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Volume 8: Issue 1 | Date: January 11, 2019

COMMERCIAL BROKER NEWSLETTER

You are receiving this letter because you either wrote to us or you are a commercial real estate broker client of either Blackburne & Sons or C-Loans, Inc. Today we’ll discuss how to finance IRA’s that wish to buy real estate. We also have lots of cute, clean jokes, some funny pics, and a terrific Christmas video involving a cute puppy and the Budweiser Clydesdales.

Joke Du Jour

Jack Benny and George Burns (super-famous old comedians) met as young performers on the vaudeville circuit and remained friends for life. One day at lunch, Benny wrestled with the problem of whether or not to butter his bread. "I like butter on my bread," he said. "But my diet strictly forbids butter. Maybe I should call Mary and ask her what to do."

"Jack," Burns said, "don't be ridiculous. You're a grown man. You should be able to decide, without your wife's help, whether or not to butter your own bread.” "You're right," Benny said. "I'll just have the butter, that's all.” When the waiter arrived with the check, Burns pointed to Benny and said, "He's paying.” "What?" Benny said. "Why should I have to pay the whole bill?” "Because if you don't," Burns said, "I'll tell Mary about the butter.”

Forgetfulness Joke

Three sisters, ages 92, 94 and 96, live in a house together. One night the 96-year-old draws a bath. She puts her foot in and pauses. She yells to the other sisters, "Was I getting in or out of the bath?” The 94-year-old yells back, "I don't know. I'll come up and see." She starts up the stairs and pauses "Was I going up the stairs or down?” The 92-year-old is sitting at the kitchen table having tea listening to her sisters, she shakes her head and says, "I sure hope I never get that forgetful, knock on wood..." She then yells, "I'll come up and help both of you as soon as I see who's at the door.”

Private Money Commercial Permanent Loans

From $100K to $1.5M Nationwide

Click HERE to Apply Now!

Do you need a commercial lender who will actually lend up to 75% LTV? Blackburne & Sons has decided to compete against banks by offering a higher LTV.

Do you need a lender who will also look at the borrower's global income - income from salaries, other investments, etc.? Do you need a lender who will allow the seller to carry back a second mortgage? Does your client have a balloon payment coming due on his commercial property? Has your bank offered him a discounted pay-off? Does your borrower have less-than-stellar credit? Is your client's company losing money? Is your borrower a foreign national? Do you need a non-recourse loan? Do you need a commercial loan with no prepayment penalty?

Is your client's commercial property partially vacant? Do all of your commercial leases run out in the next 18 months? Do you need a lender who will allow a negative cash flow? Do you need a loan against a portfolio of rental houses?

And don't forget, we will quickly and happily issue you a written Loan Approval Letter - at no charge - that you can use as a fallback and to lure cheaper lenders. After all, everyone wants to lend to you if you already have a commitment. Here is our latest rate sheet.

Poor Santa Joke

Q: What do you call a bankrupt Santa?

A: Saint Nickel-less…

City Official Joke

Q: What do you call the horse the runs the city?

A: The mare.

Q: What do you call an Eskimo cow?

A: An Eskimoo!

Business Purpose Rental Home Loans in Most States

Click HERE to Apply Now!

Please pay special attention to the following: Unlike other hard money brokers, Blackburne & Sons Realty Capital Corporation makes home loans with a 15-year term (30-year amortization), and there is NO prepayment penalty. Our competitors make just three-year or five-year bridge loans. Our loans are clearly better because you may want to hold the property. These loans are sometimes known as buy-to-rent loans.

Historically, Blackburne & Sons was mostly a commercial lender. This has now changed. We are aggressively aggressively seeking non-owner occupied home loans. We have already closed loans in the following states, and our attorney can quickly research your state to verify that we can lend there. Unfortunately, in a handful of states, an NMLS license is not enough.

Click HERE to submit a deal to Alicia!

Racing Joke

Her: What do you do?

Me: I race cars. 

Her: Do you win many races? 

Me: Not really. The cars are much faster.

- Today's Observation -

Why the Coming Recession Probably Won't Be Horrible

Did you know that you can buy real estate - rental homes, apartment buildings, and commercial buildings - using your IRA? You can even use leverage; i.e., your IRA can obtain a mortgage to buy the property. The only thing is that the loan must be a non-recourse mortgage. You cannot personally guaranty the loan.

Why? The personal guaranty of a very high-net-worth individual, in the eyes of the IRS, makes the loan much less risky to the bank. Therefore, in theory, you could negotiate a much lower interest rate on the loan. This lower interest rate benefits the IRA, which would be an unlawful contribution to the IRA.

Before the Great Recession, banks made lots of non-recourse loans; but after the tremendous drubbing taken by the banks during the slump, Federal regulators have put the kibosh on almost all non-recourse loans from banks. Therefore, how can you now get a non-recourse loan for your IRA to buy property? The answer is private lenders, like   Blackburne & Sons.

How to Earn Huge Referral Fees

Please click here after viewing the video.

