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Volume 7: Issue 12 | Date: December 4, 2019


You are receiving this letter because you either wrote to us or you are a commercial real estate broker client of either Blackburne & Sons or C-Loans, Inc. Today we’ll discuss why a long economic bust will probably not follow this long, wonderful expansion. We also have lots of cute, clean jokes, some funny pics, and a great video of some hilarious sea creatures. You will be belly-laughing.


Joke Du Jour

Texas makes me think of the old slogan, "Remember the Alamo.” It seems that during that battle, the guy in charge of the whole thing put his wife, of all people, on the battle line. She was shot by the enemy, suffered a shattered patella, and had to be removed from the front line. After the fighting was over, she divorced her husband and sued for Alamo-knee.


Free Commercial Loan Software

C-Loans has just developed some brand new commercial loan software that is super-easy to use, even for a complete newbie to commercial real estate finance. You just fill in the blanks. You can then take your professional-looking commercial loan package and submit it to any lender in the country. This new commercial loan software is also 100% free.


Food Name Joke

My wife and I run a small restaurant where we often name our specials after our employees, dishes like “Sally's Chicken” after our maitre’ d who gave us the recipe, and “Rod’s Ribs” after a waiter who had his personal style of barbecue. One evening after re-reading the menu, I broke with this tradition and changed the description of the special we had named after our chef. Despite her skills and excellent reputation, somehow I didn’t think an entrée named “Salmon Ella” would go over big with our customers.


Private Money Commercial Permanent Loans

From $100K to $1.5M Nationwide

Click HERE to Apply Now!

Do you need a commercial lender who will actually lend up to 75% LTV? Blackburne & Sons has decided to compete against banks by offering a higher LTV.

Do you need a lender who will also look at the borrower's global income - income from salaries, other investments, etc.? Do you need a lender who will allow the seller to carry back a second mortgage? Does your client have a balloon payment coming due on his commercial property? Has your bank offered him a discounted pay-off? Does your borrower have less-than-stellar credit? Is your client's company losing money? Is your borrower a foreign national? Do you need a non-recourse loan? Do you need a commercial loan with no prepayment penalty?

Is your client's commercial property partially vacant? Do all of your commercial leases run out in the next 18 months? Do you need a lender who will allow a negative cash flow? Do you need a loan against a portfolio of rental houses?

And don't forget, we will quickly and happily issue you a written Loan Approval Letter - at no charge - that you can use as a fallback and to lure cheaper lenders. After all, everyone wants to lend to you if you already have a commitment. Here is our latest rate sheet.

Have a deal to run by me? Click HERE

Alicia Gandy

Loan Representative

P: (916) 338-3232 Ext. 310


NMLS #389678

CA DRE #01430908


Past and Present Joke

Forget about the past, you can’t change it. 

Forget about the future, you can’t predict it. 

Forget about the present, I didn’t get you one.


Learn Commercial Real Estate Finance

9 Hour Video Training

It would be a lot easier to close your commercial deals if you actually knew the subject matter. Are you finally ready to learn the financial ratios and the advanced terminology of commercial real estate finance? Just $549.

Now available online!


Apple Pin Joke

While visiting a friend who was in the hospital, I noticed several of the attractive nurses wore apple-shaped pins. I asked one of the nurses the significance of the pins. She said, "Oh, these are to keep the doctors away…"


Business Purpose Rental Home Loans in Most States

Click HERE to Apply Now!

Please pay special attention to the following: Unlike other hard money brokers, Blackburne & Sons Realty Capital Corporation makes home loans with a 15-year term (30-year amortization), and there is NO prepayment penalty. Our competitors make just three-year or five-year bridge loans. Our loans are clearly better because you may want to hold the property. These loans are sometimes known as buy-to-rent loans.

Historically, Blackburne & Sons was mostly a commercial lender. This has now changed. We are aggressively aggressively seeking non-owner occupied home loans. We have already closed loans in the following states, and our attorney can quickly research your state to verify that we can lend there. Unfortunately, in a handful of states, an NMLS license is not enough.

We can lend in the following:

  • Alaska
  • Arizona
  • California
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Indiana
  • Louisiana
  • Maryland
  • Michigan
  • Missouri
  • New Jersey
  • New York
  • North Carolina
  • Ohio
  • Oklahoma
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Texas
  • Virginia
  • Washington
  • Wisconsin

Unfortunately the these are out:

  • Idaho
  • Minnesota
  • Nevada
  • North Dakota
  • Oregon
  • South Dakota
  • Utah
  • Vermont

Don't see YOUR state listed above? If you have a real-life deal, we’ll hire our attorney to quickly research its availability.

Alicia Gandy

Loan Representative

P: (916) 338-3232 Ext. 310


NMLS #389678

The property has to be non-owner occupied, and the purpose of the loan must be for business. The nice thing about business purpose home loans from Blackburne & Sons is that our loans have a 30-year amortization, a 15-year term and no prepayment penalty.


