MORTGAGE STUFF (C-Loans
Client Letter)
You are
receiving this letter because you are a commercial mortgage broker
client of either Blackburne & Sons or C-Loans, Inc. Removal
instructions are below. Today we'll talk about how you can receive a free commercial mortgage underwriting manual. And as always, we have lots of great jokes, funny pics, and an interesting video of some wild animals seeing themselves in a mirror for the first time.
Joke Du Jour - Not a Joke But a Mental Exercise
Read this question, come up with an answer, and then scroll down to the bottom for the result. This is not a trick question. It is as it reads. No one I know has gotten it right. Few people do.
A woman, while at the funeral of her own mother, met a guy whom she did not know. She thought this guy was amazing. She believed him to be her dream guy so much that she fell in love with him right there, but never asked for his number and could not find him. A few days later she killed her sister.
Question: What is her motive for killing her sister?
[Give this some thought before you answer, see answer below]
Answer: She was hoping the guy would appear at the funeral again. If you answered this correctly, you think like a psychopath. This was a test by a famous American psychologist used to determine if one has the same mentality as a killer. Many arrested serial killers took part in the test and answered the question correctly. If you didn't answer the question correctly, good for you...
They Could Be Anywhere
Place Your Commercial Loans With C-Loans.com
Last year C-Loans.com closed an $18.5 million commercial construction loan. The broker who used C-Loans earned a $92,500 commission.
C-Loans.com is a commercial mortgage portal where you can enter a commercial loan in just four minutes and then submit it to hundreds of different commercial lenders with one click. And C-Loans is free!
Duffel Bag Joke
"One reason that more people weren’t hurt is that this jerk left duffel bags on the street, and two of the bombs were discovered by thieves snatching bags. Because, as all New Yorkers know: If you see something, steal something." -- Stephen Colbert
Submit Your Commercial Mortgage App Today
Blackburne & Sons continues to seek slightly-flawed first
mortgages between $100,000 to $3.5 million on standing
commercial properties nationwide. We have tons of money right now, so we can do some of the larger loans that in the past were too large for us. We will now even consider land loans.
One unusual loan product that we offer is our blanket loan against a portfolio of rental homes. We will also hypothecate notes and buy commercial loans at a discount.
Please be sure to bookmark our commercial mortgage rate sheet right
now. To apply for a
private money commercial loan from Blackburne & Sons, please
find your favorite loan officer below:
Alicia Gandy:
916-338-3232
To apply to Alicia online, please click here.
George Blackburne IV: 916-338-3232
To apply
to George IV online, please click here.
Tom Blackburne:
574-210-6686
To apply to Tom online, please click here.
Peanut Joke - Cute One For Your Kids
Q: What do you call a peanut in a spacesuit?
A: An astronut!
When I Was a Kid...
Test Drive CommercialMortgage.com and Get a Free Commercial Mortgage Underwriting Manual
You have probably visited C-Loans.com in the past, and our flagship portal remains up and booming; but have you seen our brand new portal, CommercialMortgage.com, yet?
Here's the deal. Just visit CommercialMortgage.com, enter an imaginary commercial loan request (or a real one), enjoy its splendor, and get a free Commercial Mortgage Underwriting Manual that we sell on C-Loans for $199.
When you're done, simply write to Mick Carlson and type in the subject line, "I Took a Test Drive." Mick will immediately send you your free manual.
Bong Joke
"It’s come out that Hillary Clinton is having a hard time connecting with millennial voters. So now she’s saying that last week’s coughing spell was actually due to a massive bong hit." -- Conan O'Brien
Small Balance Preferred Equity "Loans"
Do you really understand preferred equity? This free whitepaper will help you to truly understand it. It's written in easy-to-understand layman's language.
You'll use preferred equity in three common scenarios. (1) You have an investor buying a non-owner-user commercial-investment property. The bank refuses to make a first mortgage larger than 60% LTV. The buyer only wants to put down 25%. We'll cover the gap. (2) Your client has a balloon payment coming due, but he can't qualify for a new first mortgage large enough to pay off the old first mortgage. We'll cover the gap. (3) Your client wants to buy out an impossible partner. We'll provide the capital to buy him out.
Got a potential preferred equity deal? Call your favorite B&S loan officer:
George Blackburne IV: 916-338-3232
To apply
to George IV online, please click here.
Tom Blackburne:
574-210-6686
To apply to Tom online, please click here.
Alicia Gandy:
916-338-3232
To apply to Alicia online, please click here.
A Great White Shark Actually Broke Into a Shark Cage This Week. The Diver Survived Unhurt.
Free Written Directory of 2,000 Commercial Lenders
Please notice I said TWO THOUSAND commercial lenders, not just 200. Imagine if you had scores and scores of commercial lenders for every deal. And did I mention it was free? To get your free list.
