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RESIDENTIAL LENDING NEWSLETTER
Volume 8: Issue 7 | July 29, 2019
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You are receiving this letter because you are a client of either Blackburne & Sons or C-Loans, Inc. Removal instructions are below. Today we’ll discuss the frightening reality that China and Russia are getting ready to go to war against us. In a recent Pentagon war planning simulation against China and Russia, the U.S. got its butt handed to it. We also have lots of cute, clean jokes, some funny pics, and a video of a really cool dad using a laundry basket to thrill his daughter.
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Joke Du Jour
After putting her children to bed, a mother changed into old slacks and a droopy blouse and proceeded to wash her hair. She then carefully applied cold cream all over her face except her eyes, which she outlined with a different cream. She then proceeded to put her hair in high rollers. As she heard the children getting more and more rambunctious, her patience grew thin. At last she threw a towel around her head and stormed into their room, putting them back to bed with stern warnings. As she left the room, she heard her three-year-old say with a trembling voice, "Who was that?”
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Business Purpose Rental Home Loans in Most States
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 states:
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- New Jersey
- Missouri
- Maryland
- Alaska
- Ohio
- Florida
- New York
- California
- Washington
- Arizona
- Texas
- Hawaii
- Virginia
- Delaware
- Indiana
- Louisiana
- Hawaii
- North Carolina
- Georgia
- Pennsylvania
- Michigan
- Louisiana
- Oklahoma
- Rhode Island
These states are out:
- Nevada
- Minnesota
- Idaho
- Oregon
- South Dakota
- Vermont
- North Dakota
- Utah
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What about YOUR state? If you have a real-life deal, we’ll hire our attorney to quickly research its availability.
The property has to be non-owner occupied, and the purpose of the loan must be for business. Remember, 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.
Call or email your favorite loan representative by clicking their picture:
(916) 338-3232
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First Airplane Ride Joke
I was six years old when my daddy took me for my first airplane ride. We boarded the plane and I got the window seat. After a short while, I turned to daddy and exclaimed, "Daddy! We're so high up all the cars on the freeway down there look like ants." Daddy moved over and looked out the window. After a moment he smiled and said, "Those are ants, my dear. We haven't taken off yet."
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Fifteen-Year Fix-and-Flip Loans for Residential Properties
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Most fix-and-flip lenders make one or two-year loans. If the market turned (a very real risk today) and houses stopped selling, the flipper might be forced to sell his cherry house at a loss in order to pay off the balloon. Had he had gotten a 30-year amortization, 15-year fix-and-flip loan from Blackburne & Sons, he could have simply rented out the property and enjoyed a positive cash flow until the time time was right to sell again.
Our fix-and-flip loans have no pre-payment penalty, so you can use them for 60 days or 15 years.
Click here to apply for a loan.
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Baseball Joke
My wife claims I'm a baseball fanatic. She says all I ever read about is baseball. All I ever talk about is baseball. All I ever think about is baseball. I told her she's way off base.
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- Today's Observation -
China and Russia Are Preparing to Attack Us
The Winds of War are blowing. I am convinced that China and Russia are preparing for another World War that may begin in as short as four years. "Wait a minute, George. If we had another World War, the nuclear exchange would exterminate life on earth."
Correct. Experts have predicted that a nuclear exchange between just India and Pakistan would create a nuclear winter so horrific that it would cause the starvation death of 2 billion people. No, neither side will use nukes, just like neither side used poison gas during World War II. Even with the vengeful Russians (they were really pissed) closing in on Berlin, the Germans didn't use poison gas.
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I suspect that World War III will be fought instead with smart hypersonic missiles and space-based weapons. Imagine waking up to find smart hypersonic missiles slamming into our missile manufacturing plants, our chip manufacturing facilities (Intel and Micron); into the launchpads and engineering buildings of Space X (slows down our ability to launch new satellites); into our power plants and dams; into our oil refining plants; into the engineering buildings containing our brightest technological minds at Google, Microsoft and Intel; and into every one of our aircraft carriers.
"Generals always fight the last war." Cavalry worked well during the Civil War and the Crimean War, so old French, British, and Russian generals sent their cavalry against emplaced German machine guns in World War I. British dreadnoughts (battleships) won the big sea battle at Jutland during World War I, so the old U.S. admirals maintained a dozen battleships in 1941, many of which were easily sunk during the war by dive bombers taking off from Japanese aircraft carriers.
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Today America projects its might in the Pacific Ocean with aircraft carriers, but in the coming war, we could easily lose most of our carriers in the first two days, as they are easily spotted from space by Russian and Chinese spy satellites. Smart hypersonic missiles can be directed from space right down their "smokestacks”.
The Russians and Chinese are said to be two years ahead of us in the development of hypersonic missiles - missiles that can fly at up to 15 times the speed of sound. They are almost impossible to shoot down, and they travel so fast that a large enough sneak attack could essentially end the war with the first salvo. President Trump had it right when he created our new Space Force two years ago. If we can keep the Chinese and Russians blind in space, perhaps war can be discouraged.
