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RESIDENTIAL LENDING NEWSLETTER
Volume 9: Issue 11 | December 11, 2020
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 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.
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Joke Du Jour
Me: Please bring me a screwdriver.
Wife: Flathead, Phillips, or Vodka?
And thats when I knew shew was the one!
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Why You Must Follow C-Loans on Facebook
You are missing important free training. It takes old man Blackburne four to five hours to write one of our popular blog training articles, but he can knock a short training article about commercial mortgage brokerage or commercial real estate finance (CREF) in minutes. In the past two weeks, he has written mini-articles on why banks hate blanket commercial loans, asset-backed securities, family offices, co-living properties, tuck-under parking, the net-worth-to-loan-size ratio, and an unknown, Federal government, mid-market PPP-like loan that can inject $5 million to $300 million into large businesses struggling to survive the coronavirus crisis.
To view these mini-lessons, come to the Facebook page for C-Loans. Look for a tab with three dots, “…”. The first drop-down selection is, “Follow.” Once you follow our Facebook page you will receive one or two free mini-lessons every week.
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Karl Marx Joke
Everyone has heard of the historical figure, Karl Marx… But no one remembers his sister, Onya, who invented the starter’s pistol.
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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
- Colorado
- Delaware
- Florida
- Georgia
- Hawaii
- Illinois
- 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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Unfortunately these states are out:
- Idaho
- Minnesota
- Nevada
- North Dakota
- Oregon
- South Dakota
- Utah
- Vermont
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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Kay Jewelers Joke
I disagree with Kay Jewelers. I would bet on any given Friday or Saturday night more kisses begin with Miller Light than Kay.
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- Today's Observation -
Should We Start Building Bomb Shelters
World War I started in 1914, but as early as 1910, it had become clear that Germany and Britain would soon be going to war. Each had embarked on a crash program to build dreadnoughts. Dreadnoughts were massive battle ships that could throw shells for miles. The entire class of ships was named after the H.H.S. Dreadnought, Britain’s first battleship.
China and the United States are on a similar path, and China is constructing warships at a much faster pace. Already China has 350 modern warships, compared to just 293 for the United States. China is hard at work building its third aircraft carrier. Their cruisers are already tougher than our ancient ones. They are building new warships at a pace three times faster than the United States.
People still think of China as a communist country, but since President Xi appointed himself President for life, China has really become a dictatorship. If their economy ever starts to slow down, and their people start to get restless, President Xi, the leader of 1.35 billion people, could order the invasion of Taiwan. This would rally the people behind him. The outcome of the war will likely be determined by the accuracy of their missiles. Folks, modern missiles are so accurate that they are hitting targets dead-on from over 1,000+ miles away.
At the Battle of Midway, during World War II, the U.S. sank four of Japan’s aircraft carriers. After that, the outcome of the war in the Pacific was in little doubt. Could the U.S. lose three or four aircraft carriers in the coming Battle of the Taiwan Straights? Yes. Easily. Would the U.S. then back off and let the Chinese take Taiwan, Guam, and Okinawa? I don’t think we could. The war against China needs to be fought in the “second island chain” in the South China China, rather than off the coast of California.
We are mustering allies, as President Xi keeps angering and scaring the whole world. Heaven knows why Xi picked a fight with the Indians over some frozen rocks on their mutual border; but the result has been the addition of Australia to the Quad “Alliance" of India, Japan, and the U.S. Recently, even the pacifist governments of France and Germany have started pushing back on the Chinese. They have sent subs and destroyers to the Indian Ocean.
Who will win the coming war? China. The Chinese will strike first and without warning. They will knock out much of our fleet and all of our airfields on Guam, before the centipede even finishes getting his ankles taped (old joke about the football game between the big animals and the small ones). Then China would likely start island-hopping on its way to California. When their missiles bases and missile ships get close enough, imagine powerful conventional missiles flying through the windows of Google, Microsoft, Intel, Lockheed-Martin, General Dynamics, Northrop Grumman, Raytheon, and Boeing.
What can we do? We need new ship-building facilities on the East Coast, new oil processing plants scattered all across our coasts, and dozens of underground missile manufacturing plants scattered throughout the Heartland. What can you do? A nice home in the Boonies would be smart. Must you simply live in California? How about a wine cellar / bomb shelter in your newly-constructed partial-basement? Remember, these missiles will be both highly-accurate and conventionally-tipped. The whole city is not going to be flattened - just the power plants, the dams, the reservoirs, the water treatment plants, the freeway overpasses, the railway stations, and the major food distribution warehouses. As the Church Lady used to say on Saturday Night Live, “Isn’t that special?”
The moment Elon Musk takes The Boring Company public, I intend to buy some shares. It’s not hard to imagine a missile war that could drag on for a decade, forcing a lot of American companies to move their manufacturing facilities underground.
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Possum Joke
Tonight I’m gonna have possum soup made from Himalayan possum… Because I found Himalayan on the road.
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Fifteen-Year Fix-and-Flip Loans for Residential Properties
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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Putin Joke
"Vladimir Putin was nominated but did not win the Nobel Peace Prize. Earlier today, he asked, 'Who do I have to kill to win a Nobel Peace Prize?'” — Dave Letterman (It’s obviously a very old joke, but Putin really was nominated again for the Nobel Peace Prize again this year.)
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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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Video - Amazing Encounter (with funny commentary)
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Final Funny
Playing golf with his buddies, my grandfather had to make a slick 25-foot putt. As he lined it up, he announced, "I have a dollar bill that says I can make this putt. Does anyone want to bet?" His three friends eagerly agreed to the wager. My grandfather missed the putt by ten feet, and his friends gathered around to collect their money. Granddad pulled out a dollar bill on which he had written, "I can make this putt."
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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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