PRIVATE CLIENT NEWSLETTER
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Volume 3: Issue 3 | Date: April 8, 2019
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You are receiving this letter because you are either a high-net-worth client of Blackburne & Sons Realty Capital Corporation (since 1980) or you once applied for a commercial real estate loan of $1 million or more using C-Loans.com or CommercialMortgage.com. Blackburne & Sons and C-Loans, Inc. are sister companies.
Today we are going to talk about Credit Tenant Lease (CTL) financing. In addition, it may not be too late to get in our our syndication deal scheduled to yield 26% annually. Finally we have lots of cute, clean jokes, some funny pics, and a terrifying video of weather going crazy.
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Joke Du Jour
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. That's his problem."
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Earn Up to 12% Interest in Your IRA or Your Kid’s College Fund
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You probably have money set aside for your retirement and for the cost of college for your children and grandchildren. It shouldn't all be invested in the stock market. In California, the first trust deed investment business is huge. A recent law change - the JOBS Act - now allows accredited investors nationwide to also invest in these same first trust deeds and first mortgages.
Please click here to receive investment offerings.
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Book Babies Joke
Three men were at a bar discussing coincidences. The first man said, "My wife was reading a 'Tale of Two Cities' and she gave birth to twins!" "That's funny," the second man remarked, "my wife was reading 'The Three Musketeers' and she gave birth to triplets!"
The third man shouted, "Good God, I have to rush home!" When asked what the problem was, he exclaimed, "When I left the house, my wife was reading 'Ali Baba and the Forty Thieves!'"
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You Are Now a Private Client of Blackburne & Sons
Please be sure to tell us when you call. "George asked me to mention that I am a Private Client of the firm.”
My loan officers are trained to snap to attention. Our commercial mortgage office number is 916-338-3232.
Alternatively, you can apply for a commercial real estate loan or a non-owner-occupied home loan:
Click HERE to apply for a loan
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Very Reasonable Investment Scheduled to Yield 26% Annually
Folks, this is a real-life deal that I highly recommend. I have known the developer for over 30 years. It may not be too late to get in on it. The deal is sold out, but as we approach the closing, there is typically some shrinkage as investors get the last minute heebie-jeebies. I urge you to call or email Angela Vannucci at 916-338-3232 and get on the list of back-ups. I genuinely believe that - for high net worth, sophisticated investors - that this is the best investment we have ever offered in our 39 years in business (established 1980).
Property Investment Bulletin
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Pet Name Joke
“Nice dog. What’s its name?” I asked my friend’s 10-year-old son. “Bob,” he said. “And your cat?” I asked. “His name is Bob as well.” “How do you keep them straight?” I asked puzzled. “Well, one is Bob Cat, and the other is Bob Barker,” the boy answered. “Tell him your rabbit’s name,” his father suggested. The kid smiled and said, “Dennis Hopper.”
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Want to Speak With a Loan Officer From Blackburne & Sons?
Blackburne & Sons, our private money commercial lending company, continues to seek slightly-flawed first mortgages between $100,000 to $1.5 million on standing commercial properties nationwide.
To apply for a private money commercial loan from Blackburne & Sons, please find your favorite loan officer below:
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Age Joke
This lady tells the story: My youngest son asked me how old I was. "39 and holding,” I answered. He thought for a moment, and then he asked, "But how old would you be if you let go?”
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- TODAY'S OBSERVATIONS -
Credit Tenant Lease (CTL) Financing
If you are an investor with a prime property leased on a triple net basis to a credit tenant, you can get terrific commercial financing. A credit tenant lease is a method of financing real estate. The landlord borrows money to finance the property and pledges as security the rents to be received from the tenant. Usually, the financing is structured as nonrecourse debt, and the lease is structured as a triple net lease. Credit tenant leases may be created either in sale/leaseback transactions or new purchase transactions.
A credit tenant is typically a national company that is rated BBB or higher by Standard & Poors. Examples of national credit tenants include Walgreens, CVS Pharmacies, Petco, Auto Zone, Sprint PCS Superstores, Frederic's of Hollywood, Lenscrafters, FedEx Kinko's, etc. Read more on CTL financing on George's blog.
Click HERE to subscribe for free training!
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Need a Commercial Real Estate Loan?
C-Loans.com is a commercial mortgage portal. It will take you just four minutes to complete your mini-app. Then C-Loans will sort through its databank of 750 commercial lenders and produce for you a custom-generated Suggested Lender List containing twenty to thirty lenders who are perfect for your particular deal. You put a check mark next to six lenders and then press, "Submit." Within minutes hungry commercial lenders will be contacting you with offers.