It seems to me that the behavior of China recently is that of a belligerent who thinks that he can win. Feel the winds.
Click HERE for free training.
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Boat Captain Joke
A local laboratory employed a licensed boat captain to man its research vessel. Reportedly, the captain couldn't swim. A newcomer, learning of this, approached him about it. "Is it true?" the newcomer asked incredulously. "You, a boat captain, can't swim?” "No I can't," the captain replied. "Can pilots fly?”
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Are You Wise Enough To Pay Attention?
There are literally hundreds of private money mortgage companies out there today, and you can probably get a decent loan from most of them. But here’s the thing. Virtually all of these hard money shops are newbies (since 2009), and they are funds. The problem with hard money mortgage funds is that they don’t survive recessions. As soon as a recession hits, the investors rush to withdraw. Suddenly the hard money shop running the fund has no money with which to lend and earn loan fees. With little income coming in, the hard money shop closes.
Think I am full of beans? There were 300 hard money mortgage businesses in 2006. Fewer than ten survived.
Why do you care?
You have lost your relationship with these lenders! Success in real estate finance is all about relationships. Consider the fact that Blackburne & Sons has been in business for almost 40 years. We survived the S&L Crisis, the Dot-Com Meltdown, and the Great Recession. We were just about the only hard money shop in the country to remain in the market every day of the Great Recession.
Most of you will ignore this. The handful of wise investors and brokers will build a relationship with Blackburne & Sons. Winter is coming.
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Obituary Joke
One morning at our small-town newspaper office, one of the editors was struggling to write a headline for the obituary of a woman who was noted for little besides a fondness for crossword puzzles. "What am I supposed to write?" the editor whined. "She liked puzzles?” Just then one of our copy editors piped up, "How about, 'Crossword fan is now six down.’"
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Hungry for Commercial Loans Too
Blackburne & Sons is also looking for hard money first mortgage loans - up to $1.5 million - secured by commercial properties nationwide. Our private money loans almost never have a prepayment penalty.
Click here to submit a quick application.
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Egg Joke
Little Johnny walked into his classroom with a fried egg on his head. The teacher asked, "Why do you have a fried egg on your head?” Little Johnny responded, "Because a hard boiled egg rolls off.”
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Learn Commercial Real Estate Finance - 9hr Video Training
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Learn How to Easily Find Hundreds of Commercial Mortgage Loans. Learn How to Quickly Underwrite the Deals. Learn Over 100 New Commercial Mortgage Finance Terms. Get That Confidence You Know You've Been Lacking. Learn Exactly Where to Place Your Loan. Access to Hundreds of Lenders. Learn How to Package Your Deal. Most Important of All - Learn How to Collect Your Fee. Just $549.
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Suspense Joke
Q: How do you keep an idiot in suspense?
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The Blackburne List - Freshly Updated in 2019
The Blackburne List is a list of over 2,500 commercial lenders located nationwide. It is available for purchase for just $79.95. Is money tight? You can also buy one of our three Regional Lists (750+ lenders) for just $39.95.
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Mystic Joke
An engineer, a physicist, a mathematician, and a mystic were asked to name the greatest invention of all times. The engineer chose fire, which gave humanity power over matter. The physicist chose the wheel, which gave humanity the power over space. The mathematician chose the alphabet, which gave humanity power over symbols. The mystic chose the thermos bottle. "Why a thermos bottle?" the others asked. "Because the thermos keeps hot liquids hot in winter and cold liquids cold in summer.” “Yes… so what?” "Think about it," said the mystic reverently. "That little bottle -- how does it know?”
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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.
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Final Funny
One day Al was driving to the lake for a swim when he noticed a man on the side of the highway dressed all in red. “Who are you?” asked Al as he pulled up to the stranger. “I’m the Man in Red and I’m very hungry,” said the man. Reaching into his lunch sack, Al pulled out a sandwich, handed it to the man, then sped off down the road. A few miles later, Al spotted another man, this time dressed all in yellow. “What can I do for you?” asked Al. “I’m the Man in Yellow and I’m very thirsty.” Pulling out a can of soda, Al handed the Coke to the man , then resumed his journey.
Anxious to get to the lake before sunset, Al put his foot to the pedal and roamed off down the road, only to spot yet another man, dressed all in blue, signaling for Al to stop. “Don’t tell me!” said Al impatiently. “You’re the Man in Blue, right?” ”That's right!” replied the man. ”Well, what do you want?” ”Driver’s license and registration, please.”
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A member of the Blackburne Family of Companies
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4811 Chippendale Drive, Suite 101
Sacramento, CA 95841
P: (916) 338-3232
F: (916) 338-2328
CA DRE #829677 // NMLS #103430
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