C-LOANS BANKER LETTER
This letter is intended only for commercial mortgage loan officers working for banks and hard money lenders. Get a free lender listing on CommercialMortgage.com today so you can receive commercial loan leads for free. And, of course, because this is C-Loans (the jokesters), we have lots of cute, clean jokes, some funny pics, and a super interesting video.
Joke Du Jour
After ten years, the wife starts to think their child looks a little odd, so she decides to do a DNA test. She finds out that the kid is actually from completely different parents. Wife: “Honey, I have something very serious to tell you.” Husband: “What's up?” Wife: “According to DNA test results, this is not our kid.” Husband: “Well, don't you remember? When we were leaving the hospital, you saw the baby had pooped his diaper. Then you said, ‘Please go change the baby, I'll wait for you here.’ So I went inside, got a clean one, and left the messy one there.”
Join CommercialMortgage.com For Free
CommercialMortgage.com ("CMDC") and C-Loans.com are different. CMDC is completely free to banks (and borrowers).
"George, if CMDC is free to both banks and borrowers, how do you make any dough?" Our hard money commercial mortgage company, Blackburne & Sons (est. 1980), works the subprime leads generated by the site.
Click here to list your bank on CMDC and receive totally free commercial real estate loan leads.
"I think that's how Chicago got started. A bunch of people in New York said, 'Gee, I'm enjoying the crime and the poverty, but it just isn't cold enough. Let's go west.'"-- Richard Jeni
Ever Wonder What a C-Loans Application Looks Like?
Here's a sample commercial loan application.
"When I die, I want to die peacefully in my sleep like my grandfather, not screaming like the passengers in his car." -- Unknown
Please Refer Your Commercial Loan Turndowns to Either CommercialMortgage.com or C-Loans.com
If you turn down a commercial real estate loan this week, would you kindly refer the borrower to CommercialMortgage.com (probably an easier web site name to remember) or C-Loans.com? CommercialMortgage.com sure better be easier to remember! We paid $100,000 just for that domain name. If none of our 4,000 different commercial lenders can help him, the deal probably isn't do-able. Thanks so much!
"Relationships are hard. It's like a full time job, and we should treat it like one. If your boyfriend or girlfriend wants to leave you, they should give you two weeks' notice. There should be severance pay, and before they leave you, they should have to find you a temp." -- Bob Ettinger
What is an Exit Fee?
An exit fee is like a prepayment penalty, except the fee is owed when the loan pays off, regardless of whether the loan is paid off early, exactly on time, or late.
I was reading a tombstone this week issued by George Smith Partners describing a $7.4MM bridge loan that they had recently closed. What was interesting about this loan was that they had structured the deal with an increasing exit fee. I had never heard of an increasing exit fee before.
"The loan is structured with an increasing exit fee in lieu of an upfront lender origination fee to minimize upfront costs and incentivize the Borrower to execute the business plan in a timely manner... After an initial 12 month spread maintenance period, the exit fee is 1.33% for months 13 through 24, increasing to 1.66% for months 25 through 30 and 2.00% for months 31 through 36."
Getting Hungry For Commercial Loans Again?
As a lender, should you join C-Loans.com or the faster, easier portal, CommercialMortgage.com? It depends. If you'd like to close an extra couple of commercial loans every year, you should probably just join CommercialMortgage.com. If you are serious about expanding your commercial lending division, however, you should definitely join C-Loans.com. You will get far more applications.
"If a woman has to choose between catching a fly ball and saving an infant's life, she will choose to save the infant's life without even considering if there is a man on base." -- Dave Barry
Bankers: Get 200 Free SBA Loan Applications
Does your bank want to close more SBA loans? C-Loans.com will give you two hundred SBA loan leads for free, deals that are perfect for your bank. These loans will be the right size. They will be located only in your favorite counties of your favorite states, and these SBA loans leads will be secured by just the type of commercial real estate that you prefer - office buildings, industrial buildings, etc.
Please click here for more information about how to receive 200 free SBA loan applications. The above offer is made only to commercial banks and credit unions.
What if you don't work for a bank or credit union, but your commercial mortgage company services more than $20 million in commercial real estate loans? We have a fine program for you too. Please call Tom Blackburne at (574) 210-6686 or click here for more details.
"My mom said she learned how to swim when someone took her out in the lake and threw her off the boat. I said, 'Mom, they weren't trying to teach you how to swim.'" -- Paula Poundstone
Free Commercial Mortgage Marketing Course
You've got a buddy who works as a commercial loan officer at a neighboring bank, right? We'll trade you the contents of one of his or her business cards for a free commercial mortgage marketing course. We sell this popular course separately on C-Loans.com for $199. Learn how to turn on a flow of SBA and conventional commercial mortgage leads as easily as turning on a spigot.
Important note: This has nothing to do with joining C-Loans as a lender. For more information, please click here.
Marriage: The only sport in which the trapped animal has to buy the license.
Join C-Loans For a Flat Fee
Most banks that join C-Loans take advantage of our free guaranteed success program; but a bank can now join C-Loans, get listed on our Suggested Lender Lists, and receive tons of commercial mortgage loan applications for a small monthly fee:
For banks with less than $2 billion in assets, the cost is just $250 per month, and up to three loan officers can receive our SBA and commercial real estate loan leads.
For banks with more than $2 billion in assets and less than $7 billion in assets, the cost is just $350 per month, and up to four loan officers can receive our SBA and commercial real estate loan leads.
