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 I'll share with you some commercial real estate finance concepts and terms that I've recently learned.
Joke Du Jour
I had just purchased a brand new GPS for my car, and I drove to a drugstore. Since the manual said not to leave the GPS in the car unattended, I brought it with me into the store. While there, the GPS came alive, and a voice stated, "Lost satellite contact." I wasn't embarrassed until a woman turned to me and said, "Your ankle bracelet monitor is talking to you."
Meet George in Las Vegas
George Blackburne III (the old man - in other words, me) will be a panelist at the 2011 Pitbull Hard Money Conference on March 3rd at the Mirage in Las Vegas. With the banks out of the commercial mortgage market, this is the Year of the Hard Money Lender. This conference will teach you how to make the jump from broker to lender. For details, please go to http://www.pitbullmortgageschool.com.
New Bumper Sticker
BEER: It's not just for breakfast anymore.
I'm a Grandfather For the First Time!
My second son, Tom, and his lovely lady, just gave me my very first grandchild - a beautiful granddaughter named Reagan Paige Blackburne.
I got to hold her the other day, when the kids came over for a visit. "Hey, Gramp, you don't have to keep holding her. We can just put her down in her bassinet." Even though she was getting a little heavy, and my arm was going to sleep, I just couldn't part with her. God was busy wrapping rubber bands between her soul and mine, and I was in love.
Governor Christie Joke
"Lawmakers are getting tough on bullying. New Jersey Gov. Chris Christie signed some of the toughest anti-bullying laws in the nation. Then someone gave Christie a wedgie and said, 'Ha ha! You've got a girl's last name.'" -- Conan O'Brien
Hard Money Commercial Loans
Blackburne & Sons is hungry to fund commercial first mortgages, up to $1.5 million, preferably in California. Got a hot deal? Please call Alicia Gandy at 916-338-3232.
"There was a power outage at Newark Airport. Who wants a TSA pat-down with the lights off?" -- Jay Leno
Lots of New Hard Money Lenders Join C-Loans
Earlier I mentioned that this is the Year of the Hard Money Lender. Lots of new hard money lending companies are forming, and over 50 of them have now joined C-Loans.com. And unlike the banks, these hard money lenders actually want to close loans. Remember, our commercial mortgage portal, known as C-Loans.com, is free!
Dirty Water Joke
"A new study shows that California has the dirtiest tap water in the country. California officials insist that the dirty water is fine as long as you chew it thoroughly." -- Conan O'Brien
Line of Credit for Property Flippers in California
Are you buying California foreclosures and then flipping them? If so, please call me, George Blackburne, at 574-360-2486. I have a special line of credit program that you'll love.
We can go up to 60% loan-to-value on purchases of foreclosed property without appraisals. The rate is 8.9% and the fee is 3.5 points. These are 1-year loans, with the option of extending, for an additional fee, for one more year.
The minimum loan is $500,000, and the maximum loan is $10 million. These bridge loans can be used to either buy homes or commercial property. There is no prepayment penalty.
Remember, the property must be located in California. (This line of credit product is NOT available in other states.) If you have a deal in California, please call me, George Blackburne, on my cell phone at 574-360-2486. Did I mention California only?
A lawyer phoned the governor's mansion shortly after midnight. "I need to talk to the governor. It's an emergency!" exclaimed the lawyer. After some cajoling, the governor's assistant agreed to wake him up. "So, what is it that's so important that it can't wait until morning?" grumbled the governor. "Judge Pierson just died, and I want to take his place," begged the attorney. "Well, it's OK with me if it's OK with the funeral home," replied the governor.
Follow the Old Man on Twitter
You can follow George Blackburne III on Twitter and keep abreast of developments in commercial real estate finance and the economy.
Bang-Bang Babies Joke
A young mother was standing outside a mall holding her six- month-old baby and her sister's three-month-old baby. Two women approached the mother. "Are they twins?" one asked. "No, they're three months apart." "My!" commented the other lady, "you sure had them close together."
Reuse Our Video Training Course Over and Over
If you order our famous 9-hour video course, How to Broker Commercial Mortgage Loans, you can use this training course again and again to train new loan agents in your office. The cost is still only $499.
Stone Age Joke
Three friends from the local congregation were asked, "When you're in your casket and friends and congregation members are mourning over you, what would you like them to say?" Artie said, "I would like them to say I was a wonderful husband, a fine spiritual leader, and a great family man." Gene replied, "I would like them to say I was a wonderful teacher and servant of God who made a huge difference in people's lives." Don answered, "I'd like them to say, 'Hey, look! He's moving!'"
You Need Loan Servicing Income
The fastest and easiest way to build a loan servicing portfolio is to become a hard money lender. Our four-hour video course, How to Find Your Own Private Mortgage Investors, is just $499.
Golf Gun Joke
Two Mexican detectives were investigating the murder of Juan Gonzalez. "How was he killed?" asked one detective. "With a golf gun," the other detective replied. "A golf gun? What is a golf gun?" "I don't know," said the first, "but it sure made a hole in Juan."
What on Earth is a Mezzanine Loan?
I recently uploaded to one of my blogs a ten-minute training video on Structured Finance that explains in plain English mezzanine loans, preferred equity and venture equity.
"Mr. Clark, I have reviewed this case very carefully," the divorce court Judge said, "And I've decided to give your wife $775 a week." "That's very fair, your honor," the husband said. "And every now and then I'll try to send her a few bucks myself."
Buy Commercial Leads for Just $1 to $2 Each
Most lead sellers want $20 to $50 apiece for commercial leads. C-Loans sells them for just $1 to $2 each - plus 37.5 basis points if you close the loan. Click here for more details.
A doctor examined a woman, took the husband aside, and said, "I don't like the looks of your wife at all." "Me neither, Doc," said the husband, "but she's a great cook, and she's really good with the kids."
Consult with George for Just $375/Hour
With just a 30 to 60 minute consultation I may be able to help you with your commercial mortgage marketing, your underwriting, your placement of a particular commercial deal, or your fee collection problems. Click here for details.
The Latest Advance Fee Scam
I blogged recently on how advance fee scammers are now disguising their application fees as appraisal fees. If you have not made Commercial Real Estate Loan Tips into one of your home pages, you are really missing out on a lot of free training.
Young Wife Joke
Bob, a 70-year-old, extremely wealthy widower, shows up at the Country Club with a breathtakingly beautiful and very slinky 25-year-old, blond-haired woman who knocks everyone's socks off with her youthful appeal and charm. She hangs over Bob's arm and listens intently to his every word. His buddies at the club are all aghast. At the very first chance, they corner him and ask, "Bob, how'd you get the trophy girlfriend?" Bob replies, "Girlfriend? She's my wife!" They are knocked over, but continue to ask. "So, how'd you persuade her to marry you?" "I lied about my age," Bob replies. "What, did you tell her you were only 50?" Bob smiles and says, "No, I told her I was 90."