MORTGAGE STUFF (C-Loans
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
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."
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
To apply for a
private money commercial loan from Blackburne & Sons, please
find your favorite loan officer below:
To apply to Tom online, please click here.
To apply to Alicia online, please click here.
Desmond Stoll: 916-338-3232
to Desmond online, please click here.
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
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
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
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
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.
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
Company Has a Fantasy Football League
Angelica, our Executive Vice President, this week, so she sent me
We're Now Making Home Loans in
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
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 commercial deal or a California non-owner-occupied
residential deal? Please call your California Loan
Alicia Gandy at
NMLS # 389678
Stoll at 916-338-3232
Q: Why do
witches fly around on broomsticks?
A: Because vacuum cleaners
are too heavy!
Q: What do you
call a fat vampire slayer?
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
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
the Time to Jump Into Hard Money!
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.
training course, How to Find Your Own Private Mortgage
Investors. $499. Please click
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
Referral Fees. We've Made It Really Easy.
& 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.
click here to refer us a commercial
Tiger Plays in a Fountain
This video will make you smile.
You can buy
commercial leads from C-Loans for just $1 to $9, plus 37.5
bps. when the deal closes.
World's Most Foolish Mortgage Broker
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
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.