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BANKER LETTER
Volume 8: Issue 11
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Date: September 16, 2020
You are receiving this letter because you are one of my Spartans - my top-producing brokers and investor clients - of whom I am allowed to have 300. Removal instructions are below. Today we’ll discussed the increased likelihood of inflation and new apartment rent control initiatives. As always, we have lots of cute, clean jokes, funny pictures, and a video of the happiest dog on earth.
Hey guys, if we make you chuckle today, won't you please-please-please refer a turndown this week to CommercialMortgage.com? Seriously, guys, this searchable portal is free, and it contains thousands of commercial lenders. You really are doing them a favor.
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Joke Du Jour
When my son graduated from high school, he had to give a speech. He began by reading from his prepared text. "I want to talk about my mother and the wonderful influence she has had on my life," he told the audience. "She is a shining example of parenthood, and I love her more than words could ever do justice.” At this point he seemed to struggle for words. After a pause, he looked up with a sly grin and said, "Sorry, but it's really hard to read my mother's handwriting.”
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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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Doctor Call Joke
I said to my wife, "I need to call the doctor today.” "Which doctor?" she asked. "No, the regular kind.”
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- Today's Observation -
Inflation is Coming And So is Rent Control
It started with Andrew Yang, the Presidential contender who wanted to provide every American adult with a basic income of $1,000 per month. Free money. Then President Trump pushed through a massive corporate and middle class tax cut that blew the Federal budget to Hades.
Next the coronavirus hit. Congress and the President got together and granted U.S. businesses $659 billion in PPP “loans”. These loans were undoubtedly necessary, but they were still a huge injection of new money into the system. The unemployed (admittedly not their fault) got $600 per week in unemployment benefits. Now Congress and the President are developing a new plan to replace the $600 per week unemployment benefits with an even more generous program. What politician could afford to vote against it? This new relief program will mean that the Fed will have to print even more money.
Folks, The Great Debasement has started. Be sure to read my blog article on The Great Debasement. The Fed has printed $11 trillion in the past three years, most of it in the past year. Bank of America, in a letter to its shareholders, was the first to point out the similarities to The Great Debasement in England in the 16th Century.
Gold is going nuts. It may blow past $2,000 per ounce this week, as politicians from both side of the aisle rush to be the more drunken sailor. Free money for everyone! The Roman Republic was doomed the moment Julius Caesar marched his army over the Rubicon (River). In truth, the Rubicon is hardly more than a stream.
Arguably, the American Republic was doomed by the coronavirus. To combat a financial disaster, we had the Fed create a massive amount of new money, which the government passed out liberally. In theory, the economy could recover, and we could return to fiscal discipline. Uh, huh. Sure. Hey, pass me that doobie. Peace, love, and bellbottoms, brother.
At a minimum, inflation will come roaring back. Rents will climb, and you can bet that rent control will start appearing in many more jurisdictions.
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Free Commercial Loan Leads
C-Loans.com, is our original portal. C-Loans.com has been phenomenally successful, boasting over 1,000 commercial loan closings totaling over $1 billion. We will list banks on C-Loans.com for free, and they will receive free leads by email, as well as calls and emails directly from borrowers.
If the bank closes a commercial loan, however, the bank owes to C-Loans.com a software licensing fee of between 25 to 50 bps (usually 37.5 bps.) In real life, all of our banks simply bump their normal loan fee from 1.0 points to 1.375 points, so C-Loans.com effectively costs the bank nothing. Please click here to get listed on C-Loans for free. (You must be a bona fide direct commercial lender servicing at least $20 million in commercial loans.)
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ICU Joke
The female skier Picabo Street (pronounced Peek-A-Boo) has been in the news recently. The famous Olympic skier Picabo Street is not just an athlete, she is a nurse. She currently works at the Intensive Care Unit of a large metropolitan hospital. She is not permitted to answer the telephone, however, as it caused simply too much confusion when she would answer the phone and say, "Picabo, ICU…"
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How C-Loans Actually Works
Think of C-Loans.com as a giant filter. We start with 750 participating commercial lenders. Every time you enter more information into the application - loan amount, property type, loan type, state, credit - dozens of lenders are filtered out. Upon completion, you are left with a list of 20 to 30 perfect lenders. You put a check mark next to six lenders at a time and press submit. Soon you are receiving quotes and offers. No good offers? Come back and submit to six more lenders, then six more, and so on. And C-Loans.com is free!
