May 26, 2021

MORTGAGE STUFF

Volume 21: Issue 3



C-Loans Client Newsletter

You are receiving this letter because you are a commercial mortgage broker client of either Blackburne & Sons or C-Loans, Inc. Removal instructions are below. Today we'll discuss the possibility of a market crash in 18 months. We also have lots of cute, clean jokes, some funny pics, and a funny video of the man known as The Dogefather.

Joke Du Jour

Q: Johnny's mother had three children. The first child was named April. The second child was named May. What was the third child's name?

A: Johnny, of course.

Free Stuff

Free Loan Placement Kit

Commercial Loan Checklist - Ten techniques that will triple your chances of closing

The Blackburne List - 200 commercial lenders by state with their direct contact info

Whitepaper - How to place a loan when banks are scared to lend

Bonus Training Video - Structured finance including topics like mezzanine loans and preferred equity

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.

Going Deaf Joke

Patient: "Doctor, I think I'm going deaf."

Doctor: "Describe the symptoms."

Patient: "Well, Homer is bald. Marge has blue hair..."

(Confused? The patient heard, "Simpsons.")

Place Your Commercial Loan With C-Loans

C-Loans.com is a true commercial mortgage portal. It allows you to create, in just four minutes, a universal mini-app. You then submit this mini-app to our 750 different commercial lenders.

C-Loans acts like a giant filter that screens out the unsuitable lenders and reduces this huge, unmanageable list of lenders down to a list of just 30 banks, credit unions, and other lenders that are perfect for your deal. You put a checkmark next to six lenders and then press, “Submit.” Within minutes, hungry lenders will be contacting you with offers. And C-Loans is free! 

If you have never checked off six lenders on a list that looks like the image below, then you have never really used C-Loans.com.

Special COVID-19 Notice:  The whole concept of C-Loans.com is that banks are fickle. They pop in and out of the commercial lending market on almost a daily basis. This is especially true during this COVID-19 crisis! We urge you to submit all of your commercial loans through C-Loans and to submit your deal to at least 24 different banks, six per use (just close out and come back in four times). Fortunately we just added several hundred new banks.

Training Stuff

Learn Commercial Real Estate Finance (9 hrs)

Topics include:

• Underwriting
• Marketing
• Fee Collection
• Many More!

$549. Order HERE.

Become a Direct Lender. Learn Loan Servicing (5 hrs)

One reason why hard money brokers make ten times more money than desk-and-phone mortgage brokers is that they approve their own deals!! 

$549. Order HERE.

Save $249 and Get

Both Courses

Just $849!

Order HERE.

- Today's Observation -

A Market Crash in 18 Months?

It has been my observation over the past 41 years that the real estate market crashes about every ten to fourteen years. It has been 13 years since the Great Recession, so we are about due.

Normally real estate crashes are the result of some malinvestments. “Mal” is Latin for bad, like in the word “malpractice.” A malinvestment is an unusually bad investment, normally implying some immensely large losses and on a massive, nationwide (or worldwide) scale.  

The over-built, vacant, and see-through office buildings around 1986 led to the Savings and Loan Crisis and a 45% decline in real estate values. The Dot-Com Bubble in 2000 was another example of malinvestments leading to a 45% real estate crash. The Subprime Mortgage Crisis in 2008 lead to the most recent 45% decline in real estate values. 

So what will be the next big malinvestment? My bet is on cryptocurrencies; but possibly not until after a huge bubble - far larger than the current one - has grown and popped. After the pop, speculators are going to realize that they don’t even own a vacant office building, a dot-com company, or even an over-valued home. They are going to realize that they only own some worthless entries in some untouchable blockchain that they can never spend.

The way new bitcoins are mined is using immense server farms solve these incredibly difficult algorithms. The problem with solving these incredibly difficult math algorithms is that it takes an immense amount of electrical power to run these computers and to cool them. There are coal-fired power plants in central and western China that are cranking out unconscionable amounts of greenhouse gasses to power these server farms. This process is called data-mining.

