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. Today I am
going to show you how appraisers arrive at a cap rate for a
commercial property. In addition - as
always - we have lots of great jokes, gags and funny pictures
Joke Du Jour
There I was, sitting at the
bar staring at my drink, when a large, trouble-making biker steps
up next to me, grabs my drink, and gulps it down in one swig.
"Well, whatcha' gonna do about it?" he says menacingly. When I
burst into tears, the biker says, "Come on, man, I didn't think
you'd CRY. I can't stand to see a man crying." "This has been the
worst day of my life," I say. "I'm a complete failure. I was late
to a meeting, and my boss fired me. When I went to the parking
lot, I found my car had been stolen, and I don't have any
insurance. I left my wallet in the cab I took home, only to find
my wife in bed with another man. Then my dog bit me. So I came to
this bar to work up the courage to put an end to it all. I buy a
drink, I drop a capsule in, and I sit here watching the poison
dissolve. Then you show up and drink the whole thing! But hey,
enough about me, how's your day going?"
Leave the Two Alone!
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.
a trick-or-treater came to my door dressed as "Rocky" in boxing
gloves and satin shorts. Soon after I gave him some goodies, he
returned for more. "Aren't you the same 'Rocky' who left my
doorstep several minutes ago?" I asked. "Yes," he replied, "but
now I'm the sequel. I'll be back four more times tonight
very best of the Rocky movies was the last one, Rocky Balboa
(Rocky VI). I still remember the advice that Rocky gave to his
ain't all sunshine and rainbows. It is a very mean and nasty
place. It will beat you to your knees and keep you there
permanently if you let it. You, me or nobody is going to hit as
hard as life. But it ain't about how hard
you're hit, it is about how hard you can get hit and keep moving
forward, how much can you take and keep moving forward.
That's how winning is done!"
My wife and I
also saw Sylvestor Stallone's new movie, also starring the
"Governator", Escape Plan. It was a surprisingly good flick,
considering the two actors are approaching
Cap Rates Computed?
When an appraiser wants to
figure out the cap rates at which nearby commercial properties are
selling, he starts first by by gathering up the offering
memorandums on recently sold commercial properties. By the way,
an Offering Memorandum is a sales
brochure, prepared by the listing real estate broker, that
describes the commercial property that is for sale, includes color
pictures, and contains a pro forma operating statement on the
property. Please be sure to look at the sample offering memorandum.
From the offering memorandum,
the appraiser gathers the Net Operating Income number. Using the
NOI and the actual sales price, the appraiser can quickly compute
the cap rate. How exactly does he do this? Well, let's look at the
definition of cap rate.
Cap Rate = (NOI / Purchase
Price) x 100%
For this example, let's assume
that the appraiser looked at the original offering memorandum of a
recently-sold 8-unit apartment project and plucked off the number,
$48,619, as the NOI. The building eventually sold for $1,055,000.
Let's plug, chug, and then compute our cap rate:
Cap Rate = ($48,619 /
$1,055,000) x 100%
Cap Rate = .046 x 100%
Cap Rate =
More on commercial loans and cap
Speeding Mother Joke
My mom has a lead foot, so I
was not surprised when a state trooper pulled us over as we were
driving through Georgia. Hoping to get off with a warning, Mom
tried to appear shocked when he walked up to the car. "I have
never been stopped like this before," she said to the officer.
"What do they usually do, ma'am," he asked, "Shoot the tires
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
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
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
Finland, has been named the world's most honest city by Readers
Digest. You can always trust a Finn, unless it's attached to a
shark." -- Craig Ferguson
Video Course on How to Broker Commercial Mortgage Loans
This is my
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Broken Computer Joke
I work in a
busy office, and when a computer goes down, it causes quite an
inconvenience. Recently one of our computers not only crashed, but
it also made a noise that sounded like a heart monitor. "This
computer has flat-lined," a co-worker called out with mock horror.
"Does anyone here know how to do
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
Just Got a Used But Nice Mini Cooper
So my wife
just sent him this video.
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.