COMMERCIAL BROKER NEWSLETTER
You are receiving this letter because you either wrote to us or you are a commercial real estate broker client of either Blackburne & Sons or C-Loans, Inc. Today we'll talk about helicopter money. We also have lots of cute, clean jokes, some funny pics, and a wonderful update video about the pretty, young surfer who lost her left arm to a tiger shark.
Joke Du Jour
Our 15-year-old daughter, Melanie, had to write a report for school about World War II, specifically D-Day and the invasion of Normandy. "Isn't there a movie about that?" she asked. I told her there was, but I couldn't think of the name. Then it came to her, "Oh, I remember! Isn't it something like 'Finding Private Nemo?'"
Only Blackburne & Sons Can Do This:
Blackburne & Sons has some truly unique and super cool programs:
- We'll give you a bridge loan on your commercial property for only one point! There is no prepayment penalty.
- We are the only lender in the country offering small balance preferred equity. We'll raise as little as $100,000 if your client can't come up with a full 30-35% down to satisfy the bank.
- We offer private money (loosey-goosey underwriting) commercial loans with a 15 year term. Our competitors offer 2 to 3 year bridge loans. We offer 15-year permanent loans with no prepayment penalty. Never again will you have a balloon payment come due during a recession.
- We have a terrific apartment permanent program that can compete with Agency loans.
- We buy commercial first mortgages (usually at a discount).
- But instead of discounting your wonderful commercial first mortgage, consider pledging it as collateral for a smaller loan. This is called a hypothecation. We make loans secured by mortgage notes owned by the borrower.
More Afraid Of You, Than You Are Of Them
Private Money Commercial Loans Nationwide From
$100,000 to $3.5MM
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 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?
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 private money commercial loan or call me, Tom Blackburne, at (574) 210-6686.
"A new report says that former Secretary of State Condoleezza Rice recently rejected an offer from Donald Trump to be his running mate. When Trump's people asked why she rejected the offer, she said, 'For the last time, I'm Whoopi Goldberg.'" -- Seth Meyers
Why is Everyone Talking About Helicopter Money?
Nobel Prize-winning economist, Milton Friedman, is known to be the one who coined the term, “helicopter money”, in the now famous paper, “The Optimum Quantity of Money”, where he included the following parable:
“Let us suppose now that one day a helicopter flies over this community and drops an additional $1,000 in bills from the sky, which is, of course, hastily collected by members of the community. Let us suppose further that everyone is convinced that this is a unique event, which will never be repeated.” -- Milton Friedman
The reason that I am talking about helicopter money today is because I have heard this term, “helicopter money”, used more often by financial commentators in the past thirty days than in the past five years.
In one of the most important economic speeches given in our lifetimes, Fed Governor (but not yet Fed Chairman) Ben Bernanke, in November of 2002, gave a speech to the National Economist Club in Washington, D.C., entitled “Making Sure ‘It’ Doesn’t Happen Here”:
“… the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation...” -- Ben Bernanke
The “It” in the name of the above speech is deflation, and back in 2002, Japan had recently completed the first of its two Lost Decades.
Okay, so why is everyone - especially commentators on the European economy - talking so much these days about “helicopter money”? The answer is because quantitative easing and negative interest rates have not been enough to jumpstart the economy of the European Union. The economy in Europe is sluggish. The money supply refuses to grow, even with the European Central Bank (“ECB”) buying up trillions of Euros worth of sovereign bonds (a fancy word for bonds issue by a country, like Italy) and even with the ECB buying up trillions of Euros worth AAA and AA-rated corporate bonds. Inflation just won’t stay lit.
The rest of this article, taken from this month's Investor Letter to our 1,000+ private money investors, is finished in our blog article, Commercial Loans and Helicopter Money. While you're there, be sure to subscribe to our informative training blog.
If you need a bank-quality commercial loan right now from a life company, commercial bank, or conduit, you should enter your deal into C-Loans.com.
If you need a non-prime, subprime, or slightly-flawed commercial loan, simply complete this super-easy mini-app to Blackburne & Sons.
Photograph Taken in Coreleone, Sicily
Recent Poll Joke
"In the key swing states of Ohio and Pennsylvania, Trump is currently getting zero percent support from black voters. Obviously every poll has a margin of error, so it can actually be negative three percent." -- Stephen Colbert
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 and no prepayment penalty. Please click here to submit a commercial bridge loan mini-app or call me, Tom Blackburne, at (574) 210-6686.
