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Volume 10: Issue 5 | Date: August 28, 2020


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 discussed the increased likelihood of inflation and new apartment rent control initiatives. As always, we have lots of cute, clean jokes, funny pictures, and a video of the happiest dog on earth.


Joke Du Jour

When my son graduated from high school, he had to give a speech. He began by reading from his prepared text. "I want to talk about my mother and the wonderful influence she has had on my life," he told the audience. "She is a shining example of parenthood, and I love her more than words could ever do justice.” At this point he seemed to struggle for words. After a pause, he looked up with a sly grin and said, "Sorry, but it's really hard to read my mother's handwriting.”


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.


Witch Doctor Joke

I said to my wife, "I need to call the doctor today.” "Which doctor?" she asked. "No, the regular kind.”


Still Making Nationwide Permanent Loans From $100K to $1.5M

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.

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.

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, Alicia Gandy, at (916) 338-3232 Ext. 310.


ICU Joke

The female skier Picabo Street (pronounced Peek-A-Boo) has been in the news recently. The famous Olympic skier Picabo Street is not just an athlete, she is a nurse. She currently works at the Intensive Care Unit of a large metropolitan hospital. She is not permitted to answer the telephone, however, as it caused simply too much confusion when she would answer the phone and say, "Picabo, ICU…"


Santa Anna Story

In 1842, Mexican General Antonio López de Santa Anna, the guy who led the attack on the Alamo, had a military burial for his leg. No, that is not a typo. He held a military funeral service filled with cannon fire, speeches, poems, and prayers, in honor of his dearly departed right leg. Four years earlier in 1838, Santa Anna lost his leg during battle with the French. Cannon fire hit his leg and as a result, doctors had to amputate the leg.


- Today's Observation -

Inflation is Coming And So is Rent Control

It started with Andrew Yang, the Presidential contender who wanted to provide every American adult with a basic income of $1,000 per month. Free money. Then President Trump pushed through a massive corporate and middle class tax cut that blew the Federal budget to Hades. 

Next the coronavirus hit. Congress and the President got together and granted U.S. businesses $659 billion in PPP “loans”. These loans were undoubtedly necessary, but they were still a huge injection of new money into the system. The unemployed (admittedly not their fault) got $600 per week in unemployment benefits. Now Congress and the President are developing a new plan to replace the $600 per week unemployment benefits with an even more generous program. What politician could afford to vote against it? This new relief program will mean that the Fed will have to print even more money.

Folks, The Great Debasement has started. Be sure to read my blog article on The Great Debasement. The Fed has printed $11 trillion in the past three years, most of it in the past year. Bank of America, in a letter to its shareholders, was the first to point out the similarities to The Great Debasement in England in the 16th Century.

Gold is going nuts. It may blow past $2,000 per ounce this week, as politicians from both side of the aisle rush to be the more drunken sailor. Free money for everyone! The Roman Republic was doomed the moment Julius Caesar marched his army over the Rubicon (River).  In truth, the Rubicon is hardly more than a stream.

Arguably, the American Republic was doomed by the coronavirus. To combat a financial disaster, we had the Fed create a massive amount of new money, which the government passed out liberally. In theory, the economy could recover, and we could return to fiscal discipline. Uh, huh. Sure. Hey, pass me that doobie. Peace, love, and bellbottoms, brother.

At a minimum, inflation will come roaring back. Rents will climb, and you can bet that rent control will start appearing in many more jurisdictions.


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.

Commercial Loans: NATIONWIDE

Residential Loans:

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

These states 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. Call or email me today!

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.


Lionhearted Joke

My grandfather has the heart of a lion… and a lifetime ban from the zoo.


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!


Lake Superior Factoid

You could combine the water of the remaining four great lakes, and Lake Superior is still bigger. Superior is approximately 1,330 feet deep, 350 miles long, and 160 miles wide. It contains enough water to cover the land of both South and North America.


Free Commercial Loan Placement Kit

Includes a list of 200 commercial lenders and a short (5 minutes), superb video on structured finance (mezzanine loans, preferred equity, and venture equity). Go here.


Archeologist Joke

Two women archaeologists are down in Mexico excavating an ancient Mayan burial ground looking for some remains to take back to their museum. Unfortunately, everything they run across is badly decomposed. One of the two says, "We don't seem to be having much luck.”  The other replies, "Keep on digging, honey. A good Mayan is hard to find!”



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.


Heart Attack Joke

Two years after my heart attack, I was teaching my college course when I felt discomfort in my chest. I paused the class to pop my medication and felt better quickly.  “Now, if I ever do have a heart attack,” I told my students, “I will give extra credit to whoever gives me CPR.” One of them shouted out, ”How much?”


Learn Commercial Real Estate Finance - 9 Hour Video Training Course

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.


Wrong Hotel Joke

His wife returned from the morning shopping expedition and called her husband into the kitchen. "Frederick," she said heavily, "When you came home last night you told me you had been to the Grand Hotel with Mr. Wilson. I just met Mrs. Wilson, and she said you were both at the Trocadero. Why did you lie to me like that.” Her husband groaned and massaged his head.  "When I came home last night I couldn't say 'Trocadero.’"


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? Four-hour video course. Find your own private mortgage investors.


Airfare Joke

I couldn't decide whether to go to Salt Lake City or Denver for vacation, so I called the airlines to get prices. “The airfare to Denver is $300," said a cheery salesperson. "And what about Salt Lake City?” I asked. "We have a really great rate to Salt Lake - $99.00, but there is a stopover."  "Where?" I asked. "Denver."


