Volume 4: Issue 7 | Date: June 29, 2020
|
|
|
|
PRIVATE CLIENT NEWSLETTER
|
|
|
|
|
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’ll discuss finding a home for your commercial loan during this recessionary period. As always, we have lots of cute, clean jokes, funny pictures, and a video of what it's like being stung by a Murder Hornet.
|
|
|
|
|
|
|
Joke Du Jour
The World Health Organization has determined that dogs cannot contract Covid-19. Dogs previously being held in quarantine will be released. To be clear, WHO let the dogs out.
|
|
|
|
|
|
|
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 business-purpose loan secured by a commercial or non-owner occupied property.
|
|
|
|
|
|
|
Mad Joke
Wife: "I'm mad!"
Husband: "Again or still?"
|
|
|
|
|
|
|
Earn Up to 12% Interest in Your IRA or Kid’s College Fund
It is important that you please grasp the concept that you could be borrowing from Blackburne & Sons against some rental or commercial property at the very same time that you are using your IRA to invest $30,000 in one of our first trust deed investments. Many of our biggest trust deed investors first came to us twenty years ago as commercial property borrowers.
|
|
|
|
|
|
|
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.
|
|
|
|
|
|
|
Dinner Joke
I came home from work this evening and asked my wife, "Are we having salad for dinner?” "Yes we are. How did you know?" she asked. I replied, "Because I can't hear the smoke alarm."
|
|
|
|
|
|
|
Want to Speak With a Blackburne & Sons Loan Rep?
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 click on your favorite loan officer below to send them an email:
|
|
|
|
|
|
|
Attention Joke
I was struggling to get my wife’s attention, so I simply sat down and looked comfortable. That did the trick.
|
|
|
|
|
|
|
- Today's Observation -
Here's How to Find a Lender
in Today's Market
After having survived the S&L Crisis, the Dot-Com Meltdown, and the Great Recession, when commercial real estate fell by almost exactly 45% each time, I can tell you that the banks are going to be very, very slow in returning to the commercial real estate lending market.
But here’s the thing: On different days, in different markets, on different property types, different banks are going to pop in and out of the market. They are going to make one or two commercial loans, and then they are going to jump back out of the market. It’s a confidence thing. One day the CEO is convinced that the worst is over. The next day he will read a scary article in the Wall Street Journal, and the bank will be out of the market again. This will probably continue for at least 18 more months, if not longer.
Okay, so what do you do? The answer is that you may have to submit your commercial loan request to as many as sixty different banks before finding the right home for it. Sound impossible? It’s not. Just make a PDF of your loan package and send it to each bank by email. Voila! You’ll be surprised how fast the process goes.
The easiest way to accomplish this is by using C-Loans.com. Not only do we give you a free list of twenty to forty suitable lenders, but you can also quickly make your C-Loans app into a PDF. Then you can submit that PDF to twenty to forty of your own banks as well. This is a numbers game.
|
|
|
|
|
|
|
Carded Joke
The other day I got carded at the liquor store. While I was taking out my ID, my old Blockbuster card fell out. The clerk shook his head, said, “Never mind,” and rang me up.
|
|
|
|
|
|
|
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.
|
|
|
|
|
|
|
|
|
|
Glasses Joke
A man went to his doctor and said, "Help me, doctor. I think my eyesight is getting worse.” The doctor asked the man to look out the window. "Tell me what you see," he said, pointing. "I see the sun," the man replied. The doctor turned to him and asked, "Just how much farther do you want to see?"
|
|
|
|
|
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 40 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.
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.
|
|
|
|
|
|
Waiting List Joke
Maury and his wife showed up to a very popular restaurant, but it was very crowded. Mrs. Maury went up to the hostess and asked, "Will it be long?” The hostess appeared to ignore her and kept writing in her book, so she asked again, "How much of a wait?” The hostess then looked up and said, "About ten minutes.” A short time later they heard an announcement over the loudspeaker, "Willete B. Long, your table is ready."
|
|
|
|
|
|
|
|
Quickly Find 30 Commercial Lenders For Your Deal
|
|
|
|
|
|
|
Burglary Joke
Victim (after burglary): "They stole everything from my house but the soap and towels.”
Policeman: "Why, those dirty crooks!"
|
|
|
|
|
|
|
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.
|
|
|
|
|
|
|
Baby Lunch Joke
My husband is wonderful with our baby daughter, but he often turns to me for advice. Recently I was in the shower when he poked his head in to ask, "What should I feed Lily for lunch?” "That's up to you," I replied. "There's all kinds of food. Why don't you pretend I'm not home?” A few minutes later, my cell phone rang. I answered it to hear my husband saying, "Yeah, hi, honey. Uh…what should I feed Lily for lunch?"
|
|
|
|
|
|
|
|
Video - Being Stung by a Murder Hornet
|
|
|
|
|
|
|
Final Funny
A man having lunch at a Chinese restaurant noticed that the table had been set with forks, not chopsticks. He asked why. The waiter said, "Chopsticks are provided only on request."
"But," the man countered, "if you gave your patrons chopsticks, you wouldn't have to pay someone to wash all the forks."
"True," the waiter shot back, "but we'd have to hire two more people to sweep the floor."
|
|
|
|
|
|
|
|
|
|
ANGELA VANNUCCI
President
angelav@blackburne.com
P: (916) 338-3232
F: (916) 338-2328
CA DRE #1425852 / NMLS #389465
BLACKBURNE & SONS
Realty Capital Corporation
4811 Chippendale Drive, Suite 101
Sacramento, CA 95841
CA DRE #00829677 / NMLS #103430
|
|
|
|
|
|
|
A member of the Blackburne Family of Companies
|
|
|
|
|
|
