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 talk about large balance commercial loans. We also have lots of cute, clean jokes, some funny pics, and a funny skit of Jeb Bush and Jimmy Kimmel at the Emmy's.
Joke Du Jour
Sherlock Holmes's sister, Ella, was a bit confused - not that she suffered from dementia or anything - she simply was a bit of an air head. She was always getting her two twins confused, even though they were fraternal, not identical, and everyone else could easily tell Patricia from Theresa. One day Sherlock's sister invited the great detective and his assistant to a piano recital that Patsy was to give the following evening. When she left, Sherlock's assistant said, rather bewilderedly, to Sherlock, "I didn't know that Patsy was studying the piano." To which Holmes replied, "Ella meant Terry, my dear Watson."
Poor Little Guy
Private Money Commercial Loans Nationwide From $100,000 to $3.5MM
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? 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?
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.
Mail Lady Joke
This is George III, the old man. Cisca and I live in the country, thirty miles from the nearest major shopping district. We therefore order a ton of stuff from Amazon.com and and WalMart.com. Every day our mail lady drops off at least three packages.
Yesterday she showed up wearing a T-shirt, with "Mail Lady" written on the back. On the front it read, “I’m not saying I’m Santa Claus. I’m just saying that no one has ever seen me and Santa in a room together.”
Large Balance Commercial Loans
Let's define large balance commercial loans as the ones larger than $5 million.
George IV and I recently went to the Western States Commercial Real Estate Finance Conference in Las Vegas. Our new commercial loan portal, CommercialMortgage.com, generated a lot of buzz. Because of the buzz, many of the big banks and big mortgage funds funds signed up to join C-Loans.com as lenders. By the end of the conference, nine large balance commercial lenders ended up joining C-Loans for the first time.
Therefore, if you happen to need a commercial loan larger than $5 million, be sure to enter it into C-Loans.com as soon as possible.
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.
If you still can't find a commercial lender using C-Loans, then try CommercialMortgage.com. Keep in mind that the 3,159 commercial lenders on CommercialMortgage.com are different than the 750 commercial lenders on C-Loans.com.
In any case, you should come visit CommercialMortgage.com right now and take it for a free test drive. You do NOT need a real life commercial loan request.
Another Pirate Joke
Q: Why are pirates so mean?
A:
No one knows. They just aaarrr!
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.
Cats Just Love Batting Curios Off Shelves
Breakfast Joke
At the diner, my breakfast arrived with only three sausages instead of the usual four. The waitress explained that the cook had dropped one and was making another. Soon the cook dashed out of the kitchen. "Here you are," he announced. "It's the missing link!"
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.
Aunt Emma Joke
A couple's happy married life almost went on the rocks because of the presence in the household of old Aunt Emma. For seventeen long years she lived with them, always crotchety, always demanding. Eventually, the old girl passed away. On the way back from the cemetery, the husband confessed to his wife, "Darling, if I didn't love you so much, I don't think I would have put up with having your Aunt Emma in the house all those years." His wife looked at him aghast. "My Aunt Emma??!" she cried. "I thought she was your Aunt Emma!"
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 Angela Vannucci at (916) 338-3232.
Not Gonna Do It. Wouldn't Be Prudent.
Diet Joke
I don't mean to brag, but I finished my 14-day supply of diet food in 3 hours and 20 minutes...
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 - Jeb Bush At the Emmy's
At this week's Emmy Awards, Jeb Bush and Jimmy Kimmel played in a clever skit
On a Personal Note
A couple weekends ago was my best friend's 30th birthday party. He is 3 months older than I, so I definitely played up the old man jokes the whole weekend. In an attempt to use the party as a venue to prove we 'still got it' despite our age, we decided to do an olympic themed birthday party. We had a mini triathlon of swimming, running, and biking set up within the little neighborhood, followed by a few less active games like corn hole (bean bags), football toss, and even badminton.
While we all had the best of intentions to prove turning 30 doesn't mean the beginning of the end, it was the 1st event of the triathlon that brought us all back down to earth. The first guy out of the pool face planted and had to go to the ER. I think it is safe to say that we all 'lost it' a long time ago!
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
I just did a week's worth of cardio after walking into a spider web...
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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