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Santa Anna Story
In 1842, Mexican General Antonio López de Santa Anna, the guy who led the attack on the Alamo, had a military burial for his leg. No, that is not a typo. He held a military funeral service filled with cannon fire, speeches, poems, and prayers, in honor of his dearly departed right leg. Four years earlier in 1838, Santa Anna lost his leg during battle with the French. Cannon fire hit his leg and as a result, doctors had to amputate the leg.
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Lake Superior Factoid
You could combine the water of the remaining four great lakes, and Lake Superior is still bigger. Superior is approximately 1,330 feet deep, 350 miles long, and 160 miles wide. It contains enough water to cover the land of both South and North America.
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Won't You Please-Please-Please Refer Us Your Commercial Mortgage Turndowns?
If you have to turn down a commercial loan this week, you would really be helping your customer if you referred him to CommercialMortgage.com. The domain name is easy to remember.
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Archaeologist Joke
Two women archaeologists are down in Mexico excavating an ancient Mayan burial ground looking for some remains to take back to their museum. Unfortunately, everything they run across is badly decomposed. One of the two says, "We don't seem to be having much luck.” The other replies, "Keep on digging, honey. A good Mayan is hard to find!”
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Heart Attack Joke
Two years after my heart attack, I was teaching my college course when I felt discomfort in my chest. I paused the class to pop my medication and felt better quickly. “Now, if I ever do have a heart attack,” I told my students, “I will give extra credit to whoever gives me CPR.” One of them shouted out, ”How much?”
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Become a Hard Money Lender
One reason why hard money brokers make ten times more money than desk-and-a-phone mortgage brokers is that they approve their own deals!! Four-hour video course, How To Find Your Own Private Mortgage Investors. Just $549.
Now available online!
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Would You Mind a $21,250 Referral Fee?
We once paid a $21,250 referral fee to a website owner named Alan Dunn for referring us a $17 million deal. Please click here for details.
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Wrong Hotel Joke
His wife returned from the morning shopping expedition and called her husband into the kitchen. "Frederick," she said heavily, "When you came home last night you told me you had been to the Grand Hotel with Mr. Wilson. I just met Mrs. Wilson, and she said you were both at the Trocadero. Why did you lie to me like that.” Her husband groaned and massaged his head. "When I came home last night I couldn't say 'Trocadero.’"
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Airfare Joke
I couldn't decide whether to go to Salt Lake City or Denver for vacation, so I called the airlines to get prices. “The airfare to Denver is $300," said a cheery salesperson. "And what about Salt Lake City?” I asked. "We have a really great rate to Salt Lake - $99.00, but there is a stopover." "Where?" I asked. "Denver."
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Visions Joke
A man went to the doctor and said: “Doctor, I keep having visions of the future.” “When did these start?” “Next Thursday.”
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Video - The Worlds Happiest Dog
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FREE Commercial Loan Brokerage Training
From an Industry Veteran and Attorney
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Final Funny
Several years ago, when I lived in New York and flew to customer sites often, my wife would usually drop me off at Newark (N.J.) airport and pick me up when I returned. On one trip, I was only going to be gone for a few days, so I drove myself, and parked the car at Newark.
When I returned, the weather was lousy, and it was late at night. I wanted nothing more than to get home to the comfort of my wife and my own bed. When I arrived, the storm was very loud, with crashing thunder and severe lightning. As I came into my bedroom about 2 a.m., I found my two children, Alex (3) and Cindy (12), in bed with my wife, Carolyn, apparently scared by the loud storm.
I resigned myself to sleeping in the guest bedroom that night. The next day, I talked to the children, and explained that it was okay to sleep with Mom when the storm was bad, but when I was expected home, please don't sleep with Mom that night. They said okay.
After my next trip several weeks later, Carolyn and the children picked me up in the terminal at the appointed time. Since the plane was late, everyone had come into the terminal to wait for my plane's arrival, along with hundreds of other folks waiting for their arriving passengers. As I entered the waiting area, Alex saw me, and came running shouting "Hi, Dad! I've got some good news!" As I waved back, I said loudly, "Hi, Alex! And what is the good news?" "The good news is that nobody slept with Mommy while you were away this time!" Alex shouted.
The airport became very quiet, as everyone in the waiting area looked at Alex, then turned to me, and then searched the rest of the area to see if they could figure out exactly who his Mom was.
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www.C-Loans.com
4811 Chippendale Drive
Suite 101
Sacramento, CA 95841
P: (574) 210-6686
F: (916) 338-2328
CA DRE #1330173
NMLS #167100
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Tom Blackburne
General Manager
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