War Story Joke

Some men were swapping stories about their war experiences. One fellow, who had been in the Foreign Legion, was saying, "There we were. It was night. The odds were 1,000 to 3. We didn't know what to do.”  “Oh, my goodness! What did you do?" another asked. "When morning came, we charged and got all three of them!”


- Today's Observation -

Why the Coming Recession Probably Won't Be Horrible

According to an important Bloomberg article published this month, the economic boom currently being enjoyed in America will probably not result in an extra big bust, according to the work done by the Nobel-prize-winning economist, Milton Friedman.

You may recall that Milton Friedman was a famous economics professor at the University of Chicago from 1947 to 1977. Friedman was the foremost proponent of the Monetarist School of Economics, and once famously said, "Inflation is always and everywhere a monetary phenomenon…" 

In 1964, Milton Friedman developed an economic hypothesis called The Plucking Model. The Plucking Model holds that the economy is like a string on a guitar - recessions are negative events that pull the string down. Afterwards, the economy bounces back. But here's the thing: When you pluck down on a guitar string, it only snaps back to its original position. It doesn't go careening to the other side of the neck.

Just as a string snaps back faster if you pull it harder, the Plucking Model holds that the deeper the recession, the faster the recovery that follows; but you can only pluck the economy in one direction. Bigger expansions don’t lead to bigger recessions!

Okay, but is The Plucking Model true? "Friedman proposed the idea in 1964 and argued that if he was right, future recessions would show a correlation between the depth of the bust and the speed of the recovery that followed. He then waited 20 years to see if his predictions were borne out. In 1993, he looked at the business cycles that had happened in the intervening years, and he concluded that he'd been right."

"Since then, others have found more evidence to support the plucking idea. A 2005 paper by economist Tara Sinclair used advanced statistical techniques to confirm that, in the United States, bigger recessions are followed by faster recoveries — but not the other way around.” If you pull that guitar string really far - bam - it snaps back blazingly fast; but bigger recoveries don't produce faster recessions. In other words, when a big expansion starts to end, an economy doesn't instantly plunge in a deep, dark recession.

After the Great Recession of 2007-2009, researchers looked at European countries and concluded that those that had it worse in the downturn ended up bouncing back faster. In other words, those European countries which saw their GDP's fall the furthest were among the first to recover. 

But there was no correlation between how well a country did before 2007 and how much it suffered afterward. In other words, those countries which enjoyed the biggest increases in GDP did NOT suffer worse than the countries which fared only so-so in the preceding expansion. All this evidence implies that recessions cause recoveries, but that booms don't cause busts.

But why does this happen? The answer is that it's easy to give people raises, but it's hard to make them swallow pay cuts. In good times, growth simply feeds into higher wages (as well as higher profits). But when a recession or some other negative shock comes along that hurts corporate earnings, employers might like to cut wages, but they can’t. Instead, they lay off workers. The more workers who get laid off, the bigger a pool of unused labor there is, so the faster the economy can grow once the recovery takes hold.


How to Earn Huge Referral Fees

Please click here after viewing the video.


Locket Joke

I turned 18-years-old today, so I bought a locket and put my own picture in it. I am now truly independent. 


Submit Your “A” Quality Commercial Loans Using C-Loans

You old veterans know that commercial lenders are incredibly fickle. One moment a bank loves self storage loans, and the next moment - usually after taking a loss - it wouldn't touch a self storage facility loan with a ten-foot pole. C-Loans.com is a commercial mortgage portal that was designed with commercial lender fickleness in mind.

You fill out one mini-app, and then you can submit your commercial loan application to bank after bank, six at a time, until you find a bank hungry to make a commercial loan today. 

Borrowers and commercial brokers have closed over 1,000 commercial real estate loans totaling over $1 billion, so C-Loans clearly works. And C-Loans.com is FREE!

Apply for a loan now!


Chicken and Egg Joke

I ordered a chicken and an egg on Amazon. I’ll let you know.


Hot-To-Trot To Make Fix and Flip Loans

Blackburne & Sons is making a huge push into fix and flip lending. Of course we will still make our private money permanent loans on commercial properties nationwide; but we are now also making fix and flip loans across the country.

Please click here to submit a fix and flip loan or a hard money commercial loan or call me, Alicia Gandy, at (916) 338-3232.


Small Chicken Joke

Q: What might you call a small, puny chicken? 

A: Paltry!



Even More Commercial Lenders

Every day we add two to five new banks and credit unions to CommercialMortgage.com. With almost 4,000 banks, credit unions, and other commercial lenders, CommercialMortgage.com is by far the largest databank of commercial lenders in the country.

Do you understand that CommercialMortgage.com is absolutely free to use? The lenders listed do NOT jack up their loan fee in order to pay a software licensing fee to C-Loans, Inc. One of the most successful commercial mortgage brokers in the entire country is Les Agisim of Trevor Cole Commercial, and Les uses CommercialMortgage.com all of the time. You would be wise to do what the successful guys do.


Pregnant Wife Joke

Wife: "I'm pregnant...."

Husband: “Hi, Pregnant. I’m Dad!"