Hostage Joke
"In California, two women have been arrested for holding a group of men hostage and making them work for several months on a marijuana farm. The men said they wanted to escape, but they never got around to it." -- Conan O'Brien
One-Point Commercial Bridge Loans
Please don't forget about Blackburne & Sons' one-point bridge loan product for commercial properties:
Interest Rate: 9.9% to 12.9%
Loan Fee: 1 point + $950 (nothing up-front)
Term: Six months
Prepayment Penalty: None
Maximum Loan-to-Value Ratio: 65% (70% on purchases)
Properties: Multifamily (5+ units), Commercial, and Industrial
Grandmother Joke
When I stopped the bus to pick up Chris for preschool, I noticed an older woman hugging him as he left the house. "Is that your grandmother?" I asked. "Yes," Chris said. "She's come to visit us for Christmas." "How nice," I said. "Where does she live?" "At the airport," Chris replied. "Whenever we want her, we just go out there and get her."
Business Loans Not Secured By Real Estate
I'm talking here about unsecured business loans, equipment loans, leases, inventory loans, factoring, accounts receivable financing, asset-backed lines of credit, etc.
The reason you want to get into the business of brokering business loans is because such loans close in 10 to 14 days, NOT three months.
C-Loans.com is now offering business financing. Please click here if you are trying to pace a business loan not secured by real estate.
Bumper Sticker
EARTH FIRST! We'll stripmine the other planets later.
We're Now Making Business Purpose Rental Home Loans in
Other States Too
For the past 36 years Blackburne & Sons has exclusively been a commercial lender. That has now changed. We are aggressively seeking non-owner-occupied home loans in California and now a few other states.
In addition to California, Blackburne & Sons will now consider non-owner-occupied home loans in the following additional states, as long as the purpose of the loan is for business:
- Florida
- Ohio
- Indiana
- Georgia
- Washington
- Arizona
Because of licensing issues, we cannot make home loans in any other state; but we will make individual commercial loans or blanket residential loans (5+ houses) nationwide.
Got a nationwide commercial deal or a business purpose, non-owner-occupied residential deal in California or one of the above states? Please call your loan officer:
Alicia Gandy at 916-338-3232
NMLS # 389678
Tom Blackburne at 574-210-6686
NMLS # 1014118
George Blackburne IV at 916-338-3232
NMLS # 382122
Manatee Joke
"A man in Florida is in jail after he was spotted riding a manatee and dared cops to arrest him. Maybe it’s just me, but if you dare cops to arrest you, try to be on a faster animal than a manatee." -- Jimmy Fallon
Nine-Hour
Video Course on How to Broker Commercial Mortgage Loans
Important note: This nine-hour video course now also includes my $399 audio course on Intermediate Commercial Real Estate Finance - all for the same $549 cost. This 9-hour video course is my
bread-and-butter course that teaches you how to market for
commercial loans, how to underwrite them (the ratios), how to
place them, and how to collect your fee. Thousands of very happy
commercial mortgage brokers have taken this course. Details.
Bucket List Joke
"I have a list I made when I was twelve of things I wanted to do before I die. Omigod... how embarrassing. Number One: Touch a boobie." -- Drew Carey
Great Apartment Loan Program
You're probably used to thinking of Blackburne & Sons as a subprime commercial lender, but since our acquisition of CommercialMortgage.com (I paid more than a house), some of the nation's largest commercial mortgage investors are giving us wonderful opportunities. Please be sure to check out our great new apartment program.
To apply for an apartment loan from Blackburne & Sons, please
find your favorite loan officer below:
Tom Blackburne:
574-210-6686
To apply to Tom online, please click here.
Alicia Gandy:
916-338-3232
To apply to Alicia online, please click here.
George Blackburne IV: 916-338-3232
To apply
to George IV online, please click here.
Interesting Video - Those Guerillas Scared Me
This video is not so much funny as it is fascinating. Some researchers set up a big mirror in the jungle.
Earn Big
Referral Fees. We've Made It Really Easy.
Blackburne
& Sons will pay
you a referral fee of 20% of our loan fee, just for providing us
with the name and the phone number of a prospective commercial
mortgage borrower. We once paid a referral fee of $21,250 to a guy
named Alan Dunn.
Just
click here to refer us a commercial
loan.
Final Funny
A farmer in the country noticed that a gentleman would fish at the lake (close to the farmer's house) and would always leave with a stringer full of fish. The fellow had a boat, but a fishing pole was not to be seen.
The farmer mentioned the situation to the game warden. The warden then started watching this man, and everything that the farmer said was true. The man would arrive at the lake in the morning, and by early afternoon, he had a stringer full of fish.
The warden dressed like a fisherman one day and approached the man. They exchanged pleasantries, and the stranger asked the warden in disguise to come fish with him. They boated for 45 minutes and arrived at a secluded spot. The stranger then pulled out a stick of dynamite. The warden said, "I'm going to have to place you under arrest--I am a game warden and you are fishing illegally!"
The stranger calmly lit the stick of dynamite and handed it to the warden. The stranger then said, "Are you gonna talk or fish?"
Buy
Commercial Leads
You can buy
commercial leads from C-Loans for just $1 to $9, plus 37.5
bps. when the deal closes.
Here's the most important reason why you want to buy leads from C-Loans. Once you close five loans for us, we will list you on our Suggested Lender List as a Proven Broker. If you ever achieve this distinction, the rest of your career will be a breeze. Three or four perfect commercial leads will appear in your email box daily until you retire.
Get a Free e-Book on CREF
I've assembled my best commercial real estate finance training articles into a wonderful e-book that is yours free.
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