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 creative office space. We also have lots of cute, clean jokes, some funny pics, and a troubling shark video.
Joke Du Jour
My neighbor was bit by a stray rabid dog. I went to see how he was and found him writing frantically on a piece of paper. I told him rabies could be treated, and he didn't have to worry about a will. He said, "Will? What will? I'm making a list of the people I want to bite."
Even Chuck Norris Wouldn't Mess With This Guy
Private Money Commercial Permanent 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.? Do you need a loan against a portfolio of single family homes?
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, Alicia Gandy, at (916) 338-3232.
Ravens Joke
Just like a group of lions is called a pride, a group of ravens is called a murder. So...
Q: What do you call two ravens sitting next to each other?
A: An attempted murder.
What On Earth is Creative Office Space?
Creative office space is the hot new buzzword among real estate developers and commercial real estate professionals. Creative office space is office space that is designed to feel as comfortable as home and space that is very conducive to collaboration among employees.
I have just completed a training blog article on creative office space, and I strongly encourage you to read it. The training article is just one page long, and I try to use lots of examples.
While you're reading my blog article, I strongly encourage you to sign up for my blog. It's free training in commercial real estate finance. I started writing these training articles to train my two sons ten years ago, and I promise you that every article is jam-packed with genuine training (as well as lots of funny pics).
To those of you who have read my training articles before and gotten a lot out of them, here is a trick: If you run across a strange commercial real estate finance term - let's say "shadow anchor" - go to Google and type in "C-Loans blog shadow anchor." You'll see what I have written on the subject.
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 allow sellers to carry back a second mortgage behind our first mortgage.
- We will actually lend up to a 75% loan-to-value ratio. Banks claim they will lend up to 75% LTV, but in real life they will only go 68% LTV.
- 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).
- 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.
Communications Joke
A husband and wife were at a party chatting with some friends when the subject of marriage counseling came up. "Oh, we'll never need that. My wife and I have a great relationship," the husband explained. "She was a communications major in college, and I majored in theater arts. She communicates well, and I act like I'm listening."
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 loan. Use of CommercialMortgage.com is also 100% free!
The Lady Sounds Serious. Maybe You Should
Back Off?
Fancy Restaurant Joke
A man is dining in a fancy restaurant, and there is a gorgeous redhead sitting at the next table. He had been checking her out since he sat down, but lacked the nerve to talk with her. Suddenly she sneezes and her glass eye comes flying out of its socket towards the man. He reflexively reaches out, grabs it out of the air, and hands it back. "Oh my, I am so sorry," the woman says as she pops her eye back in place. "Let me buy you dessert to make it up to you." They enjoy a wonderful dessert together, and afterwards, the woman invites him to the theater followed by drinks. After paying for everything, she asks him if he would like to come to her place for a nightcap...and stay for breakfast the next morning. The next morning, she cooks a gourmet meal with all the trimmings. The guy is amazed! Everything has been incredible! "You know," he said, "you are the perfect woman. Are you this nice to every guy you meet?" "No," she replies, "you just happened to catch my eye."
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 Alicia Gandy at (916) 338-3232.
Chicken Wife Joke
A man runs to the doctor and says, "Doctor, you've got to help me. My wife thinks she's a chicken!" The doctor asks, "How long has she had this condition?" "Two years," says the man. "Then why did it take you so long to come and see me?" asked the shrink. The man shrugs his shoulders and replies, "We needed the eggs."
Do You Need a Commercial Loan Right Now?
If you need a non-prime, subprime, or slightly-flawed commercial loan, 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.
Ugly Faces Joke
Finding one of her students making faces at others on the playground, Ms. Smith stopped to gently reprove the child. Smiling sweetly, the Sunday School teacher said, "Bobby, when I was a child, I was told that if I made ugly faces, it would freeze and I would stay like that." Bobby looked up and replied, "Well, Ms. Smith, you can't say you weren't warned."
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, Alicia Gandy, at (916) 338-3232.
Maybe Chuck Norris Should Stay Away From This Kid Too?
Corn on the Cob Joke
We were eating corn on the cob two weeks ago, and my 5-year-old daughter Rachel seemed to be struggling with it a little bit. I said "Rachel, eat it like a typewriter." Se looked at me with pure innocence in her eyes and said "Mommy, what's a typewriter?"
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, Alicia Gandy, at (916) 338-3232.
Diet Joke
You know its time to diet when
... you start putting mayonnaise on your aspirin.
... your driver's license says, "Picture continued on other side."
... you are diagnosed with that flesh-eating virus, and the doctor gives you 22 more years to live.
Two Ways To Earn Referral Fees For Commercial Loans - We Once Paid $21,250.
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.
Shark Video
Maybe you shouldn't be paddle-boarding in this area.
On a Personal Note
We are currently running a “SUMMER SPECIAL” here at Blackburne & Sons. We are trying to attract loan amounts of $500,000 or less. If you submit a loan to me and we end up issuing a loan approval letter, I will send you a copy of George Blackburne’s famous fee agreement OR our underwriting manuals, both worth $199 each! Please give me a call or email me with any new deals you may have. We are ready to close your loan!
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
Sister Mary Ann, who worked for a home health agency, was out making her rounds visiting homebound patients when she ran out of gas. Fortunately, an Exxon station was just a block away. She walked to the station to borrow a gas can and buy some gas.
The attendant told her that the only gas can he owned had been loaned out, but she could wait until it was returned. Since Sister Mary Ann was on the way to see a patient, she decided not to wait and walked back to her car. She looked for something in her car that she could fill with gas, and spotted the bedpan she was taking to the patient.
Always resourceful, Sister Mary Ann carried the bedpan to the station, filled it with gasoline, and carried the full bedpan back to her car. As she was pouring the gas into her tank, two Baptist ladies watched from across the street. One of them turned to the other and said, "If it starts, I'm turning Catholic."
Contact Information
Alicia Gandy
BRE# - 01430908
NMLS# - 389678
BLACKBURNE & SONS REALTY CAPITAL CORPORATION
4811 Chippendale Drive, Suite 101
Sacramento, CA 95841
Phone: (916) 338-3232
Fax: (916) 338-2328
Email: gandy@blackburne.com
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