MORTGAGE STUFF (C-Loans Client Letter)
You are receiving this letter because you are a commercial mortgage broker client of either Blackburne & Sons or C-Loans, Inc. Removal instructions are below. I, George IV, will be writing this month's Mortgage Stuff letter for my father, as he is a little under the weather from the flu.
Today we'll talk about how staying up-to-date with the latest technology can make or break your business. As always, we will have lots of great jokes, gags and funny pictures too.
Joke Du Jour
A man calls his mother in Florida. "Mom, how are you?" "Not too good," says the mother. "I've been very weak." The son says, "Why are you so weak?" She says, "Because I haven't eaten in 38 days." The man says, "That's terrible. Why haven't you eaten in 38 days? The mother answers, "Because I didn't want my mouth to be filled with food if you should call."
Blackburne & Sons Loves Blanket Loans On Multiple Residential Properties
One side effect of the recession is that property values, especially in the Midwestern states, are very low. As a result, a single investor is able to purchase 5-6 homes in the Midwest for what it would cost to buy a single home here in California.
In the past couple months, Blackburne & Sons has seen an increase of these blanket loan requests (5 or more residential properties), and our investors LOVE them.
Blackburne & Sons can provide your borrower a blanket loan (as long as there are 5 or more units) that will have no prepayment penalty AND in some cases offer a partial release clause! This partial release clause is great as it allows the borrower to sell off individual units as needed.
Blackburne & Sons has just closed one such blanket loan. Take a look at it here!
Submit Your Blanket Loan Today
Blackburne & Sons continues to seek first mortgages between $100,000 to $2.5 million on standing commercial properties nationwide.
Here is our promised, long-delayed commercial mortgage rate sheet.
To apply for a private money commercial loan from Blackburne & Sons, please find your favorite loan officer below:
Alicia Gandy: 916-338-3232
To apply to Alicia online, please click here.
Desmond Stoll: 916-338-3232
To apply to Desmond online, please click here.
Tom Blackburne: 574-210-6686
To apply to Tom online, please click here.
Professor Schooling His Students
At Duke University, there were four sophomores taking Organic Chemistry. They were doing so well on all the quizzes, midterms and labs, etc., that each had an "A" so far for the semester. These four friends were so confident that the weekend before finals, they decided to go up to the University of Virginia and party with some friends there. They had a great time, but after all the hearty partying, they slept all day Sunday and didn't make it back to Duke until early Monday morning. Rather than taking the final then, they decided to find their professor after the final and explain to him why they missed it.
They explained that they had gone to UVA for the weekend with the plan to come back in time to study, but, unfortunately, they had a flat tire on the way back, didn't have a spare, and couldn't get help for a long time. As a result, they missed the final. The professor thought it over and then agreed they could make up the final the following day. The guys were elated and relieved. They studied that night and went in the next day at the time the professor had told them. He placed them in separate rooms and handed each of them a test booklet, and told them to begin. They looked at the first problem, worth five points. It was something simple about free radical formation. "Cool," they thought at the same time, each one in his separate room, "this is going to be easy." Each finished the problem and then turned the page.
On the second page was written: (For 95 points): Which tire?
How Technology Will Effect The Future of Your Company
Mark my words, by the time my 2 year old niece turns 18 she will have never heard of, or used, a fax machine. Technology is changing at an exponential rate, and your business needs to change with it.
Some of you "old timers" might be able think back on a time before the advent of email. From what my father tells me, things ran a lot slower then and dinosaurs would often eat your loan documents (kidding obviously).
All joking aside, the pace at which information is exchanged between borrowers and brokers, brokers and lenders, has increased rapidly and will continue to do so. The question is what should you expect? Why would you fax someone when you can scan and email them? Not only is it more cost effective, the image is by far more legible. If you have not purchased a scanner, you will need to in the near future.
If you have a particularly large loan package, it might be too large for traditional email so you might need to upload to a service like box.com. Box.com allows you to upload documents to their digital servers and send a link to the documents to whomever you want.
In the near future, eSigntatures will be common place. Forms will be completely filled out online and submitted instantaneously. If you do not have a strong digital advertising campaign, you will need to develop one. Borrowers of my generation are skittish of companies that do not have well maintained websites or an online presence.
As technology booms, you must keep up with the latest trends in order to maintain your competitive advantage. I hope that these pointers help you stay ahead (and of course, help you send your packages to Blackburne & Sons faster).
