Volume 7, Issue 1

Newsletter Date:  January 27, 2017


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 mezzanine loans in plain English. We also have lots of cute, clean jokes, some funny pics, and a terrifying video of an unarmed man being attacked by a black panther.

Joke Du Jour

A guy walks into a bar and sees a dog playing poker. The guy is amazed. "Bartender, is that a real dog playing poker?" the guy asks. "Yep, real as can be." the bartender replies. "Is he any good?" the guy asks. "Naw, every time he has a good hand, he wags his tail."

Almost As Bad As Looking For Your Glasses While Wearing Them

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

Do you need a commercial lender who will actually lend up to 75% LTV? 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.

A Couple of Cute Funnies

Q. Can a kangaroo jump higher than a house?
A. Of course! Houses can't jump.

Q. Why do fish live in saltwater?
A. Because pepper water makes them sneeze.

Mezzanine Loans in Plain English

Mezzanine loans are similar to second mortgages, except a mezzanine loan is secured by the stock of the corporation that owns the property, as opposed to the real estate. If the lender forecloses on the stock, it owns the corporation that owns the building.

Why use a mezzanine loan? Why not just use a garden-variety second mortgage? The answer is that a lender can foreclose on a mezzanine loan in just 5 weeks, as opposed to 18 months. We’ll cover this in more detail further below.

For ease of understanding, I am going to use the words, “corporations” and “stock”, throughout this training article. In real life, title to most large commercial properties these days is held in the name of a limited liability company (“LLC”). LLC’s do not have stock. They have membership interests instead. For our purposes, however, there is little difference between a corporation and a LLC, and corporations and stock are easier terms for most people to understand.

Read more.

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.

Tie Joke

An Englishman, a Scotsman, an Irishman, a Latvian, a Chinese, a Japanese, a Kiwi, a Canuck, an Eskimo, a Fijian, a Turk, an Aussie, a Yank, an Egyptian, a Spaniard, a Mongolian, a Tibetan, a Pollack, a Mexican, a Spaniard, a Greek, a Russian, an Estonian, a German, an Indian, an Italian, a Brazilian, a Kenyan, a South African, a Filipino, a Pakistani, a Korean, an Argentinean, a Lithuanian, a Dane, a Finn, a Swede, an Israeli, a Romanian, a Bulgarian, a Serb, a Czech, a Croat, and a Panamanian go to a fancy bar... The bouncer says: "Sorry. I can't let you in without a Thai."

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.

Didn't James Bond Walk Across the Backs of Some Crocs?

Stamps Joke

A woman goes to the post office to buy stamps for her Christmas cards. Clerk: What denomination do you want? Woman: Oh, good heavens! Have we come to this? Well, give me 50 Catholic and 50 Baptist.

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.

Grandma's Pie Joke

Granny Adams made such beautiful pies. One day I asked her, "How do you get such beautiful pies with the crimps around the edge so even?" "Well, it's a family secret," she said. "But if you promise not to tell, I'll let you in on it." "Okay," I said. "Tell me!" "Well, first, I roll out the dough, making sure it is flat and even. Then I cut out the bottom layer and carefully put in the pie plate and make sure it is firmly against the sides of the plate. "Then I slowly pour in the filling, making sure it's not too full. "Next, I cut out the top layer and carefully put it over the filling. "Finally, I take out my teeth and just run them around the edge of the pie crust, and they make the nicest even impressions you ever did see!"

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.

I Need a Funny Headline Here

Cat Lady Joke

"Police are looking for a woman who stole $3,000 worth of cat-grooming supplies at an airport baggage carousel. Police describe the suspect as 'single.'" --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.

Video - Viewer Discretion Advised

Unarmed man attacked by a black panther

On a Personal Note

I just returned from a brief ski trip in Michigan with my girlfriend and her family. The last time I went skiing was almost 10 years ago, so of course I left the slopes a little battered and bruised but with my pride still intact. It was not surviving the slopes that I was most proud of that week, but rather it was surviving my girlfriend's family.

You see, while I love them, my girlfriend's family is a very loud and opinionated bunch. No topic is taboo and polite conversation quickly escalates into heated debates. To make matters worse, this was their first family vacation in the last 20 years. So there I was, on a 6-hour car ride (one way mind you) just waiting for someone to push someone else a little too far and then spend the rest of the trip dealing with tears and chaos.

Lucky for us, the week went without incident! I am proud to say I survived the family ski trip. On that note, it definitely helps that my oldest and best friend was recently engaged to my girlfriend's sister. Without him on the trip, I am not certain I'd be here today telling you this story!

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 dog in Seattle is making news after commuters noticed it had been riding the bus to a local park all by itself. Everyone says the dog is amazing, while the dog said, panicking, 'I gotta find that blind guy. I'm in a lot of trouble if I don't find him.'" -- Jimmy Fallon

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


Learn Commercial Finance
1Find Your Own Private Investors
Market for Commercial Loans
Fee Collection Course
Earn Referral Fees in Your Sleep
Combo Packages
Cool Mortgage Broker Stuff
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Cool Realtor Stuff
Contact Us

 

Got a Mortgage Web Site?  Earn $5,000 Referral Fees in Your Sleep!

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Read the C-Loans Blog
Pick up lots of great commercial brokerage practice tips for free.

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Learn to Broker $10MM Commercial Deals.

9-Hour Video Program Including Marketing, Underwriting, Packaging, Placement and Fee Collection.  Just $499.

For details, click here or call Mick Carlson at 574-855-6292

 

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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Just $2 to $3 Each
Plus 37.5 Bps on Closing.

Click Here for More Details

 


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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