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RESIDENTIAL LENDING NEWSLETTER
Volume 9: Issue 3 | March 4th, 2020
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You are receiving this letter because you are a client of either Blackburne & Sons or C-Loans, Inc. Removal instructions are below. Today we’ll discuss EXACTLY how to profit from the coronavirus crisis. We also have lots of cute, clean jokes, some funny pics, and a hilarious, short video that shows how break-dancing started.
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Joke Du Jour
A man hasn't been feeling well, so he goes to his doctor for a complete checkup. Afterward, the doctor comes out with the results. "I'm afraid I have some very bad news," the doctor says. "You're dying, and you don't have much time left." "Oh, that's terrible!" says the man. "How long have I got?" "Ten," the doctor says sadly. "Ten?" the man asks. "Ten what? Months? Weeks? What?!" "Nine…"
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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 Jersey
- 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
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What about YOUR state? If you have a real-life deal, we’ll hire our attorney to quickly research its availability.
The property has to be non-owner occupied, and the purpose of the loan must be for business. Remember, 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.
Call or email your favorite loan representative by clicking their picture:
(916) 338-3232
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Babies Joke
Four men are in the hospital waiting room because their wives are having babies. A nurse approaches the first guy and says, “Congratulations! You're the father of twins.” “That's odd,” answers the man. “I work for the Minnesota Twins!” A nurse then yells the second man, “Congratulations! You're the father of triplets!” “That's weird,” answers the second man. “I work for the 3M Company!” A nurse goes up to the third man saying, “Congratulations! You're the father of quadruplets." “That's strange,” he answers. “I work for the Four Seasons Hotel!” The last man begins groaning and banging his head against the wall. “What's wrong?” the others ask. “I work for 7-Up!”
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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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Toddler Joke
Two students were talking about their childhood. "I was a very clever toddler. By the time I was ten months old, I could already walk.” "You call that clever?" the other said. "I managed to trick my parents into carrying me until I was three!”
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Now available online!
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Grape Joke
Q: What did the green grape say to the purple grape?
A: “Breathe, you fool, breathe!”
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Fifteen-Year Fix-and-Flip Loans for Residential Properties
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Most fix-and-flip lenders make one or two-year loans. If the market turned (a very real risk today) and houses stopped selling, the flipper might be forced to sell his cherry house at a loss in order to pay off the balloon. Had he had gotten a 30-year amortization, 15-year fix-and-flip loan from Blackburne & Sons, he could have simply rented out the property and enjoyed a positive cash flow until the time time was right to sell again.
Our fix-and-flip loans have no pre-payment penalty, so you can use them for 60 days or 15 years.
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Lamb Joke
If Mary had Jesus, and Jesus is the lamb of God, does that mean Mary had a little lamb?
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The Blackburne List
The Blackburne List is a list of over 2,500 commercial lenders located nationwide. It is available for purchase for just $79.95. Is money tight? You can also buy one of our three Regional Lists (750+ lenders) for just $39.95.
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Bear Conversion Joke
A priest, a minister, and a rabbi want to see who’s best at his job. So they each go into the woods, find a bear, and attempt to convert it. Later they get together. The priest begins: “When I found the bear, I read to him from the Catechism and sprinkled him with holy water. Next week is his first communion.” “I found a bear by the stream,” says the minister, “and preached God’s holy word. The bear was so mesmerized that he let me baptize him.” They both look down at the rabbi, who is lying on a gurney in a body cast. “Looking back,” he says, “maybe I shouldn't have started with the circumcision.”
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- Today's Opportunity -
How to Profit From The Corona Virus
China’s economy is about to get clobbered by this coronavirus crisis. The financial hammer is NOT what you think. It's not just the issue of three hundred million workers cowering in their homes. The financial hammer is that the multiplier effect is about to kick into reverse. An enormous deflationary tidal wave is about to wash over China and the rest of the world.
The cause is the fact that Chinese banks are now too frightened to lend, and small business owners in China are now too frightened to borrow. In the meantime, Chinese small business owners, who employ sixty percent of China’s workers, are still making payments on their bank loans. The terrified Chinese banks are either too frightened to lend, or they can’t find any borrowers brave enough to borrow.
Because the multiplier effect can work in reverse, a $1,000 loan payment from a small business can, if the banks fails to recycle that payment, suck a whopping $20,000 (20:1) out of the Chinese money supply. Chinese borrowers probably send at least $50 billion back to the banks in loan payments every year. Multiplied by twenty, that means that $1 trillion in money is being destroyed annually in China.
Soon, money will become desperately tight in China. Tens of thousands of small businesses in China will fail, tens of millions of workers will be laid off, further reducing demand for products, and adding to the failures of even more businesses and leading to even more layoffs of workers. It is going to be a deflationary bloodbath.
