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 George will explain when it makes sense to apply for a USDA Business and Industry loan rather than an SBA loan. The two programs are very similar. What the difference?
Joke Du Jour
Two women came before wise King Solomon, dragging between them a young man. "This young man agreed to marry my daughter," said one. "No! He agreed to marry MY daughter," said the other. And so they began arguing until the King called for silence. "Bring me my biggest sword," said Solomon, "and I shall hew the young man in half. Each of you shall receive a half." "Sounds good to me," said the first lady. But the other woman said, "Oh Sire, do not spill innocent blood. Let the other woman's daughter marry him." The wise king did not hesitate a moment. "The man must marry the first woman's daughter," he proclaimed. "But she was willing to hew him in two!" exclaimed the king's court. "Indeed," said wise King Solomon. "That shows she is the TRUE mother-in-law."
Blackburne & Sons is Closing Lots of Commercial Loans
Using private money, Blackburne & Sons is regularly closing commercial loans on multifamily properties, office building, retail buldings, industrial buildings, self storage projects, mobile home parks, restaurants, and bars.
Our favorite property type will surprise you - farmland. Did you know that farmland is the only property type to appreciate during the Great Recession?
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.
Tim Brannan: 916-338-3232
To apply to Tim online, please click here.
George Blackburne IV: 916-338-3232
To apply to George IV online, please click here.
Mick Carlson: 574-855-6292
To apply to Mick online, please click here.
Banker Goes to Jail
Did you hear about the banker who was recently arrested for embezzling $100,000 to pay for his daughter's college education? As the policeman, who also had a daughter in college, was leading him away in handcuffs, he said to the banker, "I have just one question for you. Where were you going to get the rest of the money?"
What the Difference Between an SBA Loan and a USDA Business and Industry Loan?
The USDA Business and Industry Loan Program is very similar to the SBA 7a Loan Program. What's the difference? When should you go with a USDA B&I loan, rather than an SBA 7a loan? You will recall that the USDA Business and Industry Loan program was developed to help foster employment in rural areas, defined as communities of less than 50,000 people. (Read more.)
We're Now Making Home Loans in California
For the past 31 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 commercial loans nationwide.)
Got a nationwide commercial deal or a California non-owner-occupied residential deal? Please call your Loan Officer:
Alicia Gandy at 916-338-3232
Tim Brannan at 916-338-3232
George Blackburne IV (my oldest son) at 916-338-3232
Doctor, Doctor Joke
Patient: "Doctor, Doctor You've got to help me. I just can't stop my hands from shaking."
Doctor: "Do you drink a lot?"
Patient: "Not really. I spill most of it!"
Submit Your Commercial Loans Using C-Loans.com
Brokers just like you have closed over 1,000 commercial loans totaling over $1 billion. And C-Loans.com is free!
That's It Joke
A general noticed one of his soldiers behaving oddly. The soldier would pick up any piece of paper he found, frown and say, "That's not it" and put it down again. This went on for some time, until the general arranged to have the soldier psychologically tested. The psychologist concluded that the soldier was deranged, and wrote out his discharge from the army. The soldier picked it up, smiled and said, "That's it."
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.
There are a surprising number of ways to earn huge referral fees from us. But are referral fees legal? On what kinds of loans are referral fees illegal? When are they perfectly fine? Where do you find leads to refer? How can you tell a hot lead from one that is dead on arrival?
I strongly urge you to download our free whitepaper, Insider Secrets to Earning Huge Referral Fees.
Candy Bar Joke
Needing to escape her hectic office, my friend fled to the mall, bought a candy bar, and then relaxed on a bench next to a businessman. Soon she heard the sound of a crumpling wrapper and realized that he was eating her candy bar. When he went to work on an ice cream cone, she leaned over and took a huge lick. “There!” she declared. She then stormed off to her car, reached into her purse for her keys, and pulled out the candy bar she thought he’d eaten.
Free List of 200 Commercial Lenders
You can download a free list of 200 commercial lenders by clicking here.
The father of five children had won a toy at a raffle. He called his kids together to ask which one should have the present. "Who is the most obedient?" he asked. "Who never talks back to mother? Who does everything she says?" Five small voices answered in unison. "Okay, dad, you get the toy."
Nine-Hour Video Course on How to Broker Commercial Mortgage Loans
I've been originating commercial loans for 31 years now. You will find this training to be very practical. It's all about making money. Details.
I went to see Pavarotti once, and I'll tell you this much - he doesn't like it when you join in.
Now Is the Time to Jump Into Hard Money!
Four-hour training course, How to Find Your Own Private Mortgage Investors. $499. Please click here for details.
Buy Commercial Leads
You can buy commercial leads from C-Loans for just $1 to $9 apiece, plus 37.5 bps. when the deal closes.
This gal tells this story: Last year, when the power mower was broken and wouldn't run, I kept hinting to my husband that he ought to get it fixed, but somehow the message never sank in. Finally I thought of a clever way to make the point. When my husband arrived home that day, he found me seated in the tall grass, busily snipping away with a tiny pair of sewing scissors. He watched silently for a short time and then went into the house. He was gone only a few moments, when he came out again. He handed me a toothbrush. "When you finish cutting the grass," he said, "you might as well sweep the sidewalks."