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 how a few banks are starting to charge depositors a negative interest rate for keeping their money on deposit with the bank. We also have lots of cute, clean jokes, some funny pics, and a delightful video of a groggy man waking up after surgery.

Joke Du Jour

A man was driving down the road and ran out of gas. Just at that moment, a bee flew in his window. The bee said, "What seems to be the problem?" "I'm out of gas," the man replied. The bee told the man to wait right there and flew away. Minutes later, the man watched as an entire swarm of bees flew to his car and into his gas tank. After a few minutes, the bees flew out. "Try it now," said one bee. The man turned the ignition key and the car started right up. "Wow,"' the man exclaimed, "what did you put in my gas tank?" The bee answered, "BP!"

Only Blackburne & Sons Can Do This:

Blackburne & Sons has some truly unique and super cool programs:

1. We'll give you a bridge loan on your commercial property for only one point! There is no prepayment penalty.
   
   
2. 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.
   
   
3. 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.
   
   
4. We have a terrific apartment permanent program that can compete with Agency loans.
   
   
5. We buy commercial first mortgages (usually at a discount).
   
   
6. 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.

He Mustn't Know

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

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 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?

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.

Woodpecker Joke

Q: What do you call a woodpecker with no beak?
A: A headbanger!

Negative Interest Rates on Bank Deposits?

This week I read an interesting article written by the owner of EquityBuild. He made the following observation:

"Last week a small German cooperative savings bank in Bavaria -- Raiffeisen Gmund am Tegernsee -- shocked the financial world when it announced that beginning next month it would charge retail customers 0.4% to hold their cash in excess of 100,000 euros."

Citing baggage fees on top of ticket prices now being charged by airlines and resort fees on top of room charges now being charged by casinos in Las Vegas, he then went on to point out that such new policies have a tendency to quickly spread and become permanent once the initial shock wears off.

I think he's right. Imagine a world - not too long in the future - where every bank charges you interest just to keep your money on deposit with them and safe.

If you need a bank-quality commercial mortgage 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.

Some People Are So Full of It...

Spelling Joke

The teacher asked the kids in spelling class to tell what their father does for a living and then spell it. The first kid says, "My daddy's a baker. That's b-a-k-e-r. He makes bread and lots of sweet goodies to eat." The second kid says, "My daddy's a banker. That's b-a-n-k-e-r. He makes lots of money and buys us lots of toys." The next kid says, "My daddy's an electrician. That's e-l-a-k...uh, e-l-e-x...uh...." The teacher interrupts, saying, "That's okay, Raymond. Think about it, and we'll come back to you." Turning to Little Johnny, she says, "You're next, Johnny." Little Johnny says, "My daddy's a bookie. That's b-o-o-k-i-e, and I'll lay you odds ten-to-one Raymond don't ever spell electrician."

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.

Spying Joke

Q: What do you call a cow spying on another cow?
A: A steak out.

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.

Women Joke

"Whatever women do they must do twice as well as men to be thought half as good. Luckily, this is not difficult." -- Charlotte Whitton

Trojan Pinata

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.

It's Almost Football Season

"Gentlemen, it is better to have died a small boy than to fumble the football." -- John Heisman

"It isn't necessary to see a good tackle, you can hear it!” -- Knute Rockne / Notre Dame

"At Georgia Southern, we don't cheat. That costs money, and we don't have any." -- Erik Russell / Georgia Southern

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.

Almost Football Season Part II

"There's nothing that cleanses your soul like getting the hell kicked out of you." -- Woody Hayes / Ohio State

"A school without football is in danger of deteriorating into a medieval study hall." -- Frank Leahy / Notre Dame

"I don't expect to win enough games to be put on NCAA probation. I just want to win enough to warrant an investigation." -- Bob Devaney / Nebraska (Ha-ha! I loved this one.)

Video - Groggy Husband Hits It Out of the Park

Husband wakes up after surgery and thinks his wife is a nurse.

On a Personal Note

Yesterday, my daughter just had her 1st day of kindergarten. I had been preparing her for this day for several weeks. I made her say her teacher's name numerous times so she will never forget, we rehearsed how the 1st day will go, we discussed in detail what to do if she gets lost at school, and I even had my first serious talk about bullies. I can't believe she is already 5 years old and going to school. Man, I am getting old.

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

A man was feeling poorly and went to the doctor. After the exam, the doctor sat him down in his office and said, “I’ve got bad news for you. The tests confirm that you have terminal cancer, and you only have six months to live. By the way, you are also showing signs of Alzheimer’s.” The patient wiped his brow and said, “Whew, at least I don’t have cancer.”

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 829677