Okay, now let’s profit from this.
Are you a commercial loan broker? Soon most of the banks will be out of the commercial real estate loan market. Soon subprime Wall Street lenders will be unable to sell their mortgage-backed securities, and they will be forced to leave the market. Soon most of the hundreds of the new hard money mortgage funds will close because they lack any new money to lend.
This is great news for you. Borrowers will be desperate for commercial loans, and you know one of the only commercial lenders that will remain in the market. I have told you for years that we intentionally do not use a fund. We quickly put together a fresh syndicate to fund every single loan. This is why Blackburne & Sons was in the market, making new commercial loans, every single day of the S&L Crisis, the Dot-Com Meltdown, and the Great Recession.
Are you a commercial broker (commercial real estate sales broker)? Lots and lots of business owners will be desperate for cash, and many will be willing to list their properties for sale. Get out there and talk to every business owner and every commercial property owner that you know. The next two years should be a field day for listings for you.
Are you a real estate investor? The best time to invest is when blood is running in the streets, and sadly I greatly fear that there will soon be plenty of blood in the streets. But please grasp this concept: Commercial real estate fell by 45% during the S&L Crisis. Within three years, values reached new highs. Commercial real estate fell by 45% during the Dot-Com Meltdown. Within three years, values reached new highs. Commercial real estate fell by 45% during the Great Recession. Within three years, values reached new highs.
When commercial real estate values have fallen by 35% (not 45%), get out there and BUY something. If values simply recover, you will have earned 53.8% on your money. Why not wait until commercial real estate has fallen by 45%? You will end up buying nothing! In every real estate depression for the past forty years, real estate values soared from their nadir (low point) to a full recovery in a matter of weeks. Don’t get greedy!
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Are You Wise Enough To Pay Attention?
There are literally hundreds of private money mortgage companies out there today, and you can probably get a decent loan from most of them. But here’s the thing. Virtually all of these hard money shops are newbies (since 2009), and they are funds. The problem with hard money mortgage funds is that they don’t survive recessions. As soon as a recession hits, the investors rush to withdraw. Suddenly the hard money shop running the fund has no money with which to lend and earn loan fees. With little income coming in, the hard money shop closes.
Think I am full of beans? There were 300 hard money mortgage businesses in 2006. Fewer than ten survived.
Why do you care?
You have lost your relationship with these lenders! Success in real estate finance is all about relationships. Consider the fact that Blackburne & Sons has been in business for almost 40 years. We survived the S&L Crisis, the Dot-Com Meltdown, and the Great Recession. We were just about the only hard money shop in the country to remain in the market every day of the Great Recession.
Most of you will ignore this. The handful of wise investors and brokers will build a relationship with Blackburne & Sons. Winter is coming.
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Geography Joke
A bank robber pulls out gun points it at the teller, and says, "Give me all the money or you're geography!" The puzzled teller replies, "Did you mean to say 'or you're history?'" The robber says, "Don't change the subject!”
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Hungry for Commercial Loans Too
Blackburne & Sons is also looking for hard money first mortgage loans - up to $1.5 million - secured by commercial properties nationwide. Our private money loans almost never have a prepayment penalty.
Click HERE to submit a quick application!
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Diplomacy Joke
Diplomacy is the art of telling people to go to hell in such a fashion they ask for directions.
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Legal Proof Joke
A man went to his lawyer and told him, "My neighbor owes me $500 and he won’t pay up. What should I do?" "Do you have any proof he owes you the money?" asked the lawyer. "Nope," replied the man. "OK, then write him a letter asking him for the $5,000 he owed you," said the lawyer. "But it's only $500," replied the man. "Precisely. That’s what he will reply, and then you’ll have your proof!”
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Birthplace Joke
Brunette: "Where were you born?"
Blonde: "The United States."
Brunette: "Which part?"
Blonde: "My whole body.”
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Fish Joke
Q: Why did the fish blush?
A: Because it saw the ocean's bottom.
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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
And finally: A new, young MD doing his residency in OB was quite embarrassed performing female pelvic exams. To cover his embarrassment, he had unconsciously formed a habit of whistling softly. The middle aged lady upon whom he was performing this exam suddenly burst out laughing and further embarrassed him. He looked up from his work and sheepishly asked, "I'm sorry. Was I tickling you?” She replied, “No, doctor, but the song you were whistling was, 'I wish I were an Oscar Meyer Wiener.’"
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A member of the Blackburne Family of Companies
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4811 Chippendale Drive, Suite 101
Sacramento, CA 95841
P: (916) 338-3232
F: (916) 338-2328
CA DRE #829677 // NMLS #103430
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