January 10, 2022

MORTGAGE STUFF

Volume 22: Issue 1



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 case for gold. We also have lots of cute, clean jokes, some funny pics, and a video of some of Betty White's best moments.

Joke Du Jour

A fellow came into a bar and ordered a martini. Before drinking it, he removed the olive and carefully put it into a glass jar. Then he ordered another martini and did the same thing. After an hour, when he was full of martinis and the jar was full of olives, he staggered out. "Well," said a customer, "I never saw anything as peculiar as that!" "What's so peculiar about it?" the bartender said. "His wife sent him out for a jar of olives.”

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.

Cello Joke

"A cellist in Oregon was arrested after police found over 100 pounds of marijuana in his car trunk. Thankfully, when they pulled him over, he didn't resort to violins.” — Seth Meyers

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 -

The Case for Gold

Two very senior strategists for Blackstone, the same brilliant folks who bought up tens of thousands of rental houses eight years ago, recently issued their list of the Ten Surprises of 2022. 

This is the 37th year that Byron Wien and Joe Zidle have given their views on a number of economic, financial market, and political surprises for the coming year. Byron and Joe define a "surprise" as an event that the average investor would only assign a one out of three chance of taking place, but which the two believe is "probable," having a better than 50% likelihood of happening. 

One his surprises is that the price of gold will rally by 20% in 2022 to a new record high. Despite strong growth in the US, investors will seek the perceived safety and inflation hedge of gold amidst rising prices and market volatility. Gold will reclaim its title as a haven for newly minted billionaires, even as cryptocurrencies continue to gain market share.

I personally think they make a good case. While gold can be a decent, if not the best, hedge against inflation, 

gold is one of the rare investments

that is not the debt of another. 

When the stock and bond market are crashing, as everyone is fleeing to cash, gold typically falls the least. Make no mistake; gold still falls during financial crashes - like the S&L Crisis, the Dot-Com Meltdown, and the Great Recession - because even the baby and his bathwater are for sale. 

Gold typically falls the least, however, because it is not the debt of another. Gold cannot default. That is a wonderful thing when household names and Fortune 500 companies are defaulting on their bonds and going bankrupt.

How will Bitcoin and other cryptocurrencies do during the next financial crisis? I suspect they will underperform, and some might even go to zero. Anonymous entries in a blockchain remind me an awful lot of “eyeballs” during Dot-Com Mania. Most (all?) big financial crises involve huge losses in some sort of malinvestment (a boneheaded investment), and cryptocurrencies would sure fit that bill. The two smart guys from Blackstone, guys who are clearly smarter than me, only suggest that cryptocurrencies will continue to win converts. We’ll see.

The markets, especially the real estate market, are due for their regular meltdown, which seems to happen every 10 to 14 years. It has now been 14 years since the Great Recession.

The property meltdown in China may be the trigger. Will the Chinese authorities be able contain the Evergrande Crisis to the peeing section of their swimming pool? I doubt it. Some little kid, lining the parade, just shouted out, "President Xi is naked,” and “the Chinese real estate market is greatly overbuilt.” Smart kid, huh? Haha.

So maybe its time to own a little gold in your portfolio.

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

Sweet Zoo Joke

This nice lady tells the story: My favorite spot at our local zoo is the House of Night, where nocturnal creatures crawl and fly about. One very bright day, I stepped into the exhibit and was plunged into total darkness. Almost immediately, a small hand grabbed mine. And who do you belong to?" I asked. His answer came swiftly, "I'm yours until the lights come on!”

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

Mime Joke

"According to a new study, women are more attracted to men who talk less. Which is why you often overhear women say, 'Check out that mime.'” — Conan O'Brien

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.

Chocolate Joke

When I look at chocolate, I hear two voices in my head. The first one says, "You need to eat the chocolate.”  The second one says, "You heard. Eat the chocolate.”

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 - Best of Betty White

Final Funny

A man walks into a bar and asks the bartender, "If I show you a really good trick, will you give me a free drink?" The bartender considers it, then agrees. The man reaches into his pocket and pulls out a tiny rat. He reaches into his other pocket and pulls out a tiny piano. The rat stretches, cracks his knuckles, and proceeds to play the blues. The bartender pours the man a drink on the house and he puts the rat and piano away. After the man finished his drink, he asked the bartender, "If I show you an even better trick, will you give me free drinks for the rest of the evening?" The bartender agrees, thinking that no trick could possibly be better than the first. The man reaches into his pockets again and pulls out the tiny rat and tiny piano. The rat stretches, cracks his knuckles, and proceeds to play the blues. The man reaches into a third pocket and pulls out a small bullfrog, who begins to sing along with the rat's music. While the man is enjoying his beverages, a stranger confronts him and offers him $100,000.00 for the bullfrog. "Sorry," the man replies, "he's not for sale." The stranger increases the offer to $250,000.00 cash up front. "No," he insists, "he's not for sale." The stranger again increases the offer, this time to $500,000.00 cash. The man finally agrees, and turns the frog over to the stranger in exchange for the money. "Are you insane?" the bartender demanded. "That frog could have been worth millions to you, and you let him go for a mere $500,000!" "Don't worry about it," the man answered. "The frog was nothing special. