Mortgage Stuff Newsletter - C-Loans.com
Volume 13 Issue 6

Newsletter Date: October 29, 2013


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. You've heard the Big Boys - the commercial loan officers working for the biggest banks and conduits - use the term, "loan constant", but do you know its origin?. In addition - as always - we have lots of great jokes, gags and funny pictures too.

Joke Du Jour

A tour guide was talking with a group of school kids at Yellowstone Park when one of the kids asked him if he had ever came face-to-face with a wolf. "Yes, I came face-to-face with a wolf once. And as luck would have it, I was alone and without a weapon." "What did you do?" the little girl asked. "What could I do? First, I tried looking him straight in the eyes, but he slowly came toward me. I moved back, but he kept coming nearer and nearer. I had to think fast." "How did you get away?" "As a last resort, I just turned around and walked quickly to the next cage."

You Have the Right to Remain Silent ...

Submit Your Commercial Mortgage App Today

Blackburne & Sons continues to seek first mortgages between $100,000 to $2.5 million on standing commercial properties nationwide. Please be sure to bookmark our commercial mortgage rate sheet right now.

To apply for a private money commercial loan from Blackburne & Sons, please find your favorite loan officer below:

Tom Blackburne: 574-210-6686
To apply to Tom online, please click here.

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.

Pretend Student Joke

"An 18 year-old woman was arrested after spending the past eight months pretending to be a student at Stanford University and living in their dorms, even though she was not enrolled there. She pretended to be a student for eight months. Hey, that's nothing. I pretended to be a student for four years!" -- Jay Leno

Earlier I sent this joke to my two sons (graduates of Ohio State and Purdue), and George IV replied back, "Ha-ha! It was FIVE years." Smart-alek! :-)

What is a Loan Constant?

When I first started in mortgage finance 36 years ago, the typical mainframe computer was the size of a small home. It would take a mainframe computer a full two hours to compute the monthly payment on a $25,000 loan at a 4.25% interest rate, fully-amortized over 30 years.

Obviously a loan agent couldn't carry a ten-ton mainfame computer on his back when he went out to someone's home to take a loan application; but the borrowers still wanted to know what their monthly payments would be. Therefore the loan constant was created. A loan constant is merely the monthly payment on a loan of exactly $1,000, fully-amortized over 30 years.

For example, the loan constant for 4.25% is $4.90 per month. In other words, if you borrowed exactly $1,000 at 4.25% interest, and if you made $4.90 per month payments for 30 years, your $1,000 loan would be completely paid off.

Now the year is 1977, and I am on my way to take a loan application on a residential borrower at his home. Instead of lugging a ten-ton computer on my back, I just bring my trusty loan constant ($4.90 per month). When the borrower decides to borrow $25,000 and asks for his monthly payment, I simply multiply my trusty loan constant of $4.90 by the number of thousands that he wants to borrow, in this case 25. The answer is $122.50 per month. That's the monthly payment on a loan of $25,000, fully-amortized over 30 years at 4.25%.

Bible Reading for Today (Joke)

From Genesis: "And God promised men that good and obedient wives would be found in all corners of the earth." Then He made the earth round... and He laughed and laughed.

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!

Our Company Has a Fantasy Football League

I'm playing Angelica, our Executive Vice President, this week, so she sent me this:

We're Now Making Home Loans in California

For the past 33 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 invidual commercial loans or blanket residential loans (5+ houses) 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
NMLS # 389678

Desmond Stoll at 916-338-3232
NMLS # 1013512

Halloween Jokes

Q: Why do witches fly around on broomsticks?
A: Because vacuum cleaners are too heavy!

Q: What do you call a fat vampire slayer?
A: Puffy!

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.

Driver's License Joke

During a county-wide drive to round up all unlicensed dogs, a patrolman signaled a car to pull over to the curb. When the driver asked why he had been stopped, the officer pointed to the big dog sitting on the seat beside him. "Does your dog have a license?" he asked. "Oh, no," the man said, "He doesn't need one. I always do the driving."

Now Is the Time to Jump Into Hard Money!

Sooner or later the light bulb will go on for you. The real mortgage in mortgage banking is in loan servicing fees. We service around $50 million in hard money loans for a loan servicing fee of almost 2% per year.

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 Mick Carlson at 574-855-6292.

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.

Very Old Tiger Plays in a Fountain

This video will make you smile.

Buy Commercial Leads

You can buy commercial leads from C-Loans for just $1 to $9, plus 37.5 bps. when the deal closes.

The World's Most Foolish Mortgage Broker

I would nominate the broker who does not subscribe to my blog. Folks, I have a bad ticker. I had a heart attack and a triple bypass 10 years ago, at the ripe, young age of just 50. This blog is my desperate attempt to pass on a lifetime of knowledge and experience in commercial real estate finance to my wonderful sons, George IV and Tom, before I suddenly drop dead. You can spy on this wonderful training for free.

Let me put it another way. Every single lesson in every one of my expensive training courses started out first as a free blog article. Hellooo?

So please go to my blog right now, find my ugly picture, and insert your email address in the space immediately below. You will learn soooo much. I am starting to get into some really advanced and sophisticated subjects right now.


Featured Links


Apply for a Commercial Loan
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Learn Commercial Mortgage Finance
Find Your Own Private Investors
Market for Commercial Loans
Fee Collection Course
Earn Referral Fees in Your Sleep
Combo Packages
Cool Mortgage Broker Stuff
Cool Lender Stuff
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Contact Us

Learn to Broker $10MM Commercial Deals.

9-Hour Video Program Including Marketing, Underwriting, Packaging, Placement and Fee Collection. Just $499.

For details, click here or call Mick Carlson at 574-855-6292

Refer Loans to C-Loans By Hand and Earn Huge Referral Fees

Just input the email address of a borrower or broker and earn one-eighth of a point at closing! That's $1,250 for a $1 million loan. Click here.

Our Training Course Includes Over 60 Minutes on Fee Collection. No One Has Collected From More Lying, Deadbeat Borrowers Than George. You Can Order the Fee Agreement and Collection Training Separately for $199.

Call Mick at (574) 855-6292 or email him at mcarlson@blackburne.com

Got a Mortgage Web Site? Earn $5,000 Referral Fees in Your Sleep!

Just Click Here



COMMERCIAL LEADS


Just $2 to $3 Each
Plus 37.5 Bps on Closing.

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Read the C-Loans Blog

Pick up lots of great commercial brokerage practice tips for free.

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4-Hour Video Course, How to Find Your Own Private Mortgage Investors - Just $499

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C-Loans.com® is sponsored by C-Loans, Inc. — For more information, contact Mick Carlson
4811 Chippendale Drive, Suite 101, Sacramento, CA 95841 telephone: (574) 855-6292 * Fax: (916) 338-2328
Real Estate Broker -- California Department of Real Estate -- License Number 01330173

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