Volume 14 Issue 10

Newsletter Date: September 11, 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 commercial construction lending. And as always, we have lots of great jokes, funny pics, and a hilarious video for you today too.

Joke Du Jour

The cruise ship docked at a Mexican port during a very high tide. Everyone on board was forced to use the ship's narrow gangplank as a passageway to the dock far below. The staff stood motionless when a passenger in her 70s appeared at the top of the plank. There wasn't room for anyone to assist her, so she edged along slowly and finally made it to the dock safely, to everyone's relief. As she stepped down, she turned, looked back to the top of the gangplank and shouted, "It's okay, Mother, you can come down now."

My Heart Will Go On...

Theme song to Titanic

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:

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.

Jack the Ripper Joke

Reportedly the identity of Jack the Ripper, who killed five people in London, finally has been revealed. After hearing about it, the commissioner of the NFL suspended him for two games. -- Conan O'Brien

Commercial Construction Lending

For the last six years, the commercial loan lead with the least prospects was a lead on a commercial construction loan. The absolute last commercial loan that most banks were hungry to make was a conventional commercial construction loan.

Sure, multifamily construction was hot, especially with millions of foreclosed Americans moving back into apartments and with apartment rents increasing. But conventional (non-SBA or non-USDA) commercial construction loans were about as welcome as a male stripper at a (heterosexual) bachelor party. This is about to change.

Remember, there has been no conventional commercial construction lending for six years. During that time, the population of the U.S. has increased. Workers are getting back to work. More importantly, a lot of the population has relocated to North Dakota, Wyoming, Texas, and other shale oil production centers. These areas need commercial buildings.

Many of the commercial banks on C-Loans.com are now hungry to make conventional commercial construction loans.

Jack the Ripper Joke II

"Also from England, it turns out they have now identified Jack the Ripper. They found the DNA on an old white Ford Bronco. Not only that, but they now know the guy was married to Kelly Ripper." -- David Letterman

Preferred Equity "Loans"

Do you really understand preferred equity? This free whitepaper will help you to truly understand it. It's written in easy-to-understand layman's language.

You'll use preferred equity in three common scenarios. (1) You have an investor buying a non-owner-user commercial-investment property. The bank refuses to make a first mortgage larger than 60% LTV. The buyer only wants to put down 25%. We'll cover the gap. (2) Your client has a balloon payment coming due, but he can't qualify for a new first mortgage large enough to pay off the old first mortgage. We'll cover the gap. (3) Your client wants to buy out an impossible partner. We'll provide the capital to buy him out.

Got a potential preferred equity deal? Call your favorite B&S loan officer:

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.

Alicia Gandy: 916-338-3232
To apply to Alicia online, please click here.

Exercise Joke

"I watched a lot of football this weekend. I spent about 14 hours on the couch watching other people exercise. How much did I exercise this weekend? Not one second. I'm even thinking about hiring someone to carry me back and forth from the refrigerator to the TV set." -- Jimmy Kimmel

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.

Honest, Honey

One-Point Commercial Bridge Loans

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

Interest Rate: 9.9% to 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

Video - Tiny Little Mongoose Attacked By Four Lions

Tough little guy - lasted longer than I would have thought.

Place Your Commercial Loans With C-Loans.com

C-Loans.com recently closed an $18.5 million commercial construction loan. 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!

A Buddy of Mine Once Angered His Siamese Cat. The Next Time He Put on His Dress Shoes, a Smelly Surprise Was Waiting Inside

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

Porpoise Joke

A research group on sea mammals captured a rather odd porpoise on one of its trips. Its peculiarity was that it had feet. After they had photographed and measured the poor thing, they prepared to set it free. "Wait a minute," said one of the researchers, "Wouldn't it be a kindness if our ship's doctor here were to amputate the feet so that it would be like other porpoises?" "Not on your life," exclaimed the doctor, "That would be defeeting the porpoise."

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.

Insect Joke

One night, as he finished his last beer, Joe's doorbell rang. He answered the door and found a six-foot cockroach standing there. The bug grabbed him by the collar and threw him across the room, then left. The next night, the doorbell rang, and found the same six-foot cockroach standing there. The big bug punched him in the stomach, then left. The same thing happened the next night. This time, he was kneed in the groin and hit behind the ear as he doubled over in pain. Then the big bug left. The following day, Joe went to see his doctor. He explained the events of the preceding four nights. "What can I do?" he pleaded. "Not much" the doctor replied. "There's just a nasty bug going around."

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.

Tip Joke

I deliver pizza to help cover my college tuition. Once I called on customers who sent their seven-year-old son to pay me. As he approached the screen door, I noticed he was carrying a check in one hand and two dollars in the other, which I assumed was my tip. To my dismay, he pocketed the bills before handing me the check, which was for the exact cost of the pizza. "Could that have been a tip?" I asked, trying not to sound accusatory. "Yep," he replied proudly. "not bad for just a walk from the living room and back!"

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.

Stupid Joke

A man said to his wife, "I don't know how you can be so stupid and so beautiful at the same time." The wife responded, "Allow me to explain. God made me beautiful so you would be attracted to me; God made me stupid so I would be attracted to you!"

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

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List of Lender Phone Numbers
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Find Your Own Private Investors
Market for Commercial Loans
Fee Collection Course
Earn Referral Fees in Your Sleep
Combo Packages
Cool Mortgage Broker 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


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

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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 Bureau of Real Estate -- License Number 01330173

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