice Joke
"A new report says that former Secretary of State Condoleezza Rice
recently rejected an offer from Donald Trump to be his running mate.
When Trump's people asked why she rejected the offer, she said, 'For the
last time, I'm Whoopi Goldberg.'" -- Seth Meyers
Today's Lesson: How To Cut Your Commercial Mortgage Marketing Costs in Half
We
send a similar e-zine to commercial real estate brokers, and I recently
encouraged them to open up a small commercial mortgage division in
their office. The point was this: There is no easier way to meet high-net-worth commercial real estate investors than to be a commercial mortgage broker. After all, poor people do not own shopping centers.
You
need to meet with the owner of the biggest commercial real estate
company in your city and suggest to him that you share marketing costs.
If he sends out a newsletter by snail mail, split the postage cost with
him and insert your own commercial mortgage newsletter. If he uses
display advertising in a magazine for wealthy investors, share the ad
with him. You two are not competitors, but you market to the same
audience.
I blogged on this subject earlier last month. You may want to show him the article. And when you're done reading this blog article, be sure to subscribe to my blog.
If you need a non-prime or subprime commercial mortgage loan right now, simply complete this super-easy mini-app to me here at Blackburne & Sons.
If
you need a bank-quality commercial loan right now from a life company, a
commercial bank, or a conduit, you should enter your deal into C-Loans.com.
Recent Poll Joke
"In the key swing states of Ohio and Pennsylvania, Trump is currently
getting zero percent support from black voters. Obviously every poll has
a margin of error, so it can actually be negative 3 percent." --
Stephen Colbert
Get a Free Directory of 2,000 Commercial Real Estate Lenders
If
you introduce us to just one commercial real estate loan officer who
works at a bank, we'll let you download The Blackburne List, a list of
2,000 commercial real estate lenders organized by state, for free. Click here to trade one banker for two thousand.
“We are all honorable men here. We do not have to give each other assurances as if we were lawyers.” -- Don Vito Coreleone
Coroner Joke
"The
easiest job in the world has to be coroner. Surgery on dead people.
What's the worst thing that could happen? If everything went wrong,
maybe you'd get a pulse." -- Dennis Miller
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.
Baggage Joke
My
dear friend, a divorcee, never remarried, and her daughter wanted to
know why. "The men I know would bring too much heavy baggage to the
marriage, and I simply don't want to put up with it," she explained.
Taking her mother's hand in hers, my friend's daughter said sweetly, "I
hate to break the news to you, Mom, but you're not exactly carry-on
yourself."
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.
I Stand Strong For My Beliefs
$100 Joke
A
little boy wanted $100.00 very badly and prayed for weeks, but nothing
happened. Then he decided to write God a letter requesting the $100.00.
When The postal authorities received the letter addressed to: God,
USA, they decided to send it to the President. The President was so
amused that he instructed his secretary to send the little boy a $5.00
bill. The President thought this would appear to be a lot of money to a
little boy. The little boy was delighted with the $5.00 bill and sat
down and wrote a thank-you note to God, which read: "Dear God, Thank
you very much for sending the money. However, I noticed that for some
reason you sent it through Washington, DC. Do you know those bureaucrats
deducted $95.00 in taxes!"
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.
Video - Update on Shark Attack Victim
Lovely, one-armed surfer mom places third at the world championships
On a Personal Note
I recently took a weekend vacation to Brown County State Park, which is about 1hr south of Indianapolis. It is a relatively small park, but with lots of outdoor activities to keep you busy. We went to several wineries, rode horses, and even stayed in a cabin that overlooked the park - what a view. Everything thing was perfect ... until we heard on the news that a black bear was spotted in Brown County for the fist time in several decades. Apparently the bear swam over the Ohio River from Kentucky, most likely in search of food. The last time I checked, human was on the menu for bears!
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
A
young girl who was writing a paper for school came to her father and
asked, "Dad, what is the difference between anger and exasperation?"
The father replied, "It is mostly a matter of degree. Let me show you
what I mean." With that the father went to the telephone and dialed a
number at random. To the man who answered the phone, he said, "Hello, is
Melvin there?" The man answered, "There is no one living here named
Melvin. Why don't you learn to look up numbers before you dial". "See,"
said the father to his daughter. "That man was not a bit happy with our
call. He was probably very busy with something, and we annoyed him. Now
watch..." The father dialed the number again. "Hello, is Melvin
there?" asked the father. "Now look here!" came the heated reply. "You
just called this number, and I told you that there is no Melvin here!
You've got a lot of guts calling again!" The receiver slammed down hard.
The father turned to his daughter and said, "You see, that was anger."
The father dialed the same number three more times, with increasingly
furious responses. Finally he said, "Now I'll show you what exasperation
means." He dialed the same number, and when a violent voice roared,
"Hello!" The father calmly said, "Hello, this is Melvin. Have there
been any calls for me?"
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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