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Volume 9: Issue 1 | Date: January 26, 2021

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 long it will be before super-accurate Chinese conventional missiles will be raining down on California. We also have lots of cute, clean jokes, some funny pics, and an absolutely amazing encounter between two jackals, a python, and a honey badger.

Joke Du Jour

I asked my phone, "Siri, why am I so bad with women?"

She said, "I'm Alexa, you moron.”

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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.

Cat Talk Joke

This morning I saw a neighbor talking to her cat. It was obvious that she thought her cat understood her. I came home and told my dog. We had a good laugh.

- Today's Observation -

Disinflation is dead. Long Live Inflation!

The United States has enjoyed disinflation since 1980, shortly after Japan’s debt bubble popped. Since 1980, the U.S. and European inflation rate has been steadily falling. Disinflation is different from outright deflation. Deflation means that prices are actually falling. Disinflation merely means that rate of the inflation is falling.

The COVID pandemic was the final nail in the coffin. Absent the well-conceived PPP loans (I have heard of few abuses), the United States might have lost 300,000+ otherwise-profitable businesses. Congress and the President helped these American businesses when they needed it most. In my opinion, the PPP Loan Program was amazingly successful.

The PPP Loan Program eventually cost the Federal government, however, over $525 billion. To make matters worse, the huge increase in the deficit just followed a $1.9 trillion tax cut by President Trump. Between the two stimulus programs, we broke the budget. The only solution was to have the Fed buy up our own debt.

Unfortunately the actions of the Fed worked too well. The U.S. economy soared. The unemployment rate plunged. Real average wages started to increase for the first time in several decades. The stock market soared. Despite COVID, the U.S. unemployment rate is still less than 6.9%. Deficits apparently no longer matter, at least in the eyes of Congress.

This is why you can bet that inflation will soon come roaring back. Have you noticed that home prices are soaring? No poop, Sherlock! Haha. Go get a huge mortgage at today’s ridiculously low interest rates and buy the biggest home you can afford. By keeping interest rates ridiculously low, the Fed is subsidizing home purchases. 

If you can even find a home to buy… The big problem is inventory. Investors are snatching up homes without even seeing them. They are relying entirely on online videos. Investors are also paying all cash. Home prices were held in check for most of the past year by the fact that the homes were not appraising for their purchase price. Sellers were forced to reduce their asking prices so that their buyers could get mortgage loans.

No longer. Now more and more investors are simply paying all cash for these homes, thereby going around the whole appraisal issue. Folks, home prices today are an absolute steal. Buy a big home right away, if you need the extra space.

Commercial 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.

Earn Huge Referral Fees

Yoda Joke

"Yoda, are you sure we're headed in the right direction?"

"Off course we are…"

Business Purpose Rental Home Loans in Most States

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-yr 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 Hampshire
• 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.

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.

Learn Commercial Finance

9 Hour Video Training

Confession Joke

Priest: "Do you have something to confess?”

Man: "I did something Father, but I am not sure if it was a sin."

Priest: "Did you enjoy it?"

Man: "Yes, Father."

Priest: "Then it was a sin.”

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!

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).

COMMERCIALMORTGAGE.COM

Even More Commercial Lenders

FREE Expert Training

The C-Loans blog written by an industry veteran and attorney. Subscribe HERE.

On a Personal Note

With 2020 behind us, I am looking forward to new year. As part of the new year, I am happy to announce that our office has moved! After over 20 years in the same location, we finally took the plunge and moved. It was a bitter sweet moment for me, as in a way I grew up at our old location. I remember how after school, we would go to the office and run around the back room until it was time for whatever activity (karate or sports etc.). There are pictures of me, helping stuff investment offerings into envelopes back when we used to send them out via mail. I will always remember that office, but with a new year and a new office comes the opportunity to make new memories. So heres to 2021. Let us make the best of it!

Video - Groundhogs Take Over This Garden

Final Funny

An old guy was working out in the gym when he spotted an attractive young lady.  He asked a nearby trainer, "What machine should I use to impress that lady over there?” The trainer looked him up and down and said, "I would try the ATM in the lobby."

Members of the Blackburne Family of Companies

CA DRE #829677

NMLS #103430

P: (916) 338-3232

F: (916) 338-2328

555 University Drive, Ste. 150

Sacramento, CA 95825

CA DRE #1330173

NMLS #167100