C-LOANS
LENDER LETTER Joke
Du Jour
A
New York boy, who was being led through the swamps of Louisiana
by his cousin, asked, "Is it
true that an alligator won't attack you if you carry a flashlight?"
The
cousin laughed and replied, "Depends on how fast ya carry
the flashlight."
C-Loans
Closes a $17 Million Loan!
Wow!
We here at C-Loans are doing dog-flips of joy thanks to
Peter Hayden of ICG Group in Foster City, California.
This large conduit deal was originated by ICG Group and
was closed by one of the major Wall Street firms.
According to Peter Hayden, "We never would have closed
this loan without C-Loans!"
SEVENTEEN
MILLION DOLLARS! Atta-boy, Peter.
Pretty
Girl Joke
While
my wife and I were shopping at a mall kiosk, a shapely young
woman in a short, form-fitting dress strolled by. My eyes
followed her.
Without
looking up from the item she was examining, my wife asked,
"Was it worth the trouble you're in?"
Important
Lesson From This $17MM Closing
If
you work at a major CMBS lender, take heart from this closing.
Peter Hayden is a mortgage banker and had to add
his fee on top of what he owed
to C-Loans on top of the fee charged
by his Wall Street investment bank. Yet he still managed
to close this $17MM deal.
If
you work for a direct CMBS lender, like Bank of America,
JP Morgan Chase, or Wachovia, you should be able to pluck
major deals off of C-Loans like grapes, especially when
you are dealing directly with the borrower.
Barbeque
Joke
A
man goes into his local building supply store in New York
City and orders 10,000 bricks. "May I ask what you're
building?" asks the man behind the counter.
"It's going to be a barbecue."
"Wow, that's a lot of bricks for one barbecue."
"Not really. You see, I live on the 12th floor."
Another
Neat Thing
The
general rule is that you cannot be listed on C-Loans unless
you are a direct commercial lender. Mortgage bankers
are not allowed on C-Loans ... unless they were former bankers
and they closed a ton of deals for C-Loans while they were
working for the bank.
Right
now you might have a great job at the bank, and your bank
might offer some of the best rates in the country.
Be smart. Use this opportunity to close at least five
loans for C-Loans. Then, Heaven forbid, should you
ever find yourself out of a job and working as a mortgage
banker, you will be able to stay on C-Loans. It's
a great way to lock in more financial security.
Statistics
Joke
At
his 103rd birthday party, my grandfather was asked if he
planned
to be around for his 104th.
"I
certainly do," he replied. "Statistics show that very few
people
die between the ages of 103 and 104."
Guaranteed
Success
Do
you want to triple the number of deals that you close on
C-Loans? Just call your
C-Loans app's within one hour.
C-Loans
is not about bidding against Giant Bank to offer an interest
rate that is 7 basis points lower. No-no-no.
C-Loans
is about speed. The first lender with reasonable
rates to reach the borrower usually wins the deal.
After
a borrower chooses his lender, he usually stops returning
phone calls. If you have ever tried to compete for
a sweet C-Loans deal and the darn borrower wouldn't return
your call, this is probably why. The loan app was
almost certainly older than an hour. Actually ...
it was probably much-much older than an hour.
So,
to close three times more deals, please try to call your
C-Loans app's within one hour.
Final
Joke
"My
car has this feature I guess is standard, because it was
on my last car, too. It has a rotating gas tank.
No matter what side of the pump I pull up to, it's on the
other side."
--- Rita Rudner
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