Volume 6, Issue 10

Newsletter Date:  August 10, 2016


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 explain why you should chase industrial building loan leads. We also have lots of cute, clean jokes, some funny pics, and a great video of a groggy husband walking up after surgery. Hint: He says all the right things!

Joke Du Jour

A man was driving down the road and ran out of gas. Just at that moment, a bee flew in his window. The bee said, "What seems to be the problem?" "I'm out of gas," the man replied. The bee told the man to wait right there and flew away. Minutes later, the man watched as an entire swarm of bees flew to his car and into his gas tank. After a few minutes, the bees flew out. "Try it now," said one bee. The man turned the ignition key and the car started right up. "Wow,"' the man exclaimed, "what did you put in my gas tank?" The bee answered, "BP!"

He Mustn't Know

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

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? 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?

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.

Woodpecker Joke

Q: What do you call a woodpecker with no beak?
A: A headbanger!

Today's Lesson: Industrial Building Loan Leads Are Hot!

For the past five years, apartment loans have been a hot commodity. Millions of Americans lost their homes during the Great Recession, and the demand for rental housing soared.

Today the hot product commercial loan product is loans on modern industrial buildings. Now I am not talking about 50-year-old brick relics that have been vacant for decades. I am talking about modern, concrete buildings in major cities.

Why industrial? Why now? First of all, there was very little industrial building construction during the Great Recession. Secondly, manufacturers have soured on out-sourcing.

The quality of products constructed using foreign labor is often substandard. American workers are four times more productive. The Chinese steal our patents. Supply lines are too long. Short production runs are infeasible, and changes during assembly are virtually impossible. Outsourcing has not been the panacea everyone expected. As a result, industrial rents in major cities are climbing, and industrial space is filling.

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.

Spelling Joke

The teacher asked the kids in spelling class to tell what their father does for a living and then spell it. The first kid says, "My daddy's a baker. That's b-a-k-e-r. He makes bread and lots of sweet goodies to eat." The second kid says, "My daddy's a banker. That's b-a-n-k-e-r. He makes lots of money and buys us lots of toys." The next kid says, "My daddy's an electrician. That's e-l-a-k...uh, e-l-e-x...uh...." The teacher interrupts, saying, "That's okay, Raymond. Think about it, and we'll come back to you." Turning to Little Johnny, she says, "You're next, Johnny." Little Johnny says, "My daddy's a bookie. That's b-o-o-k-i-e, and I'll lay you odds ten-to-one Raymond don't ever spell electrician."

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.

Some People Are So Full of It...

Spying Joke

Q: What do you call a cow spying on another cow?
A: A steak out.

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.

Women Joke

"Whatever women do they must do twice as well as men to be thought half as good. Luckily, this is not difficult." -- Charlotte Whitton

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.

Trojan Pinata

Sweater Joke (PG-13)

I got a sweater for Christmas. I really wanted a screamer or a moaner.

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 - Groggy Husband Hits It Out of the Park

Husband wakes up after surgery and thinks his wife is a nurse.

On a Personal Note

Yesterday, my daughter just had her 1st day of kindergarten. I had been preparing her for this day for several weeks. I made her say her teacher's name numerous times so she will never forget, we rehearsed how the 1st day will go, we discussed in detail what to do if she gets lost at school, and I even had my first serious talk about bullies. I can't believe she is already 5yrs old and going to school. Man, I am getting old.

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 (R)

A young boy went up to his father and asked him, "Dad, what is the difference between 'potentially' and 'realistically?'" The father thought for a moment, then answered, "Go ask your mother if she would sleep with Brad Pitt for a million dollars. Then ask your sister if she would sleep with Brad Pitt for a million dollars, and then, ask your brother if he'd sleep with Brad Pitt for a million dollars. Come back and tell me what you learn from that." So the boy went to his mother and asked, "Would you sleep with Brad Pitt for a million dollars?" The mother replied, "Of course, I would! We could really use that money to fix up the house and send you kids to a great university!" The boy then went to his sister and asked, "Would you sleep with Brad Pitt for a million dollars?" The girl replied, "Oh, good heavens! I LOVE Brad Pitt, and I would sleep with him in a heartbeat. Are you nuts?" The boy then went to his brother and asked, "Would you sleep with Brad Pitt for a million dollars?" "Of course," the brother replied. "Do you know how much a million bucks would buy?" The boy pondered the answers for a few days and then went back to his dad. His father asked him, "Did you find out the difference between 'potentially' and 'realistically?'" The boy replied, "Yes, 'potentially' you and I are sitting on three million dollars; but 'realistically," we're living with two hookers and a future congressman."

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


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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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Plus 37.5 Bps on Closing.

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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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