You are receiving this letter because you are a commercial real estate broker client of either Blackburne & Sons or C-Loans, Inc. Today we'll talk about how most commercial banks will no longer allow the seller to carry back a second mortgage on the purchase of commercial property. We also have lots of cute, clean jokes, several funny pics, and an interesting video for you.

Joke Du Jour

Three weeks after her wedding day, Joanna called her minister. "Reverend," she wailed, "John and I had a DREADFUL fight!" "Calm down, my child," said the minister, "it's not half as bad as you think. Every marriage has to have its first fight!" "I know, I know!" said Joanna. "But what am I going to do with the BODY?"

My Master Is Moving Under the Covers

Banks Won't Allow Commercial Second Mortgages

In the past, many banks would allow the seller to carry back a small second mortgage on purchase-money loans. The buyer might put down 20% of the purchase price, the seller would carry back a second mortgage for 10%, and then the bank would make a new first mortgage for 70% of the purchase price

Unfortunately, since the Great Recession, those days are gone. Banks will no longer allow any sort of secondary financing on the purchase of commercial property. They want the buyer to put down cash-to-loan. This often requires a whopping 40% downpayment

In contrast to the banks, Blackburne & Sons (est. 1980) is a commercial private money lender. We will allow second mortgages behind our first mortgages!

Please click here to submit a hard money commercial loan or call me, Tom Blackburne, at (574) 210-6686.

Milk Joke

A wife asked her husband, "Honey, could you please run to the store and get a carton of milk, and if they have eggs, get a dozen." A while later the husband returned with a case of quart milk cartons. Staring incredulously at the 12-pack case of milk, his wife asked, "Why on earth did you buy so much milk?" Her husband said, "They had eggs."

Private Money Commercial Loans Nationwide From $100,000 to $3.5MM

Is your client's commercial property partially vacant? 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? We make slightly scratched-and-dented commercial loans.

Our hot, new product is a blanket loan against a portfolio of rental homes. Rental homes? Yup, as long as there are at least five homes or units, we consider this to be a commercial loan. We even offer a partial release clause. This loan is ideal for speculators.

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.

Better Grades Joke

The little boy wasn't getting good marks in school. One day he made the teacher quite surprised. He tapped her on the shoulder and said, "I don't want to scare you, but my daddy says if I don't get better grades, somebody is going to get a spanking."

Down Payment Assistance on Commercial Property - We'll Increase Your Down Payment

No other lender in the country offers the following product. Suppose you have an investor client who wants to buy an office building or shopping center, not to occupy with his business, but rather merely to rent out for income. Prepare to be frustrated. Even though the deal will cash flow perfectly at 75% loan-to-value (LTV), the bank will be too nervous to exceed 60% LTV.

Your commercial-investment buyer has 25% of the purchase price to put down, but he doesn't have a whopping 40% to put down! Blackburne & Sons will contribute EQUITY, not a loan, to your deal and increase your buyer's downpayment from 25% to 40%.

Please click here for the details.

Shaving Ball Joke

A man enters a barbershop for a shave. While the barber is foaming him up, he mentions the problems he has getting a close shave around the cheeks. "I have just the thing," says the barber taking a small wooden ball from a nearby drawer. "Just place this between your cheek and gum." The client places the ball in his mouth and the barber proceeds with the closest shave the man has ever experienced. After a few strokes, the client asks in garbled speech, "And what if I swallow it?" "No problem," says the barber. "Just bring it back tomorrow like everyone else does."

One Point Commercial Bridge Loans

Suppose you have listed a commercial property for sale, and the seller is getting antsy. You can often hold him off long enough to find a buyer by getting him a bridge loan. Blackburne & Sons offers a six-month bridge loan for just one point. Please click here to submit a commercial bridge loan mini-app or call me, Tom Blackburne, at (574) 210-6686.

It's a Matter of PRIDE Now ...

New Apartment Program for "A" Deals

Because we have been in the commercial mortgage business for over 34 years, and because we own CommercialMortgage.com, Blackburne & Sons has been allowed to join just five other mortgage bankers to offer an incredible new apartment loan program for "A" quality deals. These loans close in our name and are sold to an institutional investor which purchased almost $400 million in apartment loans last year.

The 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.

Doctor Joke

"Well, at least you have your health... WHOOPS! I spoke too soon,” said the doctor, after looking at your chart.

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.

Amazing Video of the Lion Whisperer

Your jaw will drop to the ground. This conservationist wrestles with wild lions.

On a Personal Note

The 4th of July is always a great time.  The whole family is in town, booze are flowing, games are played, the lake water is tested, and fireworks are sent off.  Speaking of fireworks and testing, it never gets old testing the old man's blood pressure by buying the biggest and the best fireworks possible. Nothing stresses him out more than his children playing with explosives!  

In addition to the normal 4th of July festivities, this year was particularly awesome because we all got to watch my Netherlands team beat Costa Rica in a penalty kick shootout.  Hopefully, in 4 more years, I will be able to watch team USA play for the title.  I can only imagine the ridiculous fireworks that would be going off and how much my father will be on edge!!!

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!

Temperature Joke

A big shot business man had to spend a couple of days in the hospital. He was a royal pain to the nurses because he bossed them around just like he did his employees. None of the hospital staff wanted to have anything to do with him. The head nurse was the only one who could stand up to him.

She came into his room and announced, "I have to take your temperature." After complaining for several minutes, he finally settled down, crossed his arms and opened his mouth. "No, I'm sorry, the nurse stated, "but for this reading, I cannot use an oral thermometer." This started another round of complaining, but eventually he rolled over and bared his rear end. After feeling the nurse insert the thermometer, he heard her announce, "I have to get something. Now you stay JUST LIKE THAT until I get back!"

She leaves the door to his room open on her way out. He curses under his breath as he hears people walking past his door laughing. After almost an hour, the man's doctor comes into the room. "What's going on here?" asked the doctor. Angrily, the man answers, "What's the matter, Doc? Haven't you ever seen someone having their temperature taken?" After a pause, the doctor confesses, "Well, no. I guess I haven't. Not with a carnation anyway."

Contact Information

4811 Chippendale Drive, Suite 101, Sacramento, CA 95841 telephone: (574) 210-6686 * Fax: (916) 338-2328
Real Estate Broker -- California Bureau of Real Estate -- License Number 01330173