Mortgage Stuff Newsletter - Commercial Construction Loans are Hot!
Volume 15 Issue 4

Newsletter Date: March 15, 2015


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 how banks are once again hungry to make commercial construction loans. And as always, we have lots of great jokes, funny pics, and a pleasant little video for you.

Joke Du Jour

A hospital posted a notice in the nurses' mess saying: "Remember, the first five minutes of a human being's life are the most dangerous." Underneath, a nurse had written: "The last five are pretty risky too."

Sun Is Shinning, Birds Are Singing, Voices In My Head Are Screaming...

Business Loans Not Secured By Real Estate

I'm talking here about unsecured business loans, equipment loans, leases, inventory loans, factoring, accounts receivable financing, asset-backed lines of credit, etc.

The reason you want to get into the business of brokering business loans is because such loans close in 10 to 14 days, NOT three months.

C-Loans.com is now offering business financing. Please click here if you are trying to pace a business loan not secured by real estate.

First Name Joke

One caller to our answering service gave me his name, number and message and then said, "You know my name. What's yours?" "We're not allowed to give our names," I replied, "but my operator number is 4136" Sounding disappointed, he said, "May I call you by your first digit, or would that be too personal?"

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 will 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:

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.

Kansas Joke

My wife and I were traveling on the Kansas Turnpike, bucking 30 to 45 mph crosswinds. At the tollbooth, I asked the attendant, "What do you people do in Kansas when the wind quits?" The tollbooth attendant didn't miss a beat when she answered, "We take the rocks out of our pockets."

Filmed in Ferguson

Why You Simply Must Learn How to Underwrite Commercial Construction Loans

A handful of well-trained commercial mortgage brokers are about to make a fortune originating commercial construction loans over the next few years. There are three reasons why this is true.

  1. There has been almost no new commercial construction in the U.S. for the past eight years. The U.S. needs a few more commercial buildings in certain areas - like office space in San Francisco and multi-use industrial space in many of the nation's gateway cities (jokingly described as cities with football teams).

  2. Commercial construction loans are large, so the mortgage broker's fee will be large. One point on a $4 million commercial construction loan is a handsome $40,000.

  3. Banks love to make commercial construction loans because they are very profitable. The bank earns one point ($40,000) to two points ($80,000) upfront on the entire loan amount (say $4 million), even though the first draw or disbursement to pay for the demolition and grading might only be for $37,000. Construction loans are also short-term loans. Banks greatly prefer short-term loans.

On my free blog I started today the first in a series of several training articles that teaches even a brand new newbie how to underwrite a large commercial construction loan. You really owe it to yourself to read this article.

Do you need to place a commercial real estate loan of any size or type? You definitely should enter the deal into C-Loans.com. It's free! And remember, C-Loans has closed over 1,000 commercial real estate loans totaling over $1 billion.

Bathroom Joke

A five year old boy went for a weekend trip with his grandparents. On the way home, they stopped at a country restaurant for lunch. The little boy left the table to use the restroom by himself. A moment later he returned with a confused look on his face. He says, "Grandpa, am I a rooster or a hen?"

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:

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.

This is How Conspiracy Theories Get Started

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.

Bathroom Joke #2

Q: Two men are at a restroom, one is entering and the other is leaving. What are their nationalities?
A: Simple! The first is Russian and the second is Finnish.

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

Grumpy Joke

"White House officials tried to talk to Dick Cheney about softening his image, but they have been told never to interrupt him when he's yelling at puppies." -- Craig Kilborn

Place Your Commercial Loans With C-Loans.com

C-Loans.com recently (June of 2014) 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!

New Pope Joke

A high school history teacher was discussing the funeral of Pope John Paul II with his class. One student asked how they chose the new pope. The teacher explained the process, finishing with, "So the cardinals pick him." A student in the back of class, asked, very seriously, "Why would they let a baseball team pick the next pope?"

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

Tom Blackburne at 574-210-6686
NMLS # 1014118

Prayer Joke

Everyone was seated around the table as the food was being served. When little Logan received his plate, he started eating right away. "Logan, wait until we say our prayer," his mother reminded him. "I don't have to," the little boy replied. "Of course you do," his mother insisted, "we say a prayer before eating at our house." "That's at our house," Logan explained, "but this is Grandma's house and she knows how to cook."

Nine-Hour Video Course on How to Broker Commercial Mortgage Loans

Important note: This nine-hour video course now also includes my $399 audio course on Intermediate Commercial Real Estate Finance - all for the same $549 cost. This 9-hour video course 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.

Horse Joke

Earlier this year the US Postal Service issued a set of stamps featuring American racehorses. This must be one of the great ironies of the horse racing industry. If a horse wins its races, it gets put on the front of a postage stamp. If it loses, it gets put on the back!

Great 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.

Pygmy Marmoset Loves Her Toothbrush More Than Anything

Pretty cute video.

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.

Airplane Landing Joke

An airplane is coming to land at an airport obscured by fog. Visibility is practically nil, and the radar system is on the blink, so the pilot has to land on wits alone. "Flaps, check," he says to the co-pilot, "Landing Gear, check. Altitude, check. Right, we're going in. Hold on." The plane lands and comes to a screeching, grinding halt; just short of the edge of the runway. "Holy Cow!" exclaims the pilot, "This must be the shortest runway I've ever landed on!" The co-pilot looks left and right and says "Yeah, and about the widest too..."

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.

 


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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



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

Click here and bookmark it.



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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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