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RESIDENTIAL LENDING NEWSLETTER

Volume 10: Issue 2 | February 8, 2021

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 why the U.S. dollar keeps falling. We also have lots of cute, clean jokes, some funny pics, and a video of 12 of the funniest Super Bowl commercials of all time.

Joke Du Jour

The teacher asked her students, “Who can tell me what the ruler of Russia was called?”

“Czar,” the class replied in unison.

“Correct. And what was his wife called?”

“Czarina,” the class replied.

“Good! And what were his children called?”

A timid voice piped up, “Czardines?”

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Mixed Emotions Joke

Q: What's the definition of mixed emotions?

A: When you see your mother-in-law backing off a cliff in your new car.

- Today's Observation -

The U.S. Dollar Keeps Falling

"The greenback has lost around 6.5% against a basket of major currencies over the course of 2020, racking up a loss against every developed market currency, and now trades around its lowest since April 2018." So wrote the Business Insider on the December 16th. Since the 16th, the dollar has fallen even further. It ended the year down a whopping 6.7%.

A falling dollar does affect your life. The years of continuously falling prices at Wal-Mart are now at an end. The Chinese have snuffed out American manufacturing, so there is less competitive pressure to keep lowering prices. I predict that you will finally notice these higher prices at Wal-Mart this year. "Gee, didn't bicycles used to be much cheaper?"

So why is the dollar falling? Due to COVID, the U.S. government has set the dangerous precedent of just creating money and giving it away. In the words of Chuck Butler, a popular commentator on currencies, "... once you give somebody something for nothing, they will expect more, and more, and more, etc. And so we are in our second of those 'mores'…"

There is another surprising reason why the dollar may be falling steadily in future, which will result in painful inflation. China will soon surpass the U.S. militarily. An ocean that is 12,300 miles wide may no longer be wide enough to protect us. Chinese missile ships, 1,000 miles off our coasts, will soon be able to accurately fly missiles into the windows of any military target or economic facility here in America. Yikes.

It's no wonder that the smart money is looking at Bitcoin and gold.

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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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Ant Joke

The teacher was giving her class of seven-year-olds a nature history lesson. "Worker ants," she told them, "can carry pieces of food five times their own weight. What do you conclude from that?" One child was ready with the answer, "They don't have a union?"

Business Purpose Rental Home Loans in Most States

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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
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

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

First Date Joke

My wife asked me, “Why don’t you treat me like you did when we were first dating!?” So I took her to dinner and a movie, and then I dropped her off at her parents’ house.

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State Joke

My body is in a disgusting, embarrassing, totally repulsive state right now. New Jersey, I'm in New Jersey.

Commercial Mortgage Rates

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.

The Blackburne List

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Video - 12 of the Funniest Super Bowl Commercials

Final Funny

A man told the ringmaster that he was interested in joining the circus as a lion tamer. The ringmaster asked if he had any experience.

The man said, "Why, yes. My father was one of the most famous lion tamers in the world, and he taught me everything he knew."

"Really?" said the ringmaster. "Did he teach you how to make a lion jump through a flaming hoop?" "Yes he did," the man replied. "And did he teach you how to have six lions form a pyramid?" "Yes he did," the man replied.

"And have you ever stuck your head in a lion's mouth?" "Just once," the man replied. The ringmaster asked, "Why only once?" The man said, "I was looking for my father."