Volume 8: Issue 6 | Date: June 12, 2020
|
|
|
|
|
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 whether we might all be in a declining industry, much like the buggy whip business became obsolete with the arrival of the automobile. We also have lots of cute, clean jokes, some funny pics, and an amazing little video of a bobcat jumping.
|
|
|
|
|
|
|
Joke Du Jour
During their vacation and while they were visiting Jerusalam, George's mother-in-law died. With death certificates in hand, George went to the American Consulate Office to make arrangements to send the body back to the states for proper burial.
The Consul, after hearing of the death of the mother-in-law, told George that the sending of a body back to the states for burial is very, very expensive. It could cost as much as $5,000. The Consul continues, in most cases the person responsible for the remains normally decides to bury the body here. This would only cost $150.
George thinks for some time and answers, "I don't care how much it will cost to send the body back; that's what I want to do." The Consul, after hearing this, says, "You must have loved your mother-in-law very much, considering the difference in price." "No, it's not that," says George. "You see, I know of a case from many years ago of a person that was buried here in Jerusalem. On the third day, he rose from the dead! I just can't take that chance.”
|
|
|
|
|
|
|
Free Commercial Loan Software
C-Loans has just developed some brand new commercial loan software that is super-easy to use, even for a complete newbie to commercial real estate finance. You just fill in the blanks. You can then take your professional-looking commercial loan package and submit it to any lender in the country. This new commercial loan software is also 100% free.
|
|
|
|
|
|
|
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.
|
|
|
|
|
|
|
Marijuana Joke
A new study found that marijuana use among people over 65 has gone up 250 percent in recent years. One woman said, "I like to smoke up before watching, 'Jeopardy!' I call it my daily doobie.” — Jimmy Fallon
|
|
|
|
|
|
|
Commercial Mortgage Rates Today
Here are today's commercial mortgage interest rates for permanent loans from banks, SBA 7a loans, CMBS permanent loans from conduits, and commercial construction loans. Be sure to bookmark our Commercial Loan Resource Center, where you will always find the latest interest rates on commercial loans; a portal where you can apply to 750 different commercial lenders in just four minutes; four huge databanks of commercial real estate lenders; a Glossary of Commercial Loan Terms, including such advanced terms as defeasance, CTL Financing, this strange new Debt Yield Ratio (which is different from the Debt Service Coverage Ratio), mezzanine loans, preferred equity, and hundreds of other advanced terms; and a wonderful Frequently Asked Questions section, which is designed to train real estate investors and professionals in the advanced subject areas of commercial real estate finance ("CREF").
|
|
|
|
|
|
|
In School Joke
A friend of mine has three boys, the youngest of whom, Gregory, had just started school. A teacher commented to Gregory that she couldn't believe he was already in first grade and asked what his mother did all day now that the three boys were in school. "Cartwheels," Gregory answered.
|
|
|
|
|
|
|
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.
|
|
|
|
|
|
|
Commercial: NATIONWIDE
Residential:
- Alaska
- Arizona
- California
- Delaware
- Florida
- Georgia
- Hawaii
- Indiana
- Louisiana
- Maryland
- Michigan
- Missouri
- New Jersey
- New Mexico
- New York
- North Carolina
- Ohio
- Oklahoma
- Pennsylvania
- Rhode Island
- South Carolina
- Tennessee
- Texas
- Virginia
- Washington
- West Virginia
- Wisconsin
|
|
|
|
These states are out:
- Idaho
- Minnesota
- Nevada
- North Dakota
- Oregon
- South Dakota
- Utah
- Vermont
|
|
|
|
|
|
|
|
|
|
Don't see YOUR state listed above? If you have a real-life deal, we’ll hire our attorney to quickly research its availability.
Alicia Gandy
Loan Representative
P: (916) 338-3232 Ext. 310
gandy@blackburne.com
NMLS #389678
The property has to be non-owner occupied, and the purpose of the loan must be for business. The nice thing about business purpose home loans from Blackburne & Sons is that our loans have a 30-year amortization, a 15-year term and no prepayment penalty.
|
|
|
|
|
|
|
Dummy Joke
Did you know that 97% of the world is dumb? Luckily, I’m in the other 5%!
|
|
|
|
|
|
|
- Today's Opportunity -
Is Commercial Real Estate Obsolete?
My wife and I love getting delicious and exotic meals delivered to our door from various nearby restaurants. How soon before before a bunch of smart restauranteurs set up kitchens in cheap industrial parks and rely 100% on DoorDash and GrubHub?
For the past four months, the workers at Blackburne & Sons have been working from home, with perhaps one different worker per day working out of the office. Zoom, scanning, PDF’s, email, and Dropbox work quite well, and my employees have no commute. Yeah, baby! :-) We’ve worked out of the same 1,600 sf office for 25 years now, so even if we someday needed to expand, we’ll simply hire virtual workers. We’ll never rent more office space.
For at least fifty years, many small-time bookkeepers, real estate brokers, and property managers have worked from a little office in their homes. How soon before larger firms maintain just a token office and only meet with their clients using Zoom? Do we need so much office space?
