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RESIDENTIAL LENDING NEWSLETTER
Volume 10: Issue 4 | March 23, 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 remind you of the warning signal that is gold. We also have lots of cute, clean jokes, some funny pics, and a video of stupidity at its finest.
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Joke Du Jour
African Times: A Nigerian prince was found dead in his apartment yesterday with $45 million in cash. He spent the last 10 years of his life trying to share it, but no one replied to his emails.
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Cloning Joke
My wife told me she didn't understand the science behind cloning. I replied, "That makes two of us."
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- Today's Observation -
Always Keep an Eye on the Price of Gold
On Tuesday the price of gold suddenly leaped up by a whopping $32 per ounce. By Wednesday, the price of gold had fallen off by $2 per ounce, and the world remained round. Chicken Little curled up and went back to sleep.
You should always keep an eye on the price of gold. It's like the proverbial canary in the coal mine. It can be a very important warning sign of danger.
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Sooner or later (probably later), this bull market in stocks will end, probably after a speculative blow-off. The stock market will crater, as it does every ten to fourteen years, and thousands of companies will go bankrupt.
Important Warning:
When the stock market crashes, everything is for sale. In their rush to get liquid, investors will sometimes dump their gold first because it will have fallen the least. Gold will NOT protect you in the opening months of a stock market crash.
But as the bonds of companies with household names become worthless, gold will be one of the first asset classes to recover. Remember, gold cannot default. It is not the debt of another. This is why gold shines during periods of deflation.
Okay, so gold jumped $32 per ounce in a single day. Should you be concerned? Probably not. Gold has been falling relentlessly for the past several months, and that is a sign that the "smart money" has little fear of corporate bond defaults. Falling gold prices are very reassuring.
But I urge you to always keep an eye on gold prices.
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Why You Must Follow
C-Loans on Facebook
You are missing important free training like 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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FREE 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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Living Forever Joke
I met a Magical Fairy yesterday, who said she would grant me one wish. "I wish to live forever," I said. "Sorry," said the Fairy, "That is the only wish that I'm not allowed to grant." "Fine," I said, "then I want to die the day after Congress is filled with honest hard-working, bipartisan men and women who act only in the people's best interests!" "You crafty bastard," replied the Fairy.
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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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Incapacitated Joke
I was recovering from surgery, when a charity representative phoned asking me to take part in a door-to-door fund-raising effort. "Sorry," I replied, "but I've been incapacitated." Undaunted, the caller kept trying to convince me to change my mind and volunteer. I interrupted and said, "I'm incapacitated. Do you know what that means?" She hesitated. "It means your head was cut off?"
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Housework Joke
"Housework can't kill you, but why take a chance?" -- Phyllis Diller
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Final Funny
I was walking down an alley last night, when I heard, "Help! Help!" coming from behind a dumpster. Two thugs were trying to steal an old lady's handbag, but she was putting up a hell of a fight and wouldn't let go. I wondered if I should get involved or keep walking and pretend I didn't see anything. I finally decided that I should help. It didn't take the three of us very long to get her handbag.
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A member of the Blackburne Family of Companies
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555 University Avenue, Suite 150
Sacramento, CA 95825
P: (916) 338-3232
F: (916) 338-2328
CA DRE #829677 // NMLS #103430
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