Business Book Joke

I'd been working on my business degree for about a year when I finally got to take a popular finance course. I went to the bookstore to buy the text and was shocked to find out that it would cost me $96. I asked how much it was worth if I sold it back at the end of the semester. 

"You'll get $24," said the clerk. "This is insane," I protested as I wrote out the check. "I know," replied the clerk sympathetically. "I've always thought that a person who buys a book for $96 and then sells it back for $24 should fail the course."

Submit Your “A” Quality Commercial Loans Using C-Loans

You old veterans know that commercial lenders are incredibly fickle. One moment a bank loves self storage loans, and the next moment - usually after taking a loss - it wouldn't touch a self storage facility loan with a ten-foot pole. C-Loans.com is a commercial mortgage portal that was designed with commercial lender fickleness in mind.

You fill out one mini-app, and then you can submit your commercial loan application to bank after bank, six at a time, until you find a bank hungry to make a commercial loan today. 

Borrowers and commercial brokers have closed over 1,000 commercial real estate loans totaling over $1 billion, so C-Loans clearly works. And C-Loans.com is FREE!

Apply for a loan now!

Last Night Joke

I don’t remember much from last night; but the fact I needed sunglasses to open the refrigerator door tells me it was awesome.

Hot-To-Trot To Make Fix and Flip Loans

Blackburne & Sons is making a huge push into fix and flip lending. Of course we will still make our private money permanent loans on commercial properties nationwide; but we are now also making fix and flip loans across the country.

Please click here to submit a fix and flip loan or a hard money commercial loan or call me, Alicia Gandy, at (916) 338-3232.

This Weekend Joke

Whenever someone asks what I did this weekend, I squint and ask, “Why, what did you hear?!”

Arguing Joke

I hate when a couple is arguing in public, and I missed the beginning. I don’t know whose side I’m on.

Only Blackburne & Sons Can Do This

Blackburne & Sons has some truly unique and super cool programs:

• We'll give you a bridge loan on your commercial property for only one point! There is no prepayment penalty.
• We allow sellers to carry back a second mortgage behind our first mortgage.
• We will actually lend up to a 75% loan-to-value ration. Banks claim they will lend up to 75% LTV, but in real life they will only go 68% LTV.
• We offer private money (loose-goosey underwriting) commercial loans with 30-year payments and a 15-year term. Our competitors offer 2 to 3-year bridge loans. We offer 15-year permanent loans with no prepayment penalty. Never again will you have a balloon payment come due during a recession.
• We buy commercial first mortgages (usually at a discount).
• Instead of discounting your wonderful commercial first mortgage, consider pledging it as collateral for a smaller loan. This is called a hypothecation. We make loans secured by mortgage notes owned by the borrower.

Sleep Joke

I finally got eight hours of sleep. It took me three nights; but whatever…

Donut Joke

Why did the donut visit the dentist?

To get a new filling.

New Year's Joke

I love when they drop the ball in Times Square... It's a nice reminder of what I did all year.

Two Ways To Earn Referral Fees for Commercial Loans

We Once Paid $21,250

This is an absolute no-brainer. You simply put a link to C-Loans.com on your real estate website. We once paid a $21,250 referral fee to a guy who was asleep when the lead came in! Here are the details.

You can also refer commercial loans by hand. Simply insert your referrals here.

Resolutions Joke

My resolution was to read more, so I put the subtitles on my TV.

On a Personal Note

I just recently watched a movie called “Shooter”. It is about a top marine sniper, Bob Lee Swagger (played by Mark Wahlberg), who leaves the military after a mission goes horribly awry and disappears without a trace. Swagger is coaxed back into service after high-profile government officials convince him to help thwart a plot against the President of the United States. Swagger realizes he has been betrayed and becomes the target of a nationwide manhunt. Instead of hiding, he seeks revenge against some of the most powerful and corrupt leaders in the free world. It’s a pretty good movie!

Video - Latest Budweiser Clydesdales Commercial

Final Funny - Oldie But A Goodie

Cletus is passing by Billy Bob's hay barn one day when, through a gap in the door, he sees Billy Bob doing a striptease in front of an old John Deere tractor. Butt clenched, he performs a slow pirouette, and gently slides off the right strap of his overalls, followed by the left. He then hunches his shoulders forward and in a classic striptease move, lets his overalls fall down to his hips, revealing a torn and frayed plaid shirt. Then, grabbing both sides of his shirt, he rips it apart to reveal his stained T-shirt underneath. With a final flourish, he tears the T-shirt from his body, and hurls his baseball cap onto a pile of hay.

Having seen enough, Cletus rushes in and says, "What in the world are ya' doing, Billy Bob?” "Good grief, Cletus, ya scared the bejeebers out of me," says an obviously embarrassed Billy Bob. "But me 'n the wife been havin' trouble lately in the bedroom d'partment, and the therapist suggested I do something sexy to a tractor."

Members of the Blackburne Family of Companies

CA DRE #829677

NMLS #103430

P: (916) 338-3232

F: (916) 338-2328

4811 Chippendale Dr, Ste. 101

Sacramento, CA 95841

CA DRE #1330173

NMLS #167100