Buy Both Training Courses for Just $849

Click here for more information, or to order, please contact Tom Blackburne at 574-210-6686.


Visions Joke

A man went to the doctor and said: “Doctor, I keep having visions of the future.” “When did these start?” “Next Thursday.”


The Blackburne List - 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.


Five Legs Joke

A man visits his doctor and complains that he feels like he has 5 legs. The doctor asks him how do his pants fit? The man replies, "Like a glove!”


Have You Been Screwed Out of a Big Loan Fee Yet?

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. 


Paper Towel Joke

A pirate walks into a bar wearing a paper towel on his head. He sits down at the bar and orders some dirty rum. The bartender asks, "Why are you wearing a paper towel?" "Arrr..." says the pirate. "I've got a bounty on me head!”


Commercial Mortgage Marketing Course

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.


Gross, Very Funny Story

When a man attempted to siphon gasoline from a motorhome parked on a Seattle street, he got much more than he had bargained for. Police arrived at the scene to find an ill man curled up next to a motorhome near spilled sewage. A police spokesperson said that the man admitted to trying to steal gasoline and plugged his hose into the motorhome's sewage tank by mistake. The owner of the vehicle declined to press charges, saying that it was the best laugh he'd ever had.


Hot-To-Trot To Make Fix and Flip Loans

Click HERE to Apply Now!

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 Ext. 310.


Too Busy to Broker Commercial Loans to Us? Refer Them Instead!

We once paid a $21,250 referral fee. Here is our referral fee program.


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

This fun instructor makes these hours bearable.


Trade One Banker For ONE of the Following Freebies

If you know a commercial real estate loan officer at a bank (guys, banks are named “Bank” and have huge, steel vaults - not merely an office with desks and phones), we will trade his contact information for one of the following: A free commercial mortgage marketing course, a free list of 750 bankers, a free mortgage broker fee agreement, and a free Income Property Underwriting Manual. Want more than one of these freebies? You will need a new banker for each freebie. Thank you for your honesty.


Walking Taco Joke

"Target and Doritos have paired up to market the Walking Taco, which is where you pour ground beef and cheese into a bag of crushed Doritos before eating it out of the bag. The Walking Taco was created when a man was taking out the garbage and thought, 'Hey, I could eat this.'” — Seth Meyers


Commercial Mortgage Rates Today

Here are today's commercial mortgage interest rates for permanent loans from banks, SBA 7a loans, CMBS permanent loans from conduits, and commercial construction loans.


On a Personal Note

For vacation this year, my mother, daughter and I took a road trip. We left from Orangevale, CA and drove to Depoe Bay, Oregon. It was about a 10 hour drive. It was a very nice change in weather for us. In Orangevale, it has been 100 degrees every day. The weather in Depoe Bay was about 65 every day. It was actually kind of cold for us. While in Oregon, we did some whale watching. Depoe Bay is the whale watching capital of the world, however we only saw one small whale in the hour we were at sea. The sea was very rough and we had to hold on for our dear lives. A couple of us ended up getting sea sick. Needless to say, I will not be going whale watching again! We also spent some quality family time on the beach, and hunted for Agate’s, had a couple of bonfire’s, and more. Another day we drove to Florence, Oregon and walked around the cute little town, had lunch and drinks, then rented a sand buggy and rode the Oregon sand dunes. It was beautiful and so much fun. For the trip home, we decided to go the long way. We drove along the coastline, with beautiful ocean views pretty much the whole way home. We stopped in the Redwoods for lunch, and drove through the famous giant redwood tree. It took about 16 hours to get home, but we stopped quite a few times. This was an absolutely wonderful trip of a lifetime!

Alicia Gandy

Loan Representative

(916) 338-3232 Ext. 310


NMLS #389678

CA DRE #01430908


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.


Video - Dog Living His Best Life


Final Funny

Several years ago, when I lived in New York and flew to customer sites often, my wife would usually drop me off at Newark (N.J.) airport and pick me up when I returned. On one trip, I was only going to be gone for a few days, so I drove myself, and parked the car at Newark. 

When I returned, the weather was lousy, and it was late at night. I wanted nothing more than to get home to the comfort of my wife and my own bed. When I arrived, the storm was very loud, with crashing thunder and severe lightning. As I came into my bedroom about 2 a.m., I found my two children, Alex (3) and Cindy (12), in bed with my wife, Carolyn, apparently scared by the loud storm. 

I resigned myself to sleeping in the guest bedroom that night. The next day, I talked to the children, and explained that it was okay to sleep with Mom when the storm was bad, but when I was expected home, please don't sleep with Mom that night. They said okay. 

After my next trip several weeks later, Carolyn and the children picked me up in the terminal at the appointed time. Since the plane was late, everyone had come into the terminal to wait for my plane's arrival, along with hundreds of other folks waiting for their arriving passengers. As I entered the waiting area, Alex saw me, and came running shouting "Hi, Dad! I've got some good news!" As I waved back, I said loudly, "Hi, Alex! And what is the good news?" "The good news is that nobody slept with Mommy while you were away this time!" Alex shouted. 

The airport became very quiet, as everyone in the waiting area looked at Alex, then turned to me, and then searched the rest of the area to see if they could figure out exactly who his Mom was.

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Members of the Blackburne Family of Companies


4811 Chippendale Drive, Suite 101

Sacramento, CA 95841

P: (916) 338-3232

F: (916) 338-2328

CA DRE #00829677 // NMLS #103430