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 special way to buy commercial property by blanketing other property. We also have lots of cute, clean jokes, some funny pics, and a collection of trending videos.
Joke Du Jour
One Sunday morning, Steve burst into the living room and said, "Dad! Mom! I have some great news for you! I am getting married to the most beautiful girl in town. She lives a block away and her name is Susan. After dinner, Steve's dad took him aside, "Son, I have to talk with you. Look at your mother, Steve. She and I have been married 30 years, she's a wonderful wife and mother, but, she has never offered much excitement in the bedroom, so I used to fool around with women a lot." "Susan is actually your half sister, and I'm afraid you can't marry her."
Steve was brokenhearted. After eight months, he eventually started dating girls again. A year later he came home and very proudly announced, "Diane said yes! We're getting married in June." Again his father insisted on another private conversation and broke the sad news. "Diane is your half sister too, Steve. "I'm awfully sorry about this." Steve was livid! He finally decided to go to his mother with the news his father had shared. "Dad has done so much harm. I guess I'm never going to get married," he complained. "Every time I fall in love, Dad tells me the girl is my half sister."
"Hee hee," his mother chuckled, shaking her head, "Don't pay any attention to what he says. He's not really your father."
Let the Joust Begin
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? Blackburne & Sons has decided to compete with banks by offering a higher 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.
Winnie the Pooh Joke
Q: What did Winnie The Pooh say to his agent?
A: Show me the honey!
Buy Commercial Property By Blanketing Other Property
One of my loan officers brought me a deal this week in which a land owner wanted to buy a piece of land next door to his company's building. He had no cash to put down, but he owned his current building free and clear. I said, "Absolutely! Just blanket both properties. Easy-peasey."
Be sure to remember this trick. The additional collateral could have been a commercial building, a house, or even land.
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.
Trash Joke
"According to a new report, by 2050, the world's oceans will contain more plastic trash than fish. So the next time you get dumped, remember: There's plenty of trash in the sea." -- Seth Meyers
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.
I Can Stop Anytime I Want
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.
Break-In Joke
"In Virginia someone broke into a man's apartment, cleaned it, and took nothing. Completely cleaned the place. Police are describing the suspect as his mother." -- Conan O'Brien
Buy Both Training Courses For Just $849
To order, please on contact Tom Blackburne at 574-210-6686 or tommy@blackburne.com.
Rental Car Joke
A couple of rednecks went on vacation in Colorado. They flew to Denver and rented a car to sight see. One of the sights was a bridge that was more than 1,000 feet above the river. Walking out onto the bridge, they noticed it swaying in the wind. "I don't think I want to drive the car across this bridge," one said to the other. "What are you worried about"? the second replied. "It's a rental."
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.
Happiness is All About Your Attitude
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.
Signs Joke
In a Veterinarian's waiting room: "Be Back in 5 Minutes. Sit! Stay!"
In the front yard of a Funeral Home: "Drive Carefully. We'll Wait."
On a Maternity Room door: "Push. Push. Push."
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 - Trending Videos November 2016
Caution: Some of these are pretty gross - funny but gross.
On a Personal Note
If you have been following my emails, you will recall that I got a Golden Retriever puppy a few months back. At the time I got him, he was a cute fluff ball that could do no wrong. We named him Bernard. Now, five months later, I realize we should have named him Destroyer. He is the destroyer of all things nice and clean in my house. Nothing at his eye level can be left alone. From the couch pillows, to the garden decorations and flowers, to the chicken coop - Bernie has to put his mouth on everything. And I am not sure if I can describe him as a "Golden Retriever." He refuses to retrieve anything we throw and he usually sports more of a mud brown color, with just a splash of reddish-gold. Nothing excites him more than the fresh mud after a violent rainstorm. This pup will bring me to an early grave, but it is totally worth it. I love my Bernie-Monster to death, so please send me more leads so that I can afford to get him a little brother!
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 hillbilly was making his first visit to a hospital where his teenage son was about to have an operation. Watching the doctor's every move, he asked, "What's that?" The doctor explained, "This is an anesthetic. After he gets this he won't know a thing." "Save your time, Doc," exclaimed the man. "He don't know nothing now."
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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