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 the glut of commercial mortgage money flooding the market. We also have lots of cute, clean jokes, some funny pics, and a funny Robin Williams video.
Joke Du Jour
A man told the ringmaster that he was interested in joining the circus as a lion tamer. The ringmaster asked if he had any experience and the man said, "Why, yes. My father was one of the most famous lion tamers in the world, and he taught me everything he knew." "Really?" said the ringmaster. "Did he teach you how to make a lion jump through a flaming hoop?" "Yes he did," the man replied. "And did he teach you how to have six lions form a pyramid?" "Yes he did," the man replied. "And have you ever stuck your head in a lion's mouth?" "Just once," the man replied. The ringmaster asked, "Why only once?" The man said, "I was looking for my father."
Al Capone Used To Have a Hideout in Knox, Indiana, Just One Small Town Over From Me
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.
Boss, I Can't Come In To Work Today
If it is all the same to you, I won't be coming in to work. The voices told me to clean all my guns today.
I can't come in to work today because I'll be stalking my previous boss, who fired me for not showing up for work. Okay?
I have a rare case of 48-hour projectile leprosy, but I know we have that deadline to meet...
The Market is Flooded With Commercial Mortgage Money
I have been in commercial real estate finance for almost 40 years, and I have never seen soooo much money chasing so few commercial loans. Commercial lenders are cutting each other's throats to do deals. Every lender I know, including Blackburne & Sons, has vast hordes of money sitting uninvested.
And here is the eerie part: I don't see this situation changing for a decade. In terms of interest rates, it's a race to the bottom.
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.
Bills Joke
I handed the teller at my bank a withdrawal slip for $400. I said, "I'd like large bills, please." She looked at me and said, "I'm sorry sir, all the bills are the same size."
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.
Then He Changed Her Name to Sunflower
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.
Old West Joke
A three-legged dog walks into a saloon in the Old West. He sidles up to the bar and announces, "I'm looking for the man who shot my paw."
Buy Both Training Courses For Just $849
To order, please contact Tom Blackburne at 574-210-6686 or tommy@blackburne.com.
Tough School Joke
"I won't say our school was tough, but we had our own coroner. We used to write essays like, 'What I'm going to be if I grow up.'" -- Lenny Bruce
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.
A Mystery For You Mystery Fans
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.
Football Joke
Upon hearing football star, Joe Jacobi, of the 'Skin's say, "I'd run over my own mother to win the Super Bowl," Matt Millen of the Raiders said: "To win, I'd run over Joe's mom too."
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 - Funniest Introduction of Al Pachino
Robin Williams at his best.
On a Personal Note
The movie remake of Stephen King's classic novel IT is now out in theaters. I am so excited to see this movie because the original gave me nightmares as a kid. I think it is responsible for giving half of America a fear of clowns! Last week I rewatched the original for the first time in over a decade, and it is a must see if you are into scary movies. That being said, the trailers for the remake look significantly more terrifying. My heart is beating just thinking about It!
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
Two golfing friends were about to tee off when one fellow noticed that his partner had but one golf ball. "Don't you have at least one other ball?" he asked. "Nope, I only need one ball." "Are you sure? What happens if you lose that one?" "This is a very special golf ball. You can't lose it, so I don't need another one." "What do you mean you can't lose it! What happens if you slice your shot and the ball goes in the lake?" "That's okay, this special golf ball senses when it's under water and it puts out a steam of bubbles. I'll be able to retrieve it. You can't lose this ball." "Well what happens if you hit it into the long rough?" "No problem. You see, this ball can detect the long grass and it sends up puffs of fluorescent smoke. I'll be able to see it easily. You can't lose this ball." Exasperated, the friend asks, "Okay. Let's say our game goes late, the sun goes down, you hit your ball deep into the trees and it gets lost among the bushes and shrubs? What are you going to do then?" "That's okay too. You see, this special ball can sense the darkness and it makes a beeping sound. I'll be able to get it back - no problem." Finally satisfied that he needs only the one amazing golf ball, the friend asks, "Hey, where did you get a golf ball like that anyway?" "I found it."
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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