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 core assets. As always, we have lots of great jokes, funny pics, and a terrific MMA knock-out video.
Joke Du Jour
As I drove into a parking lot, I noticed that a pickup truck with a dog sitting behind the wheel was rolling toward a female pedestrian. She seemed oblivious, so I hit my horn to get her attention. She looked up just in time to jump out of the way of the truck's path, and the vehicle bumped harmlessly into the curb and stopped. I rushed to the woman's side to see if she was all right. "I'm fine," she assured me, "but if that dog hadn't honked..."
Other Than That, It Was a Great Party
Place Your Commercial Loans With C-Loans.com
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!
Pizza Joke
"A new study says that children are suffering bad health effects from eating too much pizza. The study was explained in a pie chart which children immediately tried to eat." -- Conan O'Brien
Submit Your Commercial Mortgage App Today
Blackburne & Sons continues to seek slightly-flawed first
mortgages between $100,000 to $3.5 million on standing
commercial properties nationwide. We have tons of money right now, so we can do some of the larger loans that in the past were too large for us. We will now even consider land loans.
One unusual loan product that we offer 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:
Alicia Gandy:
916-338-3232
To apply to Alicia online, please click here.
George Blackburne IV: 916-338-3232
To apply
to George IV online, please click here.
Tom Blackburne:
574-210-6686
To apply to Tom online, please click here.
Baby Bottle Joke
When I was younger, I worked in a Mom and Pop convenience store. A woman came into the store and walked straight up to me without even shopping and asked if I had any baby nipples. I told her, “No ma'am, mine are fully grown." Luckily she got a kick out of it, and I sold her the nipples for her baby bottles.
Wow, This Pillow is Both Soft and Warm
CommercialMortgage.com
We have made a huge change. We have highlighted those commercial banks and credit unions who are the hungriest to make commercial loans today - CommercialMortgage.com.
Armored Car Joke
Our armored car arrived earlier than usual, so my deposit wasn't quite ready. As the young man waited patiently for me to secure the bag, I said, "Sorry to hold you up." "Delay, delay," he corrected me. "We don't use that other phrase."
What is a Core Asset?
Investopedia defines a core asset as follows: A core asset is an essential, important or valuable property of a business without which a company cannot carry on with its profit-making activities. A business would dissolve without its core assets, and companies that sell off core assets are usually liquidating and on the verge of bankruptcy.
In the context of super-wealthy real estate investors, I would argue that the term has a slightly different meaning. When the wealthy speak of their core real estate assets, they are usually speaking about their multifamily, office, retail and industrial properties. These four major commercial property types are known in commercial real estate finance as the four basic food groups.
Eye Test Joke
A Czech immigrant goes to the Department of Motor Vehicles to apply for a driver's license and has to take an eye test. They show him a card with the letters C Z W I X N O S T A C Z. "Can you read this?" the optician asks. "Read it?" the Polish guy replies, "I know that guy!"
Climb Mountains, Not Ladders
Free Written Directory of 750 (or Even 2,500) Commercial Lenders
Please notice I said 750 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.
Neanderthals Joke
"Scientists believe the first modern Europeans mated with Neanderthals. This is the oldest evidence yet of beer goggles." -- Conan O'Brien
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
ATM Joke
"Two ATMs here in New York were shut down for dispensing counterfeit money. People were suspicious after one guy kept asking, 'Hey, can you break a 23?'" -- Jimmy Fallon
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.
Poker Joke
"A new study from the University of Sussex found that horses can recognize human emotions based on our facial expressions. Yet another reason you should never play poker with a horse -- and they never pitch in for the pizza." -- Stephen Colbert
We're Now Making Business Purpose Rental Home Loans in
Other States Too
For the past 36 years Blackburne & Sons has exclusively been a commercial lender. That has now changed. We are aggressively seeking non-owner-occupied home loans in California and now Arizona and Washington.
Because of licensing issues, 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 business purpose, non-owner-occupied residential deal in California or one of the above states? Please call your loan officer:
Tom Blackburne at 574-210-6686
NMLS # 1014118
George Blackburne IV at 916-338-3232
NMLS # 382122
Alicia Gandy at 916-338-3232
NMLS # 389678
Hyperloop Joke
"Tesla Motors CEO Elon Musk claims he has gotten verbal approval to connect New York, Philadelphia, Baltimore, and Washington with a high-speed train that runs in an airless tube. While the New York City subway just introduced brand-new rotary phones." -- Seth Meyers
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.
401(k) Joke
"A new report says 60 percent of teenagers don't have even a basic knowledge of finances. Although in fairness, I'm 38 and I just found out this year that a 401(k) is NOT a type of marathon." -- Jimmy Fallon
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:
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.
George Blackburne IV: 916-338-3232
To apply
to George IV online, please click here.
Video - Best MMA Knockout Video You Will Ever See
Reverse inside crescent kick
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.
Final Funny
One day a florist went to a barber for a haircut. After the cut, he asked about his bill, and the barber replied, 'I cannot accept money from you; I'm doing community service this week.' The florist was pleased and left the shop. When the barber went to open his shop the next morning, there was a 'thank you' card and a dozen roses waiting for him at his door. Later, a cop came in for a haircut, and when he tried to pay his bill, the barber again replied, 'I cannot accept money from you; I'm doing community service this week.' The cop was happy and left the shop. The next morning when the barber went to open up, there was a 'thank you' card and a dozen donuts waiting for him at his door. Then a Congressman came in for a haircut, and when he went to pay his bill, the barber again replied, 'I can not accept money from you; I'm doing community service this week.' The Congressman was very happy and left the shop. The next morning, when the barber went to open up, there were a dozen Congressmen lined up waiting for a free haircut.
Buy
Commercial Leads
You can buy
commercial leads from C-Loans for just $1 to $9, plus 37.5
bps. when the deal closes.
Here's the most important reason why you want to buy leads from C-Loans. Once you close five loans for us, we will list you on our Suggested Lender List as a Proven Broker. If you ever achieve this distinction, the rest of your career will be a breeze. Three or four perfect commercial leads will appear in your email box daily until you retire.
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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