We have already seen Amazon’s business grow by 30% during this crisis. People like having their staple goods delivered to their door. The future of retail simply must lie in providing experiences, not just rows of goods on shelves; but even if stores become cool places to hang out and view new things, the overall demand for retail space simply must fall.
Gesch, if I were a commercial architect, I might be tempted to jump off a bridge. Not only are 99% of all banks out of the commercial construction lending market, but the demand for new commercial space will almost certainly plunge by 50%. Sixty percent? More?
This three-month COVID quarantine has changed our world. Multifamily and residential projects will still be hot. If you are in the loan business, I urge you to focus your attention there. I have fantasies of large, master-planned, live-work subdivisions in Indiana, where water is plentiful (the vegetation here is so lush and green) and land is cheap. Every house would have an attached home-office, with a separate entry, and three visitor parking spaces.
|
|
|
|
|
|
|
Dust Joke
A visiting minister waxed eloquent during the offertory prayer. He began, with arms extended toward heaven and a rapturous look on his upturned face,"Without you we are but dust... " He would have continued, but at that moment my daughter, who surprisingly was listening, leaned over to me and asked, quite audibly in her shrill little girl voice, "Mom, what is butt dust?”
|
|
|
|
|
|
|
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!
|
|
|
|
|
|
|
Steel Joke
"You know, I really don't think I need buns of steel. I'd be happy with buns of cinnamon." — Ellen DeGeneres
|
|
|
|
|
|
|
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.
|
|
|
|
|
|
|
Wrong Student Joke
While visiting a country school, the Chairman of the Board of Education became provoked at the noise the unruly students were making in the next room. Angrily, he opened the door and grabbed one of the taller boys, who seemed to be doing most of the talking. He dragged the boy to the next room and stood him in the corner. A few minutes later, a small boy stuck his head in the room and pleaded, "Please, sir, may we have our teacher back?”
|
|
|
|
|
|
|
Bored Joke
Dispatcher: "Nine-one-one. What's the nature of your emergency?"
Caller: "My wife is pregnant, and her contractions are only two minutes apart."
Dispatcher: "Is this her first child?"
Caller: "No, you idiot! This is her husband.”
|
|
|
|
|
|
|
Free Copy of The Blackburne List
Click here to get a free list of 200 commercial lenders, including at least five for every state.
The Blackburne List is a list of over 2,500 commercial lenders located nationwide. We spent almost $30,000 and three months updating this list, and we just finished updating it in 2019.
The Blackburne List is available for purchase for just $79.95 at CommercialLenders.com. Is money tight? You can also buy one of our three Regional Lists (750+ lenders) for just $39.95.
You can also search The Blackburne List using CommercialMortgage.com for free.
|
|
|
|
|
|
|
Squirrel Fire Joke
"A couple in Michigan is being sued for $2 million after they burned down their apartment complex while trying to cook a squirrel with a blowtorch. I'm not an accountant, but it SOUNDS like they might not have $2 million.” — Seth Meyers
|
|
|
|
|
|
|
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).
|
|
|
|
|
|
|
Space X Joke
Q: What do you call a peanut in a spacesuit?
A: An astronut!
|
|
|
|
|
|
|
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.
|
|
|
|
|
|
|
On a Personal Note
Due to Covid 19, the Blackburne staff has been working from home since mid-March. It’s been quite a transition working from home and was very difficult in the beginning, but we have survived and will be slowly returning back to the office this week. As if the Covid 19 Pandemic wasn’t enough for everyone to deal with, we are now dealing with major rioting, looting, burning of small businesses, people getting beat up for no reason, and major destruction to our State. Our City/State is now in shambles. As if my daughter who is the Manager of a well-known grocery store and works 11 hour days (wearing a mask) didn’t have enough to worry about, she now has to worry about mass amounts of people storming into her store to loot, riot and damage the store. Our neighborhoods have been put on an 8:00 PM curfew and the National Guard has being called in. What is going on in our world today? Please be safe out there and continue to stay home and protect your belongings and families. I hope something changes soon.
|
|
|
|
|
|
|
|
Video - This Bobcat Can Really Jump
|
|
|
|
|
|
|
|
|
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.
|
|
|
|
|
|
|
|
|
|
Final Funny
A Sunday School teacher of preschoolers was concerned that his students might be a little confused about Jesus Christ because of the Christmas season emphasis on His birth. He wanted to make sure they understood that the birth of Jesus occurred a long time ago, that He grew up, etc. So he asked his class, "Where is Jesus today?” Steven raised his hand and said, "He's in heaven." Mary was called on and answered, "He's in my heart." Little Johnny, waving his hand furiously, blurted out, "I know! I know! He's in our bathroom!!!”
The whole class got very quiet, looked at the teacher, and waited for a response. The teacher was completely at a loss for a few very long seconds. He finally gathered his wits and asked Little Johnny how he knew this. And Little Johnny said, "Well...every morning, my father gets up, bangs on the bathroom door, and yells 'Jesus Christ, are you still in there?'!"
|
|
|
|
|
|
|
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
|
|
|
|
|
|
