RESIDENTIAL LENDING NEWSLETTER

You are receiving this letter because you are a client of either Blackburne & Sons or C-Loans, Inc. Removal instructions are below. Today Blackburne & Sons announces a 15-year fix-and-flip loan. And, as always from Blackburne & Sons, we have lots of clean jokes, gags, and funny video for you.

Joke Du Jour

I was visiting my granddaughter last night when I asked if I could borrow a newspaper. "This is the 21st century," she said. We don't waste money on newspapers. Here, use my iPad.” I can tell you this. That fly never knew what hit him.

Business Purpose Rental Home Loans in Over TEN States

These loans are sometimes known as buy-to-rent loans. For the past 37 years, Blackburne & Sons has exclusively been a commercial lender. This has now changed. We are aggressively seeking non-owner occupied home loans in these states:

California
Florida
Arizona
Washington
New Jersey
Missouri
Maryland
Ohio
Alaska
New York
Texas
Virginia
Probably your state too. Call for details. We'll make a simple call to our attorneys.

*Nevada and Minnesota are unfortunately out.

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 15-year term and no prepayment penalty.

Got a commercial deal nationwide or a business purpose, non-owner-occupied residential deal in one of the above four states? Please call us at (916) 338-3232:

Alicia Gandy

Ext. 310

NMLS #389678

George Blackburne, IV

Ext. 314

NMLS #382122

Michael Young

Ext. 312

NMLS #1535540

Tom Blackburne

Ext. 317

NMLS #1014118

Bumper Sticker Joke

Bumper Sticker: "I'm an Imbecile and I Vote"

Fifteen-Year Fix-and-Flip Loans for Residential Properties

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 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.

Please click here to apply for a loan.

Tie Joke

While we were working at a men's clothing store, a customer asked my coworker to help her pick out a tie that would make her husband's blue eyes stand out. "Ma'am," he explained, "any tie will make blue eyes stand out if you tie it tight enough."

Buy and Hold Residential Loans

Because Blackburne & Sons makes its dough off of loan servicing fees, we love-love-love to make long-term residential loans. If the borrower has good credit, we can be pretty aggressive on the loan-to-value ratio. To apply for a non-owmer-occcupied residential loan, please click here.

Roe v. Wade Joke

Bambi, a blonde in her fourth year as a UCLA freshman, sat in her US government class. The professor asked Bambi if she knew what Roe v. Wade was about. Bambi pondered the question then finally said, "That was the decision George Washington had to make before he crossed the Delaware.”

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 business in business 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. Our loyal borrowers and brokers swooped down, and, using our money, scooped up tremendous real estate bargains.

Most of you will ignore this. The handful of wise investors and brokers will build a relationship with Blackburne & Sons. Winter is coming.

Infomercials Joke

"Kevin Trudeau, the king of infomercials, has been sent to jail for fraud. The judge sentenced him to 10 years. But then he said, 'Wait, there's more,' and added another five years.” — Conan O’Brien

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.