Mortgage Stuff Newsletter - Purchase Money Commercial Loans
Volume 14 Issue 7

Newsletter Date: June 18, 2014


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. Today we'll talk about purchase money commercial loans. They're different. And as always, we have lots of great jokes, funny pics, and a hilarious video for you today too.

Joke Du Jour

An ant and an elephant share a night of romance. The next morning the ant wakes up and finds that the elephant is dead. "Darn", says the ant, "one night of passion, and I spend the rest of my life digging a grave!"

Baby, Are You Jealous?

Submit Your Commercial Mortgage App Today

Blackburne & Sons continues to seek first mortgages between $100,000 to $3.5 million on standing commercial properties nationwide. Our hottest product right now is our blanket loan against a portfolio of rental homes. We'll also hypothecate notes and buy commercial loans at a discount.

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.

Taxidermist Joke

There was once an aspiring veterinarian who put himself through veterinary school working nights as a taxidermist. Upon graduation, he decided he could combine his two vocations to better serve the needs of his patients and their owners, while doubling his practice and, therefore, his income. He opened his own offices with a shingle on the door saying, "Dr. Jones, Veterinary Medicine and Taxidermy -- Either Way, You Get Your Dog Back!"

Purchase Money Commercial Loans

Purchase money commercial loans are much less risky than refinances. (1) The value of the property has been established in the open market, rather than based on the opinion of some fallible, potentially crooked, appraiser. (2) The buyer is putting cold, hard cash down. (3) The buyer is seldom in financial trouble. People who are losing money in their businesses seldom rush out and buy commercial-investment property.

Blackburne & Sons is therefore actively seeking purchase money commercial loans, and we are increasing our loan-to-value ratios on such property. We will now make a 75-0-25, a 70-10-20, a 70-15-15, or a 65-25-10, where the last number is the size of the buyer's downpayment. We might even go higher if we absolutely loved the property. Call your favorite B&S loan officer:

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.

Lots To Do Joke

"There is no pleasure in having nothing to do; the fun is in having lots to do and not doing it.” — Mary Wilson Little

Free Written Directory of 2,000 Commercial Lenders

Please notice I said TWO THOUSAND commercial lenders, not just 200. Imagine if you had scores and scores of commercial lenders for every deal. And did I mention it was free? To get your free list.

Under Certain Circumstances It Should Be Legal

Tiny Preferred Equity "Loans"

Suppose your client is trying to buy a commercial-investment property, like a non-owner-occupied office building. You take the deal to the bank, but the bank cuts the deal back to just 58% loan-to-value. The borrower is screaming at you because he only wants to put 25% down, and the deal cash flows perfectly at 75% LTV. The bank is just a scarety-cat.

If only there was a capital source which would add its equity to your client's 25% down payment to create a down payment large enough to satisfy the bank...

Blackburne & Sons will make tiny preferred equity investments (sort of like a second mortgage loan) that will take you from 58% LTV up to a 75% CLTV.

In many cases, the mortgage banker who wins the deal is the guy who can get his borrower the most leverage, so you really should promote the heck out of our new preferred equity program.

"You Shall Not Crucify Mankind On a Cross of Gold"

Next to Willow, my favorite movie of all time is The Wizard of Oz. Before the days of the VCR, NBC would broadcast the movie just once a year. For weeks in advance, the excitement would build.

On the night of the show, you could roll a nickel down the main street of any town in America and not hit a thing. Moms would make popcorn and bake cookies. The whole family would cuddle up together in front of the only color TV in the house. Watching The Wizard of Oz every year with my parents and my sister was the single warmest memory of my childhood.

But I learned a very interesting thing this week. Apparently The Wizard of Oz was written as a political satire, just like Gulliver's Travels. Enjoy this short video clip.

Wedding Joke

At the wedding reception someone yelled, "Would all the married men, please stand next to the one person who has made their life worth living." The bartender was almost crushed to death.

One-Point Commercial Bridge Loans

Please don't forget about Blackburne & Sons' one-point bridge loan product for commercial properties:

Interest Rate: 12.9%
Loan Fee: 1 point + $950 (nothing up-front)
Term: Six months
Prepayment Penalty: None
Maximum Loan-to-Value Ratio: 65% (70% on purchases)
Properties: Multifamily (5+ units), Commercial, and Industrial

Report Card Joke

Father: "Let me see your report card."
Son: "I don't have it."
Father: "Why not?"
Son: "My friend just borrowed it. He wants to scare his parents."

Place Your Commercial Loans With C-Loans.com

C-Loans.com just closed an $18.5 million loan last week. The broker earned a $92,500 commission.

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!

What Is The World's Thinnest Book? "What Men Know About Women"

We're Now Making Home Loans in California

For the past 34 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 individual 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:

Desmond Stoll at 916-338-3232
NMLS # 1013512

Alicia Gandy at 916-338-3232
NMLS # 389678

Small Part Joke (PG-13)

A young couple were married, and they celebrated their first night together, doing what newlyweds do, time and time again, all night long, with the lights turned off. Morning comes and the groom goes into the bathroom but finds no towel when he emerges from the shower. He asks his new bride to please bring one from the bedroom.

When she gets to the bathroom door, he opened the door, exposing his body for the first time to his bride, where she sees all of him well. Her eyes went up and down, and at about midway, they stopped and stared, and she asked shyly, "What's that?", pointing to a small part of his anatomy. He, also being shy, thought for a minute and then said, "Well, that's what we had so much fun with last night." And she, in amazement, asked, "Is that all we have left?"

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.

Exam Joke

Should you have any questions during the exam, just raise your hand. This should cause enough blood to flow to your brain to answer it yourself.

Great New Apartment Loan Program

You're probably used to thinking of Blackburne & Sons as a subprime commercial lender, but since our acquisition of CommercialMortgage.com (I paid more than a house), some of the nation's largest commercial mortgage investors are giving us wonderful opportunities. Please be sure to check out our great new apartment program.

To apply for an apartment 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.

Jamaica Joke

"Lawmakers in Jamaica are now considering a bill that would legalize marijuana. Let me repeat myself: Lawmakers in Jamaica are considering a bill to legalize marijuana. In related news, lawmakers in Italy are considering a bill to legalize spaghetti, and lawmakers in Ireland are considering a bill to legalize whiskey." -- Jimmy Fallon

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.

New Father Joke

A first-time father was taking a turn at feeding the baby some strained peas. Naturally, there were traces of the food everywhere, especially on the infant. His wife comes in, looks at the infant, then at her husband staring into space, then says, "What in the world are you doing?" He replied, "I'm waiting for the first coat to dry, so I can put on another."

Buy Commercial Leads

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

Get a Free e-Book on CREF

I've assembled my best commercial real estate finance training articles into a wonderful e-book that is yours free.


Featured Links


Apply for a Commercial Loan
List of Lender Phone Numbers
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
Cool Realtor Stuff
Subscribe to C-Loans Newsletter
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.

Click Here for More Details



Read the C-Loans Blog

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

Click here and bookmark it.



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

Click here for details

Sign Up for This Newsletter!

Click HERE

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 Bureau of Real Estate -- License Number 01330173

Return to C-Loans Home Page | Return to Blackburne.com Home Page

Copyright © 2013 C-Loans, Inc. All rights reserved.
Terms of Use
| Disclaimer | Awards & Affiliations | Privacy Policy
Site design by: NetPilot Web Solutions

If you wish to not receive our e-mail newsletters in the future,
please send an e-mail with "unsubscribe" in the subject line.