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 share with you a way to get a larger commercial loan by cross-collateralizing additional property. We also have lots of cute, clean jokes, some funny pics, and the most watched YouTube video of 2016.
Joke Du Jour
A white-haired old man walked into a jewelry store on a Friday, with a beautiful young lady at his side. "I'm looking for a special ring for my girlfriend," he said. Our jeweler looked through our stock and took out an outstanding ring priced at $5,000. "I don't think you understand. I want something very unique," the man said. At that, our now very excited jeweler went and fetched our special stock from the safe. "Here's one stunning ring at $40,000." The girl's eyes sparkled, and the man said that he would take it. How are you paying?" asked our jeweler. “I'll pay by check; but of course the bank will want to make sure that everything is in order, so I'll write a check and you can phone the bank tomorrow, and then I'll fetch the ring on Monday," replied the old man. Monday morning, our very disappointed jeweler phoned the man. "You lied, there's no money in that account." "I know - sorry - but can you imagine what a FANTASTIC weekend I had?!"
Here Kitty-Kitty-Kitty-Kitty
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.
Actual School Papers #1
Ancient Egypt was inhabited by mummies and they all wrote in Hydraulics. They lived in the Sarah Dessert and the climate of the Sarah is such that the inhabitants have to live elsewhere.
Cross-Collateralizing Commercial Loans
Let's suppose your borrower has a balloon payment coming due on his office building, and he absolutely must have an 80% loan-to-value new loan in order to retire his old loan. Nobody but an SBA lender is going to make an 80% LTV loan on an office building, and unfortunately this property is not owner-used. "Quick, Hotshot, what do you do?" said the mad bomber, Dennis Hopper, to Keanu Reeves in Speed.
The answer is to pledge additional collateral - either a rental property or the borrower's own home.
But what happens if the additional collateral is a rental house in a different state? To make matters even dicier, what if the office building is located in California, which is a trust deed state, and the rental house is located in Florida, which is a mortgage state? Can this be done?
The answer is yes!
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.
Actual School Papers #2
Moses led the Hebrew slaves to the Red Sea, where they made unleavened bread which is bread made without any ingredients. Moses went up on Mount Cyanide to get the ten commandments. He died before he ever reached Canada.
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.
Freaky Confusing
Actual School Papers #3
Solomon had three hundred wives and seven hundred porcupines. (Ouch, that's gotta hurt.)
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.
Bird Joke
Q: What kind of birds stick together?
A: Vel-crows
Have You Tried CommercialMortgage.com?
Our new commercial mortgage portal, CommercialMortgage.com, boasts 3,159 commercial lenders, four times lenders more than C-Loans. In addition, CommercialMortgage.com is much easier to use than C-Loans.com. You should try it on your cell phone. It works just like an app.
Newest Member of the Avengers
Actual School Papers #4
Julius Caesar extinguished himself on the battlefields of Gaul. The ides of March murdered him because they thought he was going to be made King. Dying, he gasped out: "Tee hee, Brutus."
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 - Most Popular Video on YouTube in 2016
James Corden's carpool karaoke with Adele
On a Personal Note
Every family has their holiday traditions. Some families take a trip together, others like to eat and bake cookies and make gingerbread houses. For my family, Christmas is always about one thing: The Christmas Tree. Ever since I was a toddler, we would go to the same tree farm, pick out a tree, and cut that sucker down by handsaw - the best part! Every year without fail. And given our ample tree cutting/transporting experience, I am proud to say over the years we've only lost 1 Christmas tree on the highway!
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
The LAPD, The FBI, and the CIA are all trying to prove that they are the best at apprehending criminals. The President decides to give them a test. He releases a rabbit into a forest and has each of them try to catch it.
The CIA goes in. They place animal informants throughout the forest. They question all plant and mineral witnesses. After three months of extensive investigations they conclude that rabbits do not exist.
Then the FBI goes in. After two weeks with no leads they burn the forest, killing everything in it, including the rabbit, and they make no apologies. The rabbit had it coming.
Then the LAPD goes in. They come out two hours later with a badly beaten raccoon. The raccoon is yelling: "Okay! Okay! I'm a rabbit! I'm a rabbit!"
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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