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Volume 9: Issue 4 | Date: July 29, 2019
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COMMERCIAL LENDING NEWSLETTER
You are receiving this letter because you are one of my Spartans - my top-producing brokers and investor clients - of whom I am allowed to have 300. 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 ass 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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Still Making Nationwide Permanent Loans From $100K to $3.5M
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.
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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?
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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.
Blackburne & Sons is looking for commercial real estate loans that are not quite clean enough for a bank. Please click here to submit a hard money commercial loan or call me, George IV, at (916) 338-3232 Ext. 314.
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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.
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.
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"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.
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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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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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.
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We can lend in these states:
- New Jersey
- Missouri
- Maryland
- Alaska
- Ohio
- Florida
- New York
- California
- Washington
- Arizona
- Texas
- Hawaii
- Virginia
- Delaware
- Indiana
- Louisiana
- Hawaii
- North Carolina
- Georgia
- Pennsylvania
- Michigan
- Oklahoma
The following states are out:
- Nevada
- Minnesota
- Idaho
- Oregon
- South Dakota
- Vermont
- North Dakota
- Utah
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Don't see YOUR state listed above? If you have a real-life deal, we’ll hire our attorney to quickly research its availability. Call or email me today!
George Blackburne, IV
Loan Representative
P: (916) 338-3232 Ext. 314
georgeiv@blackburne.com
NMLS #382122
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.
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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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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. Mortgage brokers like you have closed over 1,000 commercial real estate loans totaling over $1 billion, so C-Loans clearly works. And C-Loans.com is free!
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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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CommercialMortgage.com
Just Keeps Getting Better and Better
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.
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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 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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Have You Been Screwed Out of a Big Loan Fee Yet?
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Whenever someone boasts of being a good horseman, I always ask him, “Have you ever been thrown?” The correct answer is, “Many, many times”. There is an old saying, “If you ain’t been thrown, you ain't ridden very much.”
The same is unfortunately true of commercial mortgage brokerage. You will screwed out of a loan fee of $10,000 or more at least twice per year for your entire career. Now I am NOT talking about the borrower closing the loan and not paying you. That rarely happens. What these dastardly borrowers do is lie to you or cancel on you.
You would be a flipping idiot not to pay a lousy $199 for my ninety-minute video training course, Fee Collection For Commercial Mortgage Brokers. It includes my famous fee agreement. Go ahead and ignore this section. You will cry, I absolutely guarantee you.
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Become a Hard Money Lender - Just $549
Because banks are only paying 1% for deposits, it has never been easier to become a hard money lender. Hard money brokers make three to ten times more than generic desk-and-a-phone mortgage brokers. Four-hour video course, How to Find Your Own Private Mortgage Investors. In truth, if you don’t want to become a direct commercial lender, rather than just a mere mortgage broker… well, how do I sensitively say this? Maybe you shouldn’t have children? Haha!
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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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Commercial Mortgage Marketing Course - Freshly Updated in 2019 - $199
Need commercial mortgage leads? This Commercial Mortgage Marketing Course will teach you how to turn on a flow of commercial leads as easily as turning on a spigot.
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London Bus Joke
Heard on a London bus: "When you exit this vehicle, please be sure to lower your head and watch your step. If you fail to do so, please lower your voice and watch your language. Thank you.”
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It's the Loan Servicing Income, Folks
No one ever listens to me. Please pay attention! The money in the mortgage industry is in loan servicing fees, and servicing loans is easy. For your first 50 deals, you can just hire a sub-servicing company for $40 per loan per month. I charge my investors $1,583 per month (!!!) for servicing a one-million dollar loan. $1,580 per month minus $40 equals...
The loan servicing portfolio for Blackburne & Sons just broke $53 million this quarter. Since our average loan servicing fee is two percent annually, that means we earn over $1 million per year for servicing just 250 loans. How would you like to walk in the door on the first of each month knowing that you will earn at least $83,000? Find your own private mortgage investors.
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Labor Joke
"My wife was in labor for 24 hours. Hey, it wasn't my fault. I told her to hurry up.” — Lewis Dix
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Poor Family Joke
In a very exclusive private school near California's Silicon Valley, a third-grade teacher was lecturing her upper high-class students about the less fortunate. She asked them each to write an essay about a poor family in the area.
One young girl's paper began: "Once upon a time there was a poor family. The father was poor. The mother was poor. The children were poor. The nannies were poor. The pool man was poor. The personal trainer was poor. The gardeners were poor. This was a very poor family.”
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Trade One Banker For ONE of the Following Freebies
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Platypus Joke
Q: Did you hear about the unique platypus?
A: He was unlike all the otters.
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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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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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Video - This Dad is the Absolute Best
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On a Personal Note
No matter how old you are, nor how strong of a swimmer you are, it is always important to wear a life jacket at the river.
We live very close to a river access point, and a couple times a month we wake up, pack a lunch and a couple beers and walk the two blocks to river. At this river access, about 15-20 yards in the middle of the river is small island. In prior years (with the drought) the water was no more than knee high and we would often trek to this island and have it all to ourselves.
A couple weeks ago, we had a very different experience. One Saturday morning, we woke up, walked to the river and started our trek out to the island like we have done many times before. The drought isn’t bad this year, so the water was a little higher than usual (maybe mid-thigh at the deepest) but we made it out to the island. We laid out in the sun, had our beers and our lunch and had a peaceful afternoon.
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When we started to head back is when the trouble started. You see during the time we were out there, the water level had risen to waist high and as a result the current was MUCH more powerful. We didn’t make it 5 yards off the island before my legs were almost swept out from under me. Fortunately, I had brought a walking stick which I used to brace myself and stopped me being carried down river. It was then that we realize we were trapped.
With the current being as strong as it was, there was no way we could walk across it and if we tried to swim we would be swept away. The water is all snow-drift, which means it is freezing cold. Mixing cold, fast moving water, no life jackets, and a couple of beers is a recipe for disaster. Instead of being risky, we ended up calling the fire department who sent a boat out to rescue us (hat’s off to the Sacramento Fire Department by the way. They were out there in less than 15 mins).
The moral of the story is, always wear your life jacket. Rivers are constantly changing. Even though we had been out to this spot over 50 times, we let our guard down once and almost paid a heavy price for it.
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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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Members 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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