Wife: "No, no you’re not."


Free Copy of The Blackburne List

Click here to get a free list of 200 commercial lenders, including at least five for every state.

The Blackburne List is a list of over 2,500 commercial lenders located nationwide. We spent almost $30,000 and three months updating this list, and we just finished updating it in 2019. 

The Blackburne List is available for purchase for just $79.95 at CommercialLenders.com. Is money tight? You can also buy one of our three Regional Lists (750+ lenders) for just $39.95.

You can also search The Blackburne List using CommercialMortgage.com for free.


Only Blackburne & Sons Can Do This

Blackburne & Sons has some truly unique and super cool programs:

  • We'll give you a bridge loan on your commercial property for only one point! There is no prepayment penalty.
  • We allow sellers to carry back a second mortgage behind our first mortgage.
  • We will actually lend up to a 75% loan-to-value ration. Banks claim they will lend up to 75% LTV, but in real life they will only go 68% LTV.
  • We offer private money (loose-goosey underwriting) commercial loans with 30-year payments and a 15-year term. Our competitors offer 2 to 3-year bridge loans. We offer 15-year permanent loans with no prepayment penalty. Never again will you have a balloon payment come due during a recession.
  • We buy commercial first mortgages (usually at a discount).
  • Instead of discounting your wonderful commercial first mortgage, consider pledging it as collateral for a smaller loan. This is called a hypothecation. We make loans secured by mortgage notes owned by the borrower.

Marital Fight Joke

"Man, me and my wife had a fight yesterday."

"Oh yea, about what?"

"You see, I wanted to watch the game, but she wanted to watch a movie."

"So, how was the movie?"


Need a NMLS License? Need to Renew Your CE Hours?

This fun instructor makes these hours bearable.


Wall of China Joke

"You want us to do WHAT?" -- Ancient Chinese wall engineer.  


Use Cheddar Stacks to Get Commercial Loans

Imagine 19 business men and women, all working in industries centered around real estate. Each has an app on their cell phone that makes it easy to shoot each other leads. Folks, referral leads are worth THIRTY leads from advertising. Click here for more details.


Escalator Joke

"Recently, while I was on a shopping trip in a department store, I heard a little five-year-old talking to his mother on the down escalator. He said, 'Mommy, what do they do when the basement gets full of steps?'" — Hal Linden


Two Ways To Earn Referral Fees for Commercial Loans

We Once Paid $21,250

This is an absolute no-brainer. You simply put a link to C-Loans.com on your real estate website. We once paid a $21,250 referral fee to a guy who was asleep when the lead came in! Here are the details.

You can also refer commercial loans by hand. Simply insert your referrals here.


Epidural Joke

My niece, pregnant with her second child, was certain she wanted an epidural for pain management during childbirth. Her doctor asked her at which stage of labor she wanted the epidural administered. Her response? "Just meet me in the parking lot!"


On a Personal Note

My husband and I will be celebrating our 25th wedding anniversary next month. We got married very young (19 & 21 ) and have managed to stay together to hit this amazing milestone. I have arranged for a photo shoot that is taking place tomorrow. It will be at a Lavender Farm with ponds, lavender flowers, horses, trees, and much more. We will both be wearing white as we did on our wedding day. I got some cute props such as a banner that says “We still do”, and some silver balloons that say “25”. I cannot wait to see how the photos turn out!

Alicia Gandy

Loan Representative

P: (916) 338-3232 Ext. 310


NMLS #389678

CA DRE #01430908

Have a deal to run by me? Click HERE


Video - Prepare to Belly Laugh


FREE Commercial Loan Brokerage Training

From an Industry Veteran And Attorney

The C-Loans Blog: info.c-loans.com

Every week we publish one or two new blog articles that train commercial brokers in commercial real estate finance. We try to have fun with it, including lots of funny pics. If you want access to this FREE training, subscribe to George's blog by clicking the button below.


Final Funny

A boy named Carol had a particularly rough childhood because of his uncommon name. He always got a lot of teasing and abuse at school. Eventually he overcame his hang-up and married his high-school sweetheart. 

When their first child was born, he let his wife name her. She named the baby girl “Love”, inspired in the same spirit as Carol’s unique name. Unfortunately, Love grew up and endured much of the same teasing because of her strange name. 

The daughter came home from school one day and screamed at her dad, asking why he gave her such a stupid name. Carol took the blame to protect his wife and apologized. In a fit of rage, Love shot him with her dart gun and ran away.

Minutes later, Carol’s wife came home and saw him lying on the ground. “What happened?!” she asked, running to him. 

He waved her closer and whispered, “Shot through the heart, and you’re to blame. Darling, you gave Love a bad name!” Hahahaha!

TwitterFacebookLinkedInBlackburne & Sons Website

Members of the Blackburne Family of Companies

CA DRE #829677

NMLS #103430


P: (916) 338-3232

F: (916) 338-2328

4811 Chippendale Dr, Ste. 101

Sacramento, CA 95841


CA DRE #1330173

NMLS #167100