"The easiest job in the world has to be coroner. Surgery on dead people. What's the worst thing that could happen? If everything went wrong, maybe you'd get a pulse." -- Dennis Miller
Buying or Selling a Commercial Property? We'll Help Your Buyer With His Down Payment!
No one else in the entire country does what we do. We add our equity dollars - not debt dollars - to your buyer's down payment to create a down payment large enough to satisfy the bank.
The reason you need us is because banks are now requiring a 40% down payment on the purchase of most commercial-investment properties. To make matters worse, most banks today will not even allow the seller to carry back a second mortgage.
Does your buyer really want to put down 40% of the purchase price? Our small-balance preferred equity solves your problem. Please click here for more information about our preferred equity.
Blackburne & Sons (est. 1980) is a commercial private money lender. We will allow second mortgages behind our own first mortgages!
Please click here to apply for preferred equity or a private money commercial mortgage. You can also call me, Tom Blackburne, at (574) 210-6686.
My dear friend, a divorcee, never remarried, and her daughter wanted to know why. "The men I know would bring too much heavy baggage to the marriage, and I simply don't want to put up with it," she explained. Taking her mother's hand in hers, my friend's daughter said sweetly, "I hate to break the news to you, Mom, but you're not exactly carry-on yourself."
I Stand Strong For My Beliefs
Sweet Apartment Program for "A" Deals
Blackburne & Sons has an incredible apartment loan program for "A" quality deals. 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 fixed rate, 30-year fully-amortized loan. For more details, please call Tom Blackburne at (574) 210-6686.
A little boy wanted $100.00 very badly and prayed for weeks, but nothing happened. Then he decided to write God a letter requesting the $100.00. When The postal authorities received the letter addressed to: God, USA, they decided to send it to the President. The President was so amused that he instructed his secretary to send the little boy a $5.00 bill. The President thought this would appear to be a lot of money to a little boy. The little boy was delighted with the $5.00 bill and sat down and wrote a thank-you note to God, which read: "Dear God, Thank you very much for sending the money. However, I noticed that for some reason you sent it through Washington, DC. Do you know those bureaucrats deducted $95.00 in taxes!"
Two Ways To Earn Referral Fees For Commercial Loans
This one is an absolute no-brainer. You simply put a link to C-Loans.com on your real estate website. We once paid a $21,250 referral fee to a guy who was asleep when the lead came in! Here are the details.
You can also referral commercial loans by hand. Here is our referral fee program.
Playing Doctor Joke
A woman brings eight-year-old Johnny home and tells his mother that he was caught playing doctors and nurses with Mary, her eight-year-old daughter. Johnny's mother says, "Let's not be too harsh on them... they're bound to be curious about sex at that age." "Curious about sex?" replies Mary's mother. "He's taken her darn appendix out!"
Video - Update on Shark Attack Victim
Lovely, one-armed surfer mom places third in the World Championships
On a Personal Note
I recently took a weekend vacation to Brown County State Park, which is about 1hr south of Indianapolis. It is a relatively small park, but with lots of outdoor activities to keep you busy. We went to several wineries, rode horses, and even stayed in a cabin that overlooked the park - what a view. Everything thing was perfect ... until we heard on the news that a black bear was spotted in Brown County for the fist time in several decades. Apparently the bear swam over the Ohio River from Kentucky, most likely in search of food. The last time I checked, human was on the menu for bears!
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 - Oldie But a Goodie
A young girl who was writing a paper for school came to her father and asked, "Dad, what is the difference between anger and exasperation?" The father replied, "It is mostly a matter of degree. Let me show you what I mean." With that the father went to the telephone and dialed a number at random. To the man who answered the phone, he said, "Hello, is Melvin there?" The man answered, "There is no one living here named Melvin. Why don't you learn to look up numbers before you dial". "See," said the father to his daughter. "That man was not a bit happy with our call. He was probably very busy with something, and we annoyed him. Now watch..." The father dialed the number again. "Hello, is Melvin there?" asked the father. "Now look here!" came the heated reply. "You just called this number, and I told you that there is no Melvin here! You've got a lot of guts calling again!" The receiver slammed down hard. The father turned to his daughter and said, "You see, that was anger." The father dialed the same number three more times, with increasingly furious responses. Finally he said, "Now I'll show you what exasperation means." He dialed the same number, and when a violent voice roared, "Hello!" The father calmly said, "Hello, this is Melvin. Have there been any calls for me?"
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