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 24-hour cities. We also have lots of cute, clean jokes, some funny pics, and a hilarious lip-sync video.
Joke Du Jour
After three years of marriage, Kim was still questioning her husband about his lurid past. "C'mon, tell me," she asked for the thousandth time, "How many women have you slept with?" "Baby," he protested, "if I told you, you'd throw a fit". Kim promised she wouldn't get angry and finally convinced her hubby to tell her. "Okay," he said, "One, two, three, four, five, six, seven - then there's you - nine, ten, 11, 12, 13..."
I Crawled Out of Where?
Private Money Commercial Permanent 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? Do you need a loan against a portfolio of rental houses?
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.
LSD Joke (PG)
A teenage boy asks his granny, "Have you seen my pills? They were labeled LSD?" Granny replies, "To hell with the pills, did you see the dragons in the kitchen?"
What is a 24-Hour City?
I was speaking with a big commercial lender this week. His minimum loan is $5 million! Anyway, he mentioned that he only lends in 24-hour cities. Hmm. What exactly is a 24-hour city?
A 24-hour city is defined as a city that never sleeps - restaurants, shops, and even movie theaters stay open all night. Examples of 24-hour cities include New York City, San Francisco, and Las Vegas.
What's so special about 24-hour cities? "Twenty-four-hour markets have attracted and retained businesses (and even spurred startups) so successfully that their CBD office vacancy rate averaged just 10.3% (between 2001 and 2014)... During the same stretch, the downtowns of 9-to-5 cities averaged a 16.6% office vacancy rate."
Comparable properties in 24-hour cities are much more expensive to lease or buy than in 9-to-5 cities. You would think that some shrewd business owners would spot the arbitrage. Why move to New York City when comparable office space in Columbus, Ohio is 60% cheaper, right? Over time you would think that the difference in lease rates and property values would shrink because of the increased demand for Columbus office space, right? Nope. Just the opposite has happened.
"Between 2001 and 2014, sales prices for office properties in 24-hour cities were 72 percent higher per square foot than those in 9-to-5 cities... No shock there. But despite those higher prices, the cumulative total return for property in 24-hour CBDs since 1987 has been an astounding 152 percent greater than for 9-to-5 downtowns..."
Put in simpler terms, while an investor may have to pay a boatload more for a 24-hour city (NYC) property, the return on his money is MUCH higher than investments in 9-5 cities! Wow. Its no wonder that the Big Dogs prefer to lend in 24-hour cities.
Free Copy of The Blackburne List
The Blackburne List is a list of over 2,500 commercial lenders located nationwide. We just spent almost $30,000 and three months updating this list.
The Blackburne List is available for purchase for just $79.95. Is money tight? You can also buy one of our three Regional Lists (750+ lenders) for just $39.95. But why spend money at all?
We will trade you one of our three Regional Lists for the contact information of just one banker making commercial real estate loans. If you refer us three bankers, you will own the list for all three regions. Together you will own the entire Blackburne List.
There is another way that you can access The Blackburne List. Our newest portal, CommercialMortgage.com, is an online way to search the entire Blackburne List for the 30 lenders most suitable to make your loan. CommercialMortgage.com ("CMDC") is also 100% free!
Did you buy a copy of the full list last year? Please write to Tom Blackburne. For $39.95 more, we'll let you buy the brand new version of The Blackburne List.
Hamster Joke
Bought the missus a hamster-skin coat last week. We went to the fair last night, and it took me three hours to get her off the Ferris Wheel.
No sweet little hamsters were hurt in the making of this joke.
I had a hamster for four years named Otis. I loved Otis. He escaped from his cage and my condo one day, but he found life in the cold, cruel world to be pretty brutal. My neighbor was walking down a walkway to his condo, when Otis scurried onto the path in front of him and begged to be picked up. Honest!
Otis lived another two years with me. I got him a girlfriend, and he had a great time that evening; but afterwards - when he had served his usefulness for procreational purposes - she started to beat the heck out him! What's up with that??? Hamsters are apparently solitary animals. Poor guy - but for that one evening, man, he was one happy little critter.
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Don't Come Whining Later
It's the Loan Servicing Income, Folks
The loan servicing portfolio for Blackburne & Sons just broke $50 million this quarter. Since our average loan servicing fee is two percent annually, that means we earn $1 million per year for servicing just 250 loans. How would you like to walk in the door on the first of each month knowing that you will earn at least $83,000? Find your own private mortgage investors.
Breakfast Joke
I woke up this morning at 11:30 and could sense that something was wrong. I got downstairs and found the wife face down on the kitchen floor, not breathing! I panicked. I didn't know what to do. Then I remembered McDonalds now serves breakfast all day.
Buy Both Training Courses For Just $849
To order, please on contract Tom Blackburne at 574-210-6686 or tommy@blackburne.com.
Wheelchair Joke
Seven wheelchair athletes have been banned from the Para-Olympics after they tested positive for WD40.
Need a Commercial Loan Right Now?
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 or our latest commercial loan portal, Commercial Mortgage.com.
The 3,159 commercial lenders on CommercialMortgage.com are different from the 750 commercial lenders on C-Loans.com. The really hungry lenders join C-Loans.com.
Ain't It the Truth?
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.
Blue Joke (PG-13)
A week after their marriage, the redneck newlyweds, Ed and Wanda, paid a visit to their doctor. "You ain't gonna believe this, Doc," said Ed. "My thingy's turnin' blue." "That's pretty unusual," said the doctor. "Let me examine you." The doctor took a look. Sure enough, Ed's "thingy" really was blue. The doctor turned to Wanda and asked, "Are you using the diaphragm that I prescribed for you?" "Yep, shore am," she replied brightly. "And what kind of jelly are you using with it?" "Grape," she replied.
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 - Lip Syncing Couple Sings the Love Songs of the Decades - You Will Grin and Grin!
I dare you not to smile.
On a Personal Note
I am now the owner of a 20lb house wrecking machine, named Bernard. This dog is the definition of rough and tumble. This dog is immune to cat scratches. He has a nice, comfy bed inside, yet he prefers to sleep outside in the cold, wet grass. Keep in mind I live in Indiana, where it snows in March. Rain or snow doesn't wake him from his slumber. Mud gets him more excited than puppy treats. I have spent more time patching the holes in my fence than I have teaching him how to sit. And the worst part about all of this is that he is just so damn cute that I can never be mad at him!
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
An elderly couple, who were childhood sweethearts, had married and settled down in their old neighborhood. To celebrate their 50th wedding anniversary, they walked down to their old school. There they hold hands, as they find the desk they shared and where he had carved, "I love you, Sally."
On their way back home, a bag of money falls out of an armoured car practically at their feet. She quickly picks it up. They don't know what to do with it, so they take it home. There she counts the money, $50,000.
The husband says, "We've got to give it back." She says, "Finders keepers." She puts the money back in the bag and hides it up in their attic. The next day, two FBI men are going from door-to-door in the neighbourhood looking for the money, and they show up at their home. One knocks on the door & says, "Pardon me, but did either of you find any money that fell out of an armoured car yesterday?" Sally says, "No." The husband says, "She's lying. She hid it up in the attic." She counters, "Don't believe him, he's getting senile."
But the agents sit the old man down and begin to question him. One says, "Tell us the story from the beginning." The old man says, "Well, when Sally and I were walking home from school yesterday..." At this point, the FBI guy looks at his partner and says, "We're outta here!"
Get a Free E-Book on CREF
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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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