Volume 8: Issue 9 | Date: October 13, 2020
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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 China’s economic distress and the possibility of war with China. We also have lots of cute, clean jokes, some funny pics, and a wonderful dog video. Sooo cute!
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Joke Du Jour
An attorney was feeling deathly ill and went to the doctor. The doctor examined him and backed away, saying, "I'm sorry to tell you this, but you have an advanced case of highly-infectious rabies. You must have had it for some time. It will almost certainly be fatal."
"Could you give me a pen and paper?" asked the attorney. "Do you want to write your will?” asked the doctor. “No,” replied the attorney, "I want to make a list of all the people I’m going to bite.”
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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.
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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.
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Have a deal to run by me? Click HERE
George Blackburne IV
Loan Representative
P: (916) 338-3232 Ext. 314
georgeiv@blackburne.com
NMLS #382122
CA DRE #01873244
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Stork Joke
A boy was assigned a paper on childbirth and asked his parents, "How was I born?” "Well, Honey..." said the boy's mom, "the stork brought you to us.” "Oh," said the boy. "Well, how did you and daddy get born?" he asked. "Oh, the stork brought us too," chimed in the dad. "Well how were grandpa and grandma born?" he persisted. "Well darling, the stork brought them too!" said the mom.
Several days later, the boy handed in his paper to the teacher, who read with confusion the opening sentence: "This report has been very difficult to write because there hasn't been a natural childbirth in my family for three generations."
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Union President Joke
A Union President was sitting at his son's bedside getting ready to read him a bedtime story. He starts out, "Once upon a time and a half…"
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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.
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Commercial: NATIONWIDE
Residential:
- Alaska
- Arizona
- California
- Delaware
- Florida
- Georgia
- Hawaii
- Indiana
- Louisiana
- Maryland
- Michigan
- Missouri
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- Ohio
- Oklahoma
- Pennsylvania
- Rhode Island
- South Carolina
- Tennessee
- Texas
- Virginia
- Washington
- West Virginia
- Wisconsin
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These states are out:
- Idaho
- Minnesota
- Nevada
- North Dakota
- Oregon
- South Dakota
- Utah
- Vermont
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Don't see YOUR state listed above? If you have a real-life deal, we’ll hire our attorney to quickly research its availability.
George Blackburne IV
Loan Representative
P: (916) 338-3232 Ext. 314
georgeiv@blackburne.com
NMLS #382122
CA DRE #01873244
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.
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Bank Account Joke
Mother decided that 9-year-old Cathy should get something “practical" for her birthday. "Suppose we open a savings account for you?" mother suggested. Cathy was delighted. "It's your account, darling," mother said as they arrived at the bank, "so you fill out the application.” Cathy was doing fine until she came to the space for "Name of your former bank." After a slight hesitation, she put down “Piggy.”
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- Today's Observation -
If China's Economy Starts to Stall,
President Xi Might Start a War
I think China has gotten massively battered in the past two years. The economic statistics coming out of China look just fine, but I don’t trust them. Just think about all of the economic body blows that China has recently absorbed.
It started with President Trump making it outright unpatriotic to move any more U.S. manufacturing plants to China. Maybe even a few manufacturing plants jobs have come home.
Then the U.S. slapped sanctions on many Chinese imports. Suddenly a few U.S. industries, like steel, could start to compete with China.
Trump’s hammering of China has resonated in Europe and throughout the Pacific Rim. You might hate Trump’s sharp New York tongue, but he has been very influential in shaping a worldwide distrust of China. International factories that otherwise might have been constructed in China are now going to Vietnam and India. On the margin, China has surely lost a few sales, if a reasonably priced competing product was available.
And then came the Coronavirus Crisis. Was the virus really created in a Chinese lab? Who knows? But President Trump has achieved some success convincing both Democrats and Republicans that China was to blame. This could NOT have been good for business in China.
On top of that, tens of thousands of Chinese small businesses must have failed during the Coronavirus Crisis. Eighty percent of all urban Chinese workers work for private businesses. Millions must have lost their jobs.
I am starting to see signs that China is running out of U.S. dollars, the currency the world uses to buy raw materials and to trade. They had something like $3 trillion in currency reserves several years ago. I think they are down to just $1 trillion. Be careful here. I could be totally wrong on these numbers; but I doubt seriously whether the Chinese have been able to add to their currency reserves in the past two years.
Why should you care? I exchanged emails with a Hong King citizen a month ago, and he pointed out that in a war, the U.S. could kill one billion Chinese citizens, and they would still have more people than we have.
President Xi of China has made himself president for life, so just one guy controls all $1.35 billion of them. The Chinese are graduating five times more engineering students than we are. In a war of attrition, we lose.