Apply Now!
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Vacation Joke
My friend Jim told me that when he asked his wife where she wanted to go on vacation, she said that being married to him was a vacation. When I commented that was a nice thing to say to him, Jim replied, "Well, actually, what she said was I was the 'last resort.’"
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C O M M E R C I A L M O R T G A G E . C O M
Even More Commercial Lenders
We actually own another commercial mortgage portal, CommercialMortgage.com ("CMDC"). CMDC is a much easier and faster commercial mortgage portal than C-Loans. In addition, CMDC enjoys over 3,000 different commercial lenders.
So why shouldn't you just always use CommercialMortgage.com? Unlike CMDC, C-Loans.com actually allows you to submit your commercial loan to dozens and dozens of commercial lenders, six lenders at a time. But if C-Loans doesn't produce just the right lender, then you should move on to CommercialMortgage.com. And best of all, both our our commercial mortgage portals are 100% free.
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Call From Wife Joke
One of my employees was scrambling like mad to finish a report for an early board meeting, when he received a call from his wife. “Honey,” she said, “I have good news and bad news.” Frazzled, he asked just for the good news. His wife replied “Well, the good news is that the air bags work."
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Here's Why You Want to Stay Close to Blackburne & Sons
Founded in 1980, Blackburne & Sons is an old-time syndicator. There are very few of us left. The Tax Reform Act of 1986 pretty much nuked the whole syndication industry off the face of the Earth. Because you know a syndicator, you now have access to some special money.
If you need a fix and flip loan, a buy-to-rent loan, a bridge loan, or even a permanent loan on, say, on your single-wide trailer park in Georgia, we'll make you a private money loan. We've been syndicating hard money loans for 38 years.
If you have some dough set aside for your kid's college, and you want to be extra careful with it, we'll put you into a first trust deed investment (8% to 12% yields) on, say, a nice 8-unit apartment building in San Jose, California.
Let's suppose you are richer than Crassus, and you want to speculate in 11% and 12% first trust deeds. We've got them.
Do you find yields of even 11% to 12% too tame? Want a chance to earn 16% or 25%? We put together syndicates to provide developers with construction equity:
Roseburg Marriott Fairfield Inn Investment Bulletin
Do you own any first mortgage notes? Want to sell a note at a discount? Better yet, why not simply borrow against it? This is called a hypothecation, and we do 'em.
Please be very wise and play close attention to the following:
Because every loan we make is a new syndicate (as opposed to a fund investment), Blackburne & Sons is always in the market.
When the stock market has fallen by 40%, when real estate values are falling like a knife, and when your own bank is too terrified to lend you a dime, Blackburne & Sons always has a group of savvy investors willing to lend - admittedly at a price - when blood is running in the streets. We are one of a tiny handful of lenders who remained in the market, making loans, every single day of the Great Recession.
So stick close to us. Syndicators are pretty rare, and now you know one.
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Video - Weather Gone Crazy
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Apply to Blackburne & Sons For a (Very Soft) Hard Money Loan
Here is a scenario that might tickle you. You could have $100,000 from your self-directed IRA spread out among four or five first trust deeds from Blackburne & Sons, and at the very same time you could be borrowing $250,000 from Blackburne & Sons on an apartment building that you are fixing up in Boston. Not every hard money lender is the same. Our loans have a 30-year amortization (almost interest-only), a 15-year term, and no prepayment penalty. You never want to have a hard money loan ballooning during a recession. Apply for a commercial loan or business-purpose home loan from Blackburne & Sons.
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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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Final Funny (PG-13)
Sitting behind a couple of nuns at a baseball game (with their habits partially blocking the view), three men decided to badger the nuns in an effort to get them to move. In a very loud voice, the first guy said, "I think I'm going to move to Utah, there are only 100 nuns living there." The second guy spoke up and said, "I want to go to Montana, there are only 50 nuns living there. The third guy said," I want to go to Idaho, there are only 25 nuns living there." One of the nuns turned around, looked at the men, and in a very sweet calm voice said, "Why don't you go to Hell. There aren't any nuns there.”
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ANGELA VANNUCCI
Executive Vice President
CA DRE #1425852 / NMLS #389465
BLACKBURNE & SONS
Realty Capital Corporation
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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A member of the Blackburne Family of Companies
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