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 have a great, free download for you - "How To Find Houses to Flip." We also have lots of cute, clean jokes, some funny pics, and a hilarious video of a modern day job interview.
Joke Du Jour
A lady moved from Phoenix to Seattle, and the day she moved it was raining. While she moved in, it rained. The next day it rained... and the next. After several rainy days, while standing on her porch, she noticed a young boy on the porch of her neighbor's house. Trying not to sound too depressed, in a cheerful voice she called over to the lad, "Hi son, I'm your new neighbor." "Hi," the boy called back and waved. "Say, son, does it ever stop raining here?" she asked. With a look of consternation, the youngster replied, "How would I know, lady? I'm only six-years-old!"
Those of Us Who Own Cats Can Really Relate
Download Your Free Guide, "How To Find Houses To Flip"
Download your free guide here.
Save the Economy Joke
An old friend sent me this:
To help save the economy, the Government will announce next month that the Immigration Department will start deporting seniors (instead of illegals) in order to lower Social Security and Medicare costs. Older people are easier to catch, and they don't remember how to get back home. I started to cry when I thought of you. Then it dawned on me. Oh, crap! I'll see you on the bus.
Hot-To-Trot To Make Fix and Flip Loans
Blackburne & Sons is making a huge push into fix and flip lending. Of course we will still make our private money permanent loans on commercial properties nationwide; but we are now also making fix and flip loans across the country.
Please click here to submit a fix and flip loan or a hard money commercial loan or call me, Tom Blackburne, at (574) 210-6686.
Oprah Joke
"The stars gathered in Los Angeles for the Golden Globes. Oprah Winfrey delivered a speech so powerful that all day long people have been asking if Oprah will run for president - which at this point, wouldn't president be a demotion for Oprah?" -- Jimmy Kimmel
Still Making 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 against 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.
Pronunciation Joke
A young schoolboy was having a hard time pronouncing the letter "R" and all the other kids were, of course, teasing him about it. To help him out, the teacher gave him a sentence to practice at home: "Robert gave Richard a rap in the ribs for roasting the rabbit so rare." In class a few days later, the teacher asked the boy to recite the sentence out loud. The boy nervously eyed his classmates - many of them already laughing at him - then replied, "Bob gave Dick a poke in the side because the bunny wasn't cooked enough."
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 commercial loan.
CommercialMortgage.com ("CMDC") is also 100% free!
Football Joke
"The reason women don't play football is because eleven of them would never wear the same outfit in public." - Phyllis Diller
Get a Free Commercial Mortgage Marketing Course
We sell this course separately for $199. Click here to get your free commercial mortgage marketing course.
Uber Joke
"A man in London just took Uber's one-billionth ride, and to celebrate, Uber gave him a year's worth of free rides. The man says he's excited to spend the entire year drunk." -- Jimmy Fallon
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.
Want to get this $549 course for free? Get me all of the contact information - address, email, etc. - on ten bankers, and I will send you the course for free. Guys, the ONLY acceptable bankers are loan officers working for FDIC-insured commercial banks or credit unions. Got ten? Write to me personally, George Blackburne III (the old man and founder) for this special trade.
Put Down the Toilet Paper Roll and Step Away From the Bathroom
It's the Loan Servicing Income, Folks
The loan servicing portfolio for Blackburne & Sons just broke $53 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.
Sausages Joke
Patient: "Doctor, my wife thinks I'm crazy because I like sausages."
Psychiatrist: "Nonsense! I like sausages too."
Patient: "Good, you should come and see my collection. I've got hundreds of them."
Buy Both Training Courses For Just $849
To order, please on contact Tom Blackburne at 574-210-6686 or tommy@blackburne.com.
iPhone Joke
"A tech blogger in California used a weather balloon to drop an iPhone from the edge of space, at 100,000 feet in the air, to see what would happen - and still, somehow, the phone landed in the guy’s toilet." -- Jimmy Fallon
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 lenders on CommercialMortgage.com (3,159 commercial mortgage lenders) are different from the 750 commercial lenders on C-Loans.com.
The really hungry lenders join C-Loans.com, and using C-Loans you can actually submit your loan to 750 commercial lenders and get the ball rolling.
I Never Had Relations With That Female
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.
Fishing Joke
I went fishing this morning. After a short time I ran out of worms. Then I saw a cottonmouth with a frog in his mouth. Frogs are good bass bait. Knowing the snake couldn't bite me with the frog in his mouth, I grabbed him right behind the head, took the frog, and put it in my bait bucket.
Now the dilemma was how to release the snake without getting bit. So I grabbed my bottle of Jack Daniels and poured a little whiskey in its mouth. His eyes rolled back, he went limp. I released him into the lake without incident and carried on fishing using the frog. A little later, I felt a nudge on my foot. There was that same snake, with two frogs in his mouth. Life is good in the South.
We're Now Making Business Purpose Rental Home Loans in Six States
These loans are sometimes known as buy-to-rent loans. For the past 37 years, Blackburne & Sons has exclusively been a commercial lender. This has now changed. We are aggressively seeking non-owner occupied home loans in California and these other states:
- California
- Florida
- Arizona
- Washington
- New Jersey
- Missouri
- Probably your state too. Call for details.
The property has to be non-owner occupied, and the purpose of the loan must be for business. The nice thing about business purpose home loans from Blackburne & Sons is that our loans have a 15-year term and no prepayment penalty.
Got a commercial deal nationwide or a business purpose, non-owner-occupied residential deal in one of the above four states? Please call your loan officer:
Tom Blackburne at 574-210-6686
NMLS # 1014118
Loans made under the California Finance Lenders Law.
Oldie But Pretty Funny
"Every day, we get another revelation about Clinton from WikiLeaks. Anymore, and we’re going to need WikiDepends." -- Stephen Colbert
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 - Hilarious Job Interview
This was very clever, and the acting was great.
On a Personal Note
This month marks the 1 year anniversary of when I purchased my first house. It was a foreclosure, so I got a great deal on it - but the house needed a LOT of work. I was never very familiar with handiwork growing up, so all of the repairs I've had to learn by word of mouth or Youtube, of course haha. I am proud to say that by the end of October, my house will be completely remodeled...well, except for patching the garage...and painting the downstairs bathroom...and replacing the kitchen flooring. Ok, by the end of the month I will be mostly* done with the remodeling - I hope!
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
Some neighbors of ours had a terrible disagreement over a patio they wanted for their backyard. The wife had rather grand ideas, while the husband wanted costs kept to a minimum. The wife won out, and the construction bill climbed higher and higher.
I dropped by one day, when the patio was near completion, and was surprised to find the husband smiling from ear to ear as the workmen smoothed over the surface. I remarked how nice it was to see a grin replace the frown he had been wearing lately. "You see where they're smoothing that cement?" he replied. "I just threw my wife's credit cards in there."
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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