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RESIDENTIAL LENDING NEWSLETTER
Volume 10: Issue 5 | April 27, 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 revisit Biden's $1.9 trillion stimulus plan. As always, we have lots of cute, clean jokes, funny pictures, and an informative video on how blockchain technology works.
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Joke Du Jour
Five-year-old Becky answered the door when the census taker came by. She told the census taker that her daddy was a doctor and wasn't home because he was performing an appendectomy. "My," said the census taker, "that sure is a big word for such a little girl. Do you know what it means?" "Sure! Fifteen hundred bucks, and that doesn't even include the anesthesiologist!"
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True Love Joke
Boyfriend: Honey, on this Valentine's Day, I want to tell you something... I'm not rich, like Robert. I don't have a mansion, like Gary. I don't have a Porsche, like Martin. But I do love you, and I want to marry you.
Girlfriend: Oh dear, I love you too! Now, what was that you said about Martin?
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- Today's Observation -
Fourth Generation - Peasant
There is an old Chinese saying:
First Generation - Peasant
Second Generation - Buys land
Third Generation - Mortgages land
Fourth Generation - Peasant
The cycle starts with a family of peasants working in the fields. In the second generation, a hard-working mom and dad make painful sacrifices and save money, They buy land - say, a family farm. They pay off the property over a lifetime of hard work, which provides the family with an income in their retirement. Their children, raised in comfort, tend not to be as hard-working as their parents. Too often they become spendthrifts (irresponsible with money). To pay their debts, they eventually have to mortgage the land. Unable to pay their mortgage, they eventually lose the land in foreclosure. Their children grow up as poor peasants.
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On the other hand, the good credit of the United States is like keeping a credit card free of any outstanding balance. This available credit can be used in an emergency. Certainly the pandemic qualifies as a bona fide crisis. It makes no sense to keep reserves for a rainy day and then fail to use this rainy day fund when it is pouring outside. Therefore, I don't hate Biden's pandemic relief plan, just its size. I worry.
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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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Car Joke
Q: What do you call a man with a car on his head?
A: Jack.
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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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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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Office Intern Joke
Several years ago there was an office intern who was none too swift. One day he was typing and turned to a secretary and said, "I'm almost out of typing paper. What do I do?"
"Just use the copier machine paper," she told him.
With that, the intern took his last remaining blank piece of typing paper, put it on the photocopier and proceeded to make five blank copies.
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Video - Blockchain Technology Explained
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Final Funny
A man went to his dentist because he feels something wrong in his mouth. The dentist examines him and says, "That new upper plate I put in for you six months ago is eroding. What have you been eating?"
The man replies, "all I can think of is that about four months ago my wife made some asparagus and put some stuff on it that was delicious...Hollandaise sauce. I loved it so much I now put it on everything -- meat, toast, fish, vegetables.
"Well," says the dentist, "that's probably the problem. Hollandaise sauce is made with lots of lemon juice, which is highly corrosive. It's eaten away your upper plate. I'll make you a new plate, and this time use chrome."
"Why chrome?" asks the patient.
To which the dentist replies, "It's simple. Everyone knows that there's no plate like chrome for the Hollandaise!"
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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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