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 explain mezzanine loans in plain English. We also have lots of cute, clean jokes, some funny pics, and a video of an unarmed man being attacked by a black panther.

Joke Du Jour

A guy walks into a bar and sees a dog playing poker. The guy is amazed. "Bartender, is that a real dog playing poker?" the guy asks. "Yep, real as can be." the bartender replies. "Is he any good?" the guy asks. "Naw, every time he has a good hand, he wags his tail."

Introducing CommercialMortgage.com

C-Loans, Inc. recently introduced a brand new commercial mortgage portal, CommercialMortgage.com ("CMDC"), to compete against our flagship portal, C-Loans.com.

You are going to love CommercialMortgage.com because it is much easier to use than C-Loans.com to find lenders. CMDC is also much easier to use on your cellphone. It works just like an app.

Even if you don't need a commercial loan right now, please come and take a two-munute test drive of CommercialMortgage.com. Imaginary lender searches are very welcome. Please be sure to bookmark the site too. CMDC is a pretty cool domain name, huh? We paid $100,000 just for the URL, CommercialMortgage.com.

I Need a Funny Headline Here

Please insert Flashlight Pic here

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 allow sellers to carry back a second mortgage behind our first mortgage.
   
   
3. We will actually lend up to a 75% loan-to-value ratio. Banks claim they will loan up to 75% LTV, but because of this or that, they will only go 68% LTV.
   
   
4. 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.
   
   
5. 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.
   
   
6. We have a terrific apartment permanent program that can compete with Agency loans.
   
   
7. We buy commercial first mortgages (usually at a discount).
   
   
8. 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.

A Couple of Cute Funnies

Q. Can a kangaroo jump higher than a house?
A. Of course! Houses can't jump.

Q. Why do fish live in saltwater?
A. Because pepper water makes them sneeze.

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

Do you need a purchase money lender who will actually go to 75% loan-to-value? 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 lender who will also look at the borrower's global income - income from salaries, other investments, etc.?

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.

Tie Joke

An Englishman, a Scotsman, an Irishman, a Latvian, a Chinese, a Japanese, a Kiwi, a Canuck, an Eskimo, a Fijian, a Turk, an Aussie, a Yank, an Egyptian, a Spaniard, a Mongolian, a Tibetan, a Pollack, a Mexican, a Spaniard, a Greek, a Russian, an Estonian, a German, an Indian, an Italian, a Brazilian, a Kenyan, a South African, a Filipino, a Pakistani, a Korean, an Argentinean, a Lithuanian, a Dane, a Finn, a Swede, an Israeli, a Romanian, a Bulgarian, a Serb, a Czech, a Croat, and a Panamanian go to a fancy bar... The bouncer says: "Sorry. I can't let you in without a Thai."

Mezzanine Loans in Plain English

Mezzanine loans are similar to second mortgages, except a mezzanine loan is secured by the stock of the corporation that owns the property, as opposed to the real estate. If the lender forecloses on the stock, it owns the corporation that owns the building.

Why use a mezzanine loan? Why not just use a garden-variety second mortgage? The answer is that a lender can foreclose on a mezzanine loan in just 5 weeks, as opposed to 18 months. We’ll cover this in more detail further below.

For ease of understanding, I am going to use the words, “corporations” and “stock”, throughout this training article. In real life, title to most large commercial properties these days is held in the name of a limited liability company (“LLC”). LLC’s do not have stock. They have membership interests instead. For our purposes, however, there is little difference between a corporation and a LLC, and corporations and stock are easier terms for most people to understand.

Read more.

If you need a non-prime, subprime, or slightly-flawed commercial loan (Blackburne & Sons would definitely make this loan to the CPA), simply complete this super-easy mini-app to Blackburne & Sons.

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 still can't find a commercial lender using C-Loans, then try CommercialMortgage.com. Keep in mind that the 3,159 commercial lenders on CommercialMortgage.com are different than the 750 commercial lenders on C-Loans.

In any case, you should come visit CommercialMortgage.com right now and take it for a free test drive. You do NOT need a real life commercial loan request.

Didn't James Bond Walk Across the Backs of Some Crocs?

Please insert Crocs Pic here

Stamps Joke

A woman goes to the post office to buy stamps for her Christmas cards. Clerk: What denomination do you want? Woman: Oh, good heavens! Have we come to this? Well, give me 50 Catholics and 50 Baptists.

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.

Grandma's Pie Joke

Granny Adams made such beautiful pies. One day I asked her, "How do you get such beautiful pies with the crimps around the edge so even?" "Well, it's a family secret," she said. "But if you promise not to tell, I'll let you in on it." "Okay," I said. "Tell me!" "Well, first, I roll out the dough, making sure it is flat and even. Then I cut out the bottom layer and carefully put in the pie plate and make sure it is firmly against the sides of the plate. "Then I slowly pour in the filling, making sure it's not too full. "Next, I cut out the top layer and carefully put it over the filling. "Finally, I take out my teeth and just run them around the edge of the pie crust, and they make the nicest even impressions you ever did see!"

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 35% to 40% down payment on the purchase of many 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 35% to 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.

Cat Lady Joke

"Police are looking for a woman who stole $3,000 worth of cat-grooming supplies at an airport baggage carousel. Police describe the suspect as 'single.'" -- Seth Meyers

I Need a Funny Headline Here

Please insert Lazy Dog Pic here

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.

Bus Joke

"A dog in Seattle is making news after commuters noticed it had been riding the bus to a local park all by itself. Everyone says the dog is amazing, while the dog said, panicking, 'I gotta find that blind guy. I'm in a lot of trouble if I don't find him.'" -- Jimmy Fallon

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.

Incapacitated Joke

I was recovering from surgery when a charity representative phoned asking me to take part in a door-to-door fund-raising effort. "Sorry," I replied, "but I've been incapacitated." Undaunted, the caller kept trying to convince me to change my mind and volunteer. I interrupted and said, "I'm incapacitated. Do you know what that means?" She hesitated. "It means your head was cut off?”

Video - Viewer Discretion Advised

Unarmed man attacked by a black panther

On a Personal Note

This past Sunday, my girlfriend and I took advantage of the nice weather and our free time by volunteering at the Indianapolis Humane Society. We walked dogs, played with cats, and ultimately decided to commit to volunteering regularly. Hopefully, after a few more sessions, I will have built up the courage to walk some of the most troubled dogs, which predominately are pit-bull mixes. And while it is hard to establish a relationship with these animals, knowing most of them will be euthanized, it is gratifying knowing I had a small, yet relevant, part in their happiness.

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

Eric is sitting at the bar staring morosely into his beer. Tom walks in and sits down. After trying to start a conversation several times and getting only distracted grunts he asks Eric what the problem is. "Well," said Eric, "I ran afoul of one of those trick questions women ask. Now I'm in deep trouble at home." "What kind of question?" asked Tom. "My wife asked me if I would still love her if when she was old, fat and ugly." "That's easy," said Tom. "You just say 'Of course I will'". "Yeah," said Eric, "That's what I did, except I said, 'Of course I DO....'"

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