For banks with more than $7 billion in assets and less than $15 billion in assets, the cost is just $500 per month, and up to five loan officers can receive our SBA and commercial real estate loan leads.
For banks with more than $15 billion in assets, the cost is just $1,000 per month, and up to ten loan officers can receive our SBA and commercial real estate loan leads.
Important note: In all of these cases, the bank owes nothing more, even if it closes a loan.
To join C-Loans using our new flat-fee program, please email Tom Blackburne, General Manager, or call him at 574-210-6686.
But, once again, most banks joining C-Loans, take advantage of our free guaranteed success program, where the bank only pays C-Loans, Inc. a software licensing fee of 0.375 points (just 25 bps. on deals over $5MM) if it closes a commercial loan from C-Loans. Most banks simply increase their normal loan origination fee from 1.0 point to 1.375 points to cover the cost of using our software and receiving our leads. This makes C-Loans effectively free to the bank.
To join using our guaranteed success program - effectively free to the bank - simply use this super-easy form to join C-Loans as a lender.
Code of Honor Joke
Code of Honor: Never approach a friend's girlfriend or wife with mischief as your goal. There are just too many women in the world to justify that sort of dishonorable behavior... unless she's really attractive. -- Bruce Friedman
Referring Your Turndowns to C-Loans.com (or CommercialMortgage.com) Gives Your Customers a Good Place to Look
If you have to turn down a bank customer's request for a commercial loan, it will help him if you could suggest a place for him to look elsewhere. With 750 different commercial real estate lenders participating on C-Loans.com, if your customer can't qualify for a commercial mortgage from us, he probably won't qualify anywhere. Thank you so much!
"Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself... -- Mark Twain
How To Close Investor Commercial Loans When Your Loan Committee Won't Exceed 62% LTV
Suppose one of your better bank customers wants to buy a commercial building, not for his company, but rather just for investment. The deal cash flows perfectly at 75% LTV, but your nervous Loan Committee cuts the deal back to just 62% LTV. "Gosh, I have been a good bank customer for decades. I thought my own bank would take better care of me."
The sister company of C-Loans, Blackburne & Sons, raises small balance JV equity for such deals, and we'll raise as little as $100,000. We'll add our equity to your customer's down payment to create a down payment large enough to satisfy your Loan Committee.
Got a potential deal? Please complete this simple preferred equity application or call Angela Vannucci at 916-338-3232.
Three Little Pigs Joke (PG-13)
One day the first grade teacher was reading the story of the Three Little Pigs to her class. She came to the part of the story where the first pig was trying to accumulate the building materials for his home. She read, "...and so the pig went up to the man with the wheel barrow full of straw and said, 'Pardon me sir, but may I have some of that straw to build my house?'" The teacher paused then asked the class, "And what do you think that man said?" One little boy raised his hand and said, "I think he said 'Holy sh*t, a talking pig!'"
Would You Mind a $21,250 Referral Fee?
We once paid a $21,250 referral fee to a website owner named Alan Dunn of Spydercube.com for referring us a $17 million deal. Not long ago we paid our friends at RealWebFunds.com an $11,000 referral fee.
We've made it super-easy to refer us commercial loans and to receive big referral fees. Please click here for details.
Video - Incredible Moments 2017
Rapidfire collection of video clips - beautiful, scary, and amazing.
Designated Driver Joke
"The problem with the designated driver program, it's not a desirable job. But if you ever get sucked into doing it, have fun with it. At the end of the night, just drop them off at the wrong house." -- Jeff Foxworthy
CommercialMortgage.com Really Is Free For Banks To Join
Stop! This has nothing to do with joining C-Loans.com. This is a totally different portal with totally different rules.
You can list your bank on CommercialMortgage.com in just four minutes for free. There is no set-up charge. There is no monthly fee. You don't even owe a fee if you close a deal. Unlike C-Loans.com, your listing is truly 100% free.
Your bank could surely stand to make a few more commercial loans. You would be absolutely nuts not to add your bank to this very active new portal (1,100 commercial loan app's in the first three weeks). Please click here to add your bank to CommercialMortgage.com.
Are you confused as to how C-Loans, Inc. could afford to spend $250,000 creating a new commercial mortgage portal that competes against its own flagship site, C-Loans.com? How can we afford to provide this site for free to both the borrowers and bankers?
The Blackburne family of commercial mortgage companies (est. 1980) also includes Blackburne & Sons Realty Capital Corporation. This hard money commercial mortgage company makes 15 year commercial loans nationwide using the funds of our 1,500 private investors. We earn a 2% loan servicing fee (200 bps!) on these loans, so if a loan stays outstanding for 15 years, we earn 33 points, including our typical 3-point origination fee. That's $330,000 in gross profit on a hard money loan of just $1 million.
By creating this free new portal, we get to look at every commercial loan that enters CommercialMortgage.com. Picture us as a grizzly bear, knee deep in the river, during salmon spawning season. So take your free listing on CommercialMortgage.com and run. Our new portal really is 100% free to your bank.
Final Funny (R)
A girl from New York and a girl from the west coast were seated side by side on an airplane. The girl from New York, being friendly and all said, "So, where ya from?" The west coast girl said, "From a place where they know better than to use a preposition at the end of a sentence." The girl from New York sat quietly for a few moments and then replied: "So, where ya from, (w)itch?"
One Final Pathetic Plea
If you won't let us pay you a referral fee, won't you please-please refer your commercial mortgage turndowns to C-Loans.com or to CommercialMortgage.com? Thanks!