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C-LOANS BANKER LETTER

Volume 7: Issue 5 | Date: April 26, 2019

This letter is intended only for commercial real estate loan officers working for banks, credit unions, conduits, and hard money lenders. Today we’ll discuss why Trump's new trade with China may not get ratified. We have lots of cute, clean jokes, some funny pics, and a scary video of a pretty young woman throwing an axe. It doesn't go well.

Hey guys, if we make you chuckle today, won't you please-please-please refer a turndown this week to CommercialMortgage.com? Seriously, guys, this searchable portal is free, and it contains thousands of commercial lenders. You really are doing them a favor.

Joke Du Jour

One of our patients wasn't taking any chances. Prior to her operation, she taped notes to her body for the surgeon... "Take your time," "Don't cut yourself," "No need to rush," "Wash your hands…" After surgery, as I helped the patient back into her bed, we discovered a new note taped to her, this one from the doctor, "Has anyone seen my wristwatch?”

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Camping in Florida

Cheap Commercial Mortgage Leads

This section should make you bridge lenders sit up and pay attention. There is no cheaper way for your hard money mortgage company to close more bridge loans than to buy leads and a listing on CommercialMortgage.com. You pay just $1,000 per YEAR (not per month!), and the designated loan officer will receive, on average, two to four commercial leads per week. Each lead will be exactly what your company wants to see - the right loan type (bridge loan or construction loan, etc.), the right loan amount, the right property type (apartment building or office building, etc.), in the right state, and with the right credit score.

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Age Joke

A motorist was mailed a picture of his car speeding through an automated radar. A $40 speeding ticket was included. Being cute, he sent the police department a picture of $40. The police responded with another mailed photo -- of handcuffs.

- Today's Observation -

Trump's New China Trade Deal

May Not Get Ratified

Historical note: The League of Nations was established at the end of World War I as an international peacekeeping organization. Although US President Woodrow Wilson was an enthusiastic proponent of the League (heck, he was its biggest proponent), the United States failed to officially join the League of Nations due to opposition from isolationists in Congress. Can you imagine? President Wilson labored for months to create this masterpiece of potential peace, and then his enemies in Congress torpedoed it. Arghhh!

On April 18th, the U.S. International Trade Commission (ITC) submitted an economic analysis of the United States-Mexico-Canada Agreement (USMCA), President Trump’s signature trade agreement meant to replace NAFTA. The Commission’s model estimates that the USMCA will raise U.S. real GDP by $68.2 billion and create 176,000 U.S. jobs. Despite the improvement over NAFTA, House Democrats have made it clear that they won’t accept the NAFTA revision that President Trump has forced on Canada and Mexico in its present form. Among other things, they want stronger, more enforceable labor standards.

There are reports that the new trade agreement with China may be signed within the next six weeks. Those of you who are big stock market investors are reminded of the old adage, “Buy the rumor, and sell the news.” The problem is that the Democrats despise President Trump, and they will be very reluctant, after all of their criticism, to give Trump a big political victory right before 2020 election. Their argument will be this new trade agreement can be enforced in court, including in Chinese courts. The Chinese will have jurisdiction over U.S. companies? Hmmm. If Congress refuses to ratify the treaty, the stock market will not be happy.

Currently trade disputes (they won’t let us sell our cheaper Oregon chopsticks in China) have to be settled according to the dispute resolution rules of the World Trade Organization (“WTO”), which takes about four years and costs hundreds of thousands of dollars in legal fees. Many of the injured companies are forced out of business long before they ever get a final ruling.

The new trade agreement with China purportedly has language that the injured company can bring a court action in his own country for relief. The problem with this is that it subjects U.S. companies to rulings by a Communist-Party-directed Chinese court, whose independence is highly questionable.

Earn Up to 12% Interest

Dun-Dunt!

Or You Can Get Commercial Loan Leads For Free!

It’s important that you guys don’t get confused here. C-Loans, Inc. owns TWO different commercial mortgage portals that actually compete against each other. I often joke that it is my dream is to own every horse in the Kentucky Derby. Haha!

We’ve already talked about CommercialMortgage.com (“CMDC”) above. CMDC is our latest portal, and it uses an advertising model. A bank pays $1,000 per year to be listed on CMDC and to receive leads, and if the bank closes a deal, the bank does NOT owe C-Loans, Inc. even one penny.

Our second portal, C-Loans.com, is our original portal. C-Loans.com has been phenomenally successful, boasting over 1,000 commercial loan closings totaling over $1 billion. We will list banks on C-Loans.com for free, and they will receive free leads by email, as well as calls and emails directly from borrowers.

If the bank closes a commercial loan, however, the bank owes to C-Loans.com a software licensing fee of between 25 to 50 bps (usually 37.5 bps.) In real life, all of our banks simply bump their normal loan fee from 1.0 points to 1.375 points, so C-Loans.com effectively costs the bank nothing. Please click here to get listed on C-Loans for free. (You must be a bona fide direct commercial lender servicing at least $20 million in commercial loans.)

Eating Disorder Joke

"For as long as I can remember, I've had an eating disorder: reverse anorexia. It's when I look in the mirror and think I'm really skinny.” — Lisa Gopman

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Freezing Joke

"Ever see a skinny guy on a cold day? You know they tremble like Chihuahuas. Then you see a fat guy in a tank top -- nine degrees, he's sweatin'. Look at 'Titanic,' remember the boat goes into the icy cold waters? Skinny, little Leonardo: dead. Final scene, Kathy Bates on a rowboat, coat open, eating a hotdog.” — Greg Fitzsimmons

Won't You Please-Please-Please Refer Us Your Commercial Mortgage Turndowns?

If you have to turn down a commercial loan this week, you would really be helping your customer if you referred him to CommercialMortgage.com. The domain name is easy to remember.

Germaphobe Joke

"It's paralyzing being a germaphobe. Lots of places are really paralyzing to me. Laundromats have these baskets on wheels. Some guy will come in with a big bag of disgusting laundry, put it in the basket, and then move it into the washer. And I'm supposed to take my clean laundry out of the dryer and put it in that exact same basket? I don't mind something having a dual purpose, but can't it be like, 'What's that big, green box over there?' ‘Oh, that's a dumpster, and we also use it to store soup.’” -- Todd Barry

Ever Wonder What a C-Loans Application Looks Like?

Here's a sample loan application.

Worry Joke

Jack had been a compulsive worrier for years, to the point it was ruining his life. He saw a psychologist, who recommended a specialist who could help him. His friend, Bob, noticed a dramatic change and asked "What happened? Nothing seems to worry you anymore."

"I hired a professional worrier, and I haven't had a worry since," replied Jack. "That must be expensive," Bob replied. "He charges $5,000 a month," Jack told him. “$5,000?!! How in the world can you afford to pay him?" exclaimed Bob. "I don't know,” Jack replied. "That's his problem.”

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Video - Horrible Axe Throwing Incident

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Final Funny

I was reading an article last night about fathers and sons, and memories came flooding back of the time I took my son out for his first pint. Off we went to our local pub, which is only two blocks from the house. I got him a Fosters. He didn't like it, so I had it. Then I got him a Carling Black Label. He didn't like it, so I had it. It was the same with the 1664 Lager and Premium Dry Cider. By the time we got down to the Scotch, I could hardly push the stroller back home.