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 land lease loans. We also have lots of cute, clean jokes, some funny pics, and a video of a small-town restaurant where all of the pretty waitresses carry guns.''
Joke Du Jour
A construction worker goes to the doctor and says, "Doc, I'm constipated." The doctor examines him for a minute and then says, "Lean over the table." The construction worker leans over the table, the doctor whacks him on the butt with a baseball bat, CRACK... and then sends him into the bathroom. He comes out a few minutes later and says, "Doc, I feel great. What should I do to prevent constipation?" The doctor says, "Stop wiping with cement bags.”
Recently Slain 1,800-Pound Grizzly Bear in Alaska Had the Remains of Two Different Campers Inside
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.
Bill of Rights Joke
Two lawyers, Bob and Bill, were having a heated exchange during a trial. The judge asked both lawyers to approach the bench. "Your Honor," said Bob, "I objected because my distinguished colleague Bill was badgering the witness. It is obvious he has never heard of the Bill of Rights." "Rubbish!" snapped Bill. "I happen to know them by heart." Bob rolled his eyes in disbelief. "Do you now? Well, Bill, I have a hundred dollars that says you can't even tell me the first few words." Bill smirked and accepted the challenge and began, "I pledge allegiance to the flag..." "Damn," Bob interrupted, fishing the money from his pocket, "I didn't think you'd know it."
Land Lease Loans
There are many commercial buildings that sit on leased land. The seller refused to part with the land, but he was willing to lease out the land for 49 to 99 years.
Even though the owner of the commercial building doesn't own the underlying land, it is still possible to finance the property. I wrote this week an extensive article about how to finance commercial property on leased ground.
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.
Memorial Plaque Joke
One Sunday morning, the pastor noticed little Alex standing in the foyer of the church staring up at a large plaque. It was covered with names and small American flags mounted on either side of it. The six-year old had been staring at the plaque for some time, so the pastor walked up, stood beside the little boy and said quietly, "Good morning, Alex." "Good morning, Pastor," he replied, still focused on the plaque. "Pastor, what is this?" The pastor replied, "Well, son, it's a memorial to all the young men and women who died in the service." Soberly, they just stood together, staring at the large plaque. Finally, little Alex's voice, barely audible and trembling with fear asked, "Which service, the 8:00 or the 9:30?"
Learn Commercial Real Estate Finance - Nine Hour Video Training Course - Just $549
It would be a lot easier to close your commercial deals if you actually knew the subject matter. Finally learn this stuff.
Dogs Have Masters, Cats Are Masters
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.
Optimism Joke
Optimism is going after Moby Dick in a rowboat and taking tartar sauce with you.
Buy Both Training Courses For Just $849
To order, please on contract Tom Blackburne at 574-210-6686 or tommy@blackburne.com.
Bee Joke
Q: What do you call a bee born in between April 30 and June 1?
A: A maybe.
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.
You'll Never Take Me Alive, Copper
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.
Swearing Joke (PG-13)
There are two brothers, aged four and six. The six-year-old says "You know, it's about time we started to swear." The four-year-old says "Okay." The six-year-old says "From now on I'll say 'hell' and you say 'ass.'" The four year old says "Okay" So they go downstairs and their mother asks, "What would you boys like for breakfast?" The six-year-old says "Oh, what the hell, I'll have corn flakes." WHACK! The kid goes flying across the room. The mother turns to the four-year-old and asks "And what would you like for breakfast?" The four-year-old says "I don't know, but you can bet your ass it's not corn flakes."
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 - Don't Mess With Your Server
In this small-town restaurant, all of the pretty waitresses carry guns.
On a Personal Note
About 6 months ago, I bought my first house. It was a bit of a fixer-upper when I acquired it, and now it is almost completely rehabbed. There isn't a part of this house I haven't had to fix, other than the roof (luckily!). What I am most proud of is not what I've had to fix, but of the deck in the back which I built from the ground up. This was my first deck and really the first structure I've ever built from scratch. Of course, I had help with the design from my experienced father-in-law Nick, but I am proud to say every screw and every cut was done by my hand. Maybe, just maybe, I will get the nod of approval from Nick... so long as he doesn't notice it's slightly crooked by just a few degrees!
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 IRISHMAN'S FIRST DRINK WITH HIS SON
While reading an article last night about fathers and sons, memories came flooding back to the time I took me son out for his first pint. Off we went to our local pub, only two blocks from the cottage. I got him a Guinness. He didn't like it, so I drank it. Then I got him a Kilkenny's. He didn't like that either, so I drank it. Finally, I thought he might like some Harp Lager. He didn't. I drank it. I thought maybe he'd like whiskey better than beer so we tried a Jameson's. Nope! In desperation, I had him try that rare Redbreast - Ireland 's finest whiskey. He wouldn't even smell it. What could I do but drink it? By the time I realized he just didn't like to drink, I was so plastered that I could hardly push his stroller back home.
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
|
