web site known as C-Loans.com and the web sites powered
by C-Loans, such as, but not limited to, the 1st AAA Commercial Mortgage
Lender Databank, CommercialMortgage.com, and many others, are offered for "free" to our borrowers,
mortgage brokers, and other users.
This is a terrific deal because we provide you with
a searchable databank of 750 commercial mortgage
lenders, a databank that costs many thousands of
dollars per month to maintain.
C-Loans is paid a software licensing fee of between
37.5 and 50 basis points by the lenders participating
in the system, if a deal closes. Some lenders may
increase their rate or fee slightly to cover the
cost of receiving loan applications using C-Loans' software, so arguably use of
the C-Loans System is not completely free.
On the other hand, lenders have to market for deals somewhere.
We are no different than a magazine ad with a business reply card, other than
the fact that the lender doesn't have to pay any fee unless he closes a deal. In any case, C-Loans
does not charge you any up-front fee to enjoy access
to the lender information in the databank. Any software licensing fees are totally the responsibility of
the lender. You should use C-Loans to shop for loans
and compare the loan offers from our lenders to loan
offers that you find on your own. If the offer from
a C-Loans lender is cheaper, you should take it.
But remember, we are not your mortgage broker, nor
your agent. In fact, you hereby specifically agree that we are not your mortgage broker or your agent. We are just a software provider to, and
a marketing channel for, the lenders. This is important for you to understand because normally no one from C-Loans, Inc. ever looks at your deal. Everything is done by the computer program.
using our database, you agree to several other things. First
of all, you agree to be contacted by phone, fax, and
email by the lenders listed on the C-Loans System.
This goes without saying. Occasionally we will look
at a deal and say, "Hey, this deal should
have been submitted to ABC Bank rather than XYZ Capital." In
such cases, on our own motion, we may forward your
loan to ABC Bank and probably several other C-Loans
lenders. You hereby agree to allow us to do this.
In addition, you hereby authorize us to sell your lead to up to six
commercial mortgage brokers, who you hereby authorize to contact
you by phone, fax, and email.
You also agree to be contacted every few months
by C-Loans by phone, fax or email (we usually just
do this by email) so that we can check up on the
progress of your loan. Once you use the C-Loans System
even once, you cannot opt out. C-Loans has an important
business interest in seeing if your deal ever closed
because unfortunately our lenders sometimes cheat us.
If being contacted occasionally by email will drive
you to distraction, simply do not use the C-Loans
also agree to be solicited by C-Loans, Inc. and her related / affiliated companies; including, but not limited to, Blackburne & Brown Equity Mortgage Corporation, and Blackburne & Sons Realty Capital Corporation; regularly by phone, fax, and email
regarding doing future business together. Mortgage
brokers can expect to be solicited regularly by fax
and email. Right now we seldom contact borrowers, realtors,
developers, or other users, other than to check on
the status of their loan; however, we specifically
reserve the right to do so. Also, the user hereby agrees
to allow lender to discuss the status of his loan application
with C-Loans, Inc., including loan number, loan amount, etc.
George, what if I don't want you faxing me, e-mailing
me, or calling me?"
our first advertising fax or email is your cost of
using the C-Loans System. You cannot "opt-out" of
our first advertising email or advertising fax.
After the first solicitation, you will be provided
an 800 number for faxes and an email address whereby
you can opt out. But you will probably want to stay
on our marketing lists. Most of our customers would
agree they are hilarious and sometimes fascinating.
We always include tons of jokes and interesting stories in our advertising
pieces. This is why we insist that you at least see
one of our marketing faxes and one of our e-mail
newsletters before opting out. If this freaks you
out, simply do not use C-Loans the first first time.
But you shouldn't be freaked. This is all good, clean
business and fun.
We do not offer privacy protection on C-Loans, and
we reserve the right to sell and swap the lists we
compile. Once again, this should not freak you out
because, as you will see, we do not gather a whole
lot of personal information on C-Loans. I guarantee
you that the big on-line marketing firms - and even
your own cable TV company - knows fifty times more
about you than we will be able to glean from your
use of C Loans. In any case, hardly no one ever offers
to buy or swap for our compiled lists.
Finally, you hereby agree to indemnify, defend and hold C-Loans, Inc.; its officers; its directors; its employees; its agents; its related / affiliated companies and its marketing partners; harmless in connection with any claims or causes of action related to, or arising out of, fax broadcasts or any dispute between the borrower, mortgage broker and/or lender regarding application fees, commitment fees, third party reports, loan commitments and/or up-front fees of any kind.
While C-Loans works hard to screen out advance fee scammers, bad people - despite our hard efforts to police the system - still occasionally slip through. C-Loans, Inc. therefore makes no warranty as to the legitimacy or honesty of any commercial lender or mortgage broker using the C-Loans System. Therefore, please be sure to do your own due diligence, and please be sure to carefully read any term sheets, conditional commitment letters, and/or loan broker fee agreements to determine in advance under what circumstances you are entitled to a refund of any advance fees, good faith deposits and/or third party reports. If something smells fishy - such as a generous loan offer at a rate almost too good to be true - please contact Tom Blackburne at 916-338-3232 or firstname.lastname@example.org before sending in a large up-front fee.
Please don't let this legal mumbo-jumbo scare you. C-Loans, Inc. is the sister company of Blackburne & Sons Realty Capital Corporation, a well-known private money commercial mortgage company that has been in business for over 34 years. For almost three decades we have managed tens of millions of dollars in mortgage investments for elderly private investors. We're reliable, steady-Eddy folks.
Thank you for being a customer of C-Loans. If you
need a commercial mortgage loan, after using our
system for the first time, you are going to feel
like you have stumbled into commercial mortgage loan heaven.
As you will soon see, the C-Loans System is fabulous.
Prepare to drool.
George Blackburne, III, Esq.
4811 Chippendale Drive, Suite 101
Sacramento, CA 95841
C-Loans Commercial Mortgage Lender