Sooner or later the immensely influential trend setters (social elites, daytime talkshow hosts, Instagram stars, etc.) are going figure out - as Elon Musk recently did - that data-mining is destroying the planet. The largest ice shelf in history just calved off Antarctica yesterday. These trend setters are going to start to protest against data-mining. Soon - say, in about a year - it will become socially unacceptable and politically impossible for any public company to accept Bitcoin and the likes as a form of payment… and then most all cryptocurrencies will fall toward worthlessness.

The possible winner? Silly little Dogecoin. New Dogecoins are created on a regular schedule, and the mining takes considerable less energy. To put it into perspective, the carbon footprint of Dogecoin mining is comparable to that of Zimbabwe. Where as with Bitcoin, the carbon footprint is comparable to the entire country of Singapore! So if you believe in decentralized currencies and want to invest in cryptocurrencies perhaps as a hedge against inflation and the devaluing US dollar, it might not hurt to curse Bitcoin and to own some Dogecoin.

Got a Slightly Flawed Commercial Loan? Call Blackburne & Sons

Click HERE to Apply Now!

Blackburne & Sons continues to seek first mortgages between $100,000 to $2 million on standing commercial properties nationwide. We particularly like Gentlemen’s Clubs. One unusual loan product that we offer is our blanket loan against a portfolio of rental homes. We will also hypothecate notes and buy commercial loans at a discount. We also make non-owner-occupied, business purpose, residential loans in many states. Please be sure to bookmark our commercial mortgage rate sheet right now.

Call or click on your favorite loan representative to email:

CLICK ME!

to send an email

CLICK ME!

to send an email

CLICK ME!

to send an email

Himbo Joke

So my college-aged daughter called me a “Himbo” the other day. “Himbo? What on earth is a Himbo?” I asked. She laughingly replied, “When a boy is as air-headed as a bimbo…”

Need Leads?

We've Got 'em!

1) C-Loans Lender Vault

2) CommercialMortgage.com

Referral Fees

Referring Partner Links

Refer Hard Money Deals

Free Training Courses

Are you desperate to learn commercial real estate finance, but you’re as poor as a church mouse? Get four free training courses.

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.

Commercial: NATIONWIDE

Residential:

• Alaska
• Arizona
• California
• Delaware
• Florida
• Georgia
• Hawaii
• Illinoise
• Indiana
• Louisiana
• Maryland
• Michigan
• Missouri
• New Hampshire
• New Jersey
• New York
• North Carolina
• Ohio
• Oklahoma
• Pennsylvania
• Rhode Island
• South Carolina
• Tennessee
• Texas
• Virginia
• Washington
• West Virginia
• Wisconsin

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 click on your favorite loan representative to email:

CLICK ME!

to send an email

CLICK ME!

to send an email

CLICK ME!

to send an email

Young and Fun Joke

One minute you're young and fun. The next, you're turning down the car stereo to see better.

More Training Stuff

Marketing Course

I have been marketing for commercial loans for almost 40 years. I have wasted well over $175,000 on marketing campaigns that were busts. Here is what works.

$199. Order HERE.

Underwriting

Learn 100 commercial mortgage finance terms and 15 financial ratios. Learn about debt service coverage ratios, operating expense ratios, construction loans, and more!

$199. Order HERE.

Fee Collection

You would be a flipping idiot not to pay a lousy $199 for my 90 minute video training course, Fee Collection For Commercial Mortgage Brokers. It includes my famous fee agreement.

$199. Order HERE.

How To Earn Huge Referral Fees

Please click here after viewing the video.

Fresh Baked Rolls Joke

Even though there was a blizzard raging outside, I made it the half-mile to the bakery, where I asked the owner for six rolls. "Your wife must love these rolls," he said. "How do you know these are for my wife?" I asked. "Because I don't think your mother would send you out in weather like this.” 

Need a NMLS License?

Need CE Hours?

CommercialLenders.com

You can buy for just $79.95 a large list of 2,500 commercial lenders. Once you have The Blackburne List of Commercial Real Estate Lenders nationwide, you can easily make a half-dozen phone calls and place the loan yourself. 

Video - The Dogefather

Final Funny

I had a silver dollar, but then my dog got a hold of it.

Now I have a Bit-coin.

NMLS #167100

CA DRE #1330173

4811 Chippendale Drive, Suite 101

Sacramento, CA 95841

P: (916) 338-3232

F: (916) 338-2328

NMLS #103430

CA DRE #829677