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 a whole new type of commercial real estate - creative office space. We also have lots of cute, clean jokes, some funny pics, and a funny/scary shark video.
Joke Du Jour
My neighbor was bit by a stray rabid dog. I went to see how he was and found him writing frantically on a piece of paper. I told him rabies could be treated, and he didn't have to worry about a will. He said, "Will? What will? I'm making a list of the people I want to bite."
Even Chuck Norris Wouldn't Mess With This Guy
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, Alicia Gandy, at (916) 338-3232.
Ravens Joke
Just like a group of lions is called a pride, a group of ravens is called a murder. So...
Q: What do you call two ravens sitting next to each other?
A: An attempted murder.
What on Earth is Creative Office Space?
Creative office space is the hot new buzzword among real estate developers and commercial real estate professionals. Creative office space is office space that is designed to feel as comfortable as home and space that is very conducive to collaboration among employees.
I have just completed a training blog article on creative office space, and I strongly encourage you to read it. The training article is just one page long, and I try to use lots of examples.
While you're reading my blog article, I strongly encourage you to sign up for my blog. It's free training in commercial real estate finance. I started writing these training articles to train my two sons ten years ago, and I promise you that every article is jam-packed with genuine training (as well as lots of funny pics).
To those of you who have read my training articles before and gotten a lot out of them, here is a trick: If you run across a strange commercial real estate finance term - let's say "shadow anchor" - go to Google and type in "C-Loans blog shadow anchor." You'll see what I have written on the subject.
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.
Communications Joke
A husband and wife were at a party chatting with some friends when the subject of marriage counseling came up. "Oh, we'll never need that. My wife and I have a great relationship," the husband explained. "She was a communications major in college, and I majored in theater arts. She communicates well, and I act like I'm listening."
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.
The Lady Sounds Serious. Maybe You Should Back Off?
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.
Chicken Wife Joke
A man runs to the doctor and says, "Doctor, you've got to help me. My wife thinks she's a chicken!" The doctor asks, "How long has she had this condition?" "Two years," says the man. "Then why did it take you so long to come and see me?" asked the shrink. The man shrugs his shoulders and replies, "We needed the eggs."
Buy Both Training Courses For Just $849
To order, please contact Tom Blackburne at 574-210-6686 or tommy@blackburne.com.
Ugly Faces Joke
Finding one of her students making faces at others on the playground, Ms. Smith stopped to gently reprove the child. Smiling sweetly, the Sunday School teacher said, "Bobby, when I was a child, I was told that if I made ugly faces, it would freeze and I would stay like that." Bobby looked up and replied, "Well, Ms. Smith, you can't say you weren't warned."
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.
Maybe Chuck Norris Should Stay Away From This Kid Too?
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 Alicia Gandy at (916) 338-3232.
Out of Gas Joke
Sister Mary Ann, who worked for a home health agency, was out making her rounds visiting homebound patients when she ran out of gas. Fortunately, an Exxon station was just a block away. She walked to the station to borrow a gas can and buy some gas.
The attendant told her that the only gas can he owned had been loaned out, but she could wait until it was returned. Since Sister Mary Ann was on the way to see a patient, she decided not to wait and walked back to her car. She looked for something in her car that she could fill with gas, and spotted the bedpan she was taking to the patient. Always resourceful, Sister Mary Ann carried the bedpan to the station, filled it with gasoline, and carried the full bedpan back to her car.
As she was pouring the gas into her tank, two Baptist ladies watched from across the street. One of them turned to the other and said, "If it starts, I'm turning Catholic."
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.
Shark Video
Maybe you shouldn't be paddle-boarding in this area.
On a Personal Note
We are currently running a “SUMMER SPECIAL” here at Blackburne & Sons. We are trying to attract loan amounts of $500,000 or less. If you submit a loan to me and we end up issuing a loan approval letter, I will send you a copy of George Blackburne’s famous fee agreement OR our underwriting manuals, both worth $199 each! Please give me a call or email me with any new deals you may have. We are ready to close your loan!
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 (R)
A little girl was out with her grandmother when they came across a couple of dogs mating on the sidewalk. "What are they doing, Grandma?" asked the little girl. The grandmother was embarrassed, so she said, "The dog on top has hurt his paw, and the one underneath is carrying him to the doctor." "They're just like people, aren't they Grandma?" said the little one. "How do you mean?" asked the grandma. "Offer someone a helping hand," said the little girl, "and they screw you every time!"
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
Alicia Gandy
BRE# - 01430908
NMLS# - 389678
BLACKBURNE & SONS REALTY CAPITAL CORPORATION
4811 Chippendale Drive, Suite 101
Sacramento, CA 95841
Phone: (916) 338-3232
Fax: (916) 338-2328
Email: gandy@blackburne.com
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