But why should you care? If the economy in China starts to suffer, and the people start to get restless, President Xi will start to lose political support. There is nothing like a war to rally the people around the flag.
I therefore predict that China will invade Taiwan within two and a half years.
The U.S. will have no choice but to enter into a full-fledged conventional war with China. If we lose that first row of islands - Taiwan, Guam, Senkaku, Diaoyu, and Okinawa - then the Solomons, Midway, Hawaii, and possibly even California would be next.
Imagine Chinese missile ships raining conventional but highly-accurate missiles down on California. Our military policy is to fight World War III out there, not on our own soil.
Fanciful? China now has more modern warships than the U.S. Navy. As I often tell my sons, “History doesn’t always happen to the other guy.”
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Vasectomy Joke
One day, after a man had his annual physical, the doctor came out and said, "You had a great checkup. Is there anything that you'd like to talk about or ask me?” "Well," he said, "I was thinking about getting a vasectomy.” "That's a pretty big decision. Have you talked it over with your family?” "Yeah, and they're in favor 12 to 1.”
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Submit Your “A” Quality Commercial Loans on 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!
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Texting Joke
Me (texting): "Are we still on for today?"
Reply Received: "You don’t have to text me this every morning! As your boss, trust me when I say, WE ARE ‘ON' FOR WORK EVERY DAY, MON - FRI!”
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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, George IV, at (916) 338-3232.
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Congress Joke
Working on Capitol Hill, my husband was under constant pressure. After one late-night session, he came home exhausted and went straight to bed. When I turned out the light, he sat up in a panic. "Is everything okay in the house?" he asked. "Yes, honey," I answered. "I locked the doors and turned down the heat.” "That's good," he said, lying back down, his eyelids heavy. "What about the Senate?”
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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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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.
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Voting Fruad Joke
"An 11-year-old boy in Florida was able to hack into a state elections website and change results in under 10 minutes; so get ready to meet Florida's next governor, Fortnite McDeadpool.” — Jimmy Fallon
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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 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).
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Underwear Joke
Two buddies were getting dressed in the locker room after a workout, when the first man saw something that give him a bit of a shock. "How long have you been wearing that bra?" the man asked his friend. The friend replies, "Ever since my wife found it in the glove compartment of my car.”
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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.
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On a Personal Note
Twice a year, usually once in the spring/summer and once around the holidays, I make it a point to visit my family in Indiana. Unfortunately, due to COVID I had been unable to do so, and it was a little depressing. My father has some heart issues, so while we needed to make sure he was safe, I also felt it was important to see him. We only get so much time on this earth and we need to make the most of it. After consulting with my brother and mother, we decided to surprise my father over labor day weekend. But how do we get there? The idea of taking a plane (essentially a giant petri dish with wings) to visit someone who was “at risk” didn’t seem like the smartest thing to do, so we decided to drive. I can barely sit in a car for 2 hours, but somehow we managed to drive 8-10hrs a day, for 4 days (one way), and made it to Indiana. Once there, my brother set the trap. He invited my parents over for a bbq and just as they were getting ready to eat my partner and I walked in and surprised my father. He was elated. For once my mother kept a secret (she is notoriously bad at it haha) and he was completely shocked.
But that wasn’t the only surprise that trip. While my mother knew were coming to visit, what she did not know was that I had secretly proposed about a month before. It took her a few minutes before she noticed the rings, but when she did both my parents were surprised and excited. In these difficult times, make the time for your family. I promise it will be worth it.
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George Blackburne IV
Loan Representative
P: (916) 338-3232 Ext. 314
georgeiv@blackburne.com
NMLS #382122
CA DRE #01873244
Have a deal to run by me? Click HERE
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Video - Hilarious Dog Compilation
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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
The devil told the pope, "No one in the world has a better memory than I do.” The Pope responded, “Really? Well I know this Native American guy who has the best memory in the world, and I'll even prove it.” Then the devil replied, "OK, I'll take your offer and if I have a better memory I get your soul.” "It's a deal" replied the Pope. Then they shook hands to make the deal official.
They went to a remote village in North America. There they met Roaming Bull, the Native American the Pope was talking about. The devil asked him, "Do you like eggs?” The Native American replied, "Yes."
Fifty years passed. Everyone is still alive and have forgotten about the deal; however, the devil still remembered the deal. He went back to the village and greeted the Native American, saying, "How.” Roaming Bull replied, "Scrambled."
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Members of the Blackburne Family of Companies
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CA DRE #829677
NMLS #103430
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P: (916) 338-3232
F: (916) 338-2328
4811 Chippendale Dr, Ste. 101
Sacramento, CA 95841
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CA DRE #1330173
NMLS #167100
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