Place Your Commercial Loans With C-Loans.com
C-Loans.com is a commercial mortgage portal where you can enter a commercial loan in just four minutes and then submit it to hundreds of different commercial lenders with one click. And C-Loans is free!
Seeing Eye Dog Joke
A man goes into a bar with his dog. He goes up to the bar and asks for a drink. The bartender says "You can't bring that dog in here!" The guy, without missing a beat, says "This is my seeing-eye dog." "Oh man,” the bartender says, "I'm sorry, here, the first one's on me." The man takes his drink and goes to a table near the door.
Another guy walks into the bar with a Chihuahua. The first guys sees him, stops him and says "You can't bring that dog in here unless you tell him it's a seeing-eye dog." The second man graciously thanks the first man and continues to the bar. He asks for a drink. The bartender says "Hey, you can't bring that dog in here!" The second man replies "This is my seeing-eye dog."The bartender says, "No, I don't think so. They do not have Chihuahuas as seeing-eye dogs." The man pauses for a half-second and replies "What??! They gave me a Chihuahua??!"
We're Now Making Home Loans in California
For the past 32 years Blackburne & Sons has exclusively been a commercial lender. That has now changed. We are now aggressively seeking non-owner-occupied home loans in California. (Sorry, folks, we are ONLY licensed to make non-owner-occupied home loans in California. We cannot make home loans in any other state; but we will make commercial loans nationwide.)
Got a nationwide commercial deal or a California non-owner-occupied residential deal? Please call your California Loan Officer:
Alicia Gandy at 916-338-3232
Desmond Stoll at 916-338-3232
Mother-In-Law VS. Lion
A big-game hunter went on safari with his wife and mother-in- law. One evening, while still deep in the jungle, the Mrs. awoke to find her mother gone. Rushing to her husband, she insisted on them both trying to find her mother. The hunter picked up his rifle, took a swig of whiskey, and started to look for her. In a clearing not far from the camp, they came upon a chilling sight: the mother-in-law was backed up against a thick, impenetrable bush, and a large male lion stood facing her. The wife cried, "What are we going to do?" "Nothing," said the hunter husband. "The lion got himself into this mess; let him get himself out of it."
Nine-Hour Video Course on How to Broker Commercial Mortgage Loans
This is my bread-and-butter course that teaches you how to market for commercial loans, how to underwrite them (the ratios), how to place them, and how to collect your fee. Thousands of very happy commercial mortgage brokers have taken this course. Details.
A Minnesota couple decided to vacation to Florida during the winter. They planned to stay at the very same hotel where they spent their honeymoon 20 years earlier. Because of hectic schedules, it was difficult to coordinate their travel schedules. So, the husband left Minnesota and flew to Florida on Thursday. His wife would fly down the following day.
The husband checked into the hotel. There was a computer in his room, so he decided to send an e-mail to his wife. However, he accidentally left out one letter in her e-mail address, and without realizing his error, he sent the e-mail.
Meanwhile.....somewhere in Houston, a widow had just returned home from her husband's funeral. He was a minister of many years who was called home to glory following a sudden heart attack. The widow decided to check her e-mail, expecting messages from relatives and friends. After reading the first message, she fainted.
The widow's son rushed into the room, found his mother on the floor, and saw the computer screen which read:
To: My Loving Wife
Subject: I've Arrived
Date: 16 May 2003
I know you're surprised to hear from me. They have computers here now and you are allowed to send e-mails to your loved ones. I've just arrived and have been checked in. I see that everything has been prepared for your arrival tomorrow. Looking forward to seeing you then! Hope your journey is not as uneventful as mine was.
P.S. Sure is hot down here!
Now Is the Time to Jump Into Hard Money!
Four-hour training course, How to Find Your Own Private Mortgage Investors. $499. Please click here for details.
You can buy both of my famous training courses, How to Broker Commercial Mortgage Loans and How to Find Your Own Private Mortgage Investors, for just $799. Please call Tom Blackburne at 916-338-3232.
Even Birds Are Affected By Technology
Earn Big Referral Fees. We've Made It Really Easy.
Blackburne & Sons will pay you a referral fee of 20% of our loan fee, just for providing us with the name and the phone number of a prospective commercial mortgage borrower. We once paid a referral fee of $21,250 to a guy named Alan Dunn.
Just click here to refer us a commercial loan.
Buy Commercial Leads
You can buy commercial leads from C-Loans for just $1 to $9, plus 37.5 bps. when the deal closes.