August 26, 2021

MORTGAGE STUFF

Volume 21: Issue 4



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 when you can buy prime real estate. We also have lots of cute, clean jokes, some funny pics, and a video of some very lucky people.

Joke Du Jour

“Your underwear is much too tight and very revealing,” I said to my wife. “Then wear your own!” she snapped.

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.

Dress Joke

A customer walks into a dress shop and ask, "May I try on that dress in the window?” The salesperson replies, "We prefer you use the dressing rooms.”

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 Observations -

When Can You Buy Prime Real Estate?

The seeds of the next bad recession may have already been sown, and I am starting to see new sprouts. Bitcoin is starting to rally again. The next crash, when it comes, may be known as the Bitcoin Bubble or Bitcoin Mania. Real estate will likely crash by exactly 45%, for the fifth time in my lifetime.

Before Bitcoin can crash spectacularly, however, it first has to skyrocket by 400% or more. Bubbles like this take time to grow. In the meantime, little else is happening in the world, other than COVID. As I wrote last month, when nothing is going on in the world, you can bet that capitalistic company owners are working hard to make their companies and the world more efficient and profitable. When they are not terrified, it is the default mode of business owners to work like busy beavers.

There will be huge opportunities when real estate next crashes again by 45%. Forty-five percent seems to be a magic number, the amount that real estate seems to crater each time. Not only will savvy investors be able to pick up real estate at deep discounts, but they will be able to buy the type of prime real estate that almost never comes on the market. This is my point today.

Think of the nicest pieces of real estate in your town. Have you ever seen a For Sale sign on that gorgeous retail building on the richest street in your town? I didn’t think so. The investors who own the best pieces of real estate in your town represent old money.  Not only are they rich, but these families have often been rich for generations. These comfortable folks seldom get into financial trouble, so they seldom have to sell off their trophy properties. 

But if an old money family ever does get into trouble, it will almost always be during a crash. You may still have to pay close to top dollar for that prime retail space, but at least you can buy it. Then your own family can own that prime property and pass it down for generations.

Crashes are not just chances to buy average real estate cheaply. Crashes are chances to actually buy prime real estate.

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

Please Joke

While on maternity leave, a woman from our office brought in her new bundle of joy. She also had her seven-year-old son with her. Everyone gathered around the baby, and the little boy asked, "Mommy, can I have some money to buy a soda?” "What do you say?" she asked. Respectfully, the boy replied, "You're thin and beautiful.” The woman reached in her purse and gave her son the money.

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

For Our Cat Lovers Out There

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

Music Joke

I was in a taxi the other day and the driver said, "Do you mind if I put some music on?” I said, "Not at all.” He said, "Kiss?” I said, "Let's listen to the music first, then see how we feel.”

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.

Lottery Joke

At breakfast the husband says to his wife "What would you do if I won the Lottery?” She replied flippantly, "I'd take my half and leave you.” "Great," he says. "Here's $6. I won $12 yesterday! Stay in touch.”

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 - Some of the Luckiest People

Final Funny

The lovestruck young man had been in the hospital for some time, and he had been extremely well looked after by the pretty young nurse. "Nurse," said the patient, one morning. "I'm in love with you. I don't want to get well.” "Don't worry," replied the nurse cheerfully, "you won't. The doctor's in love with me too, and he saw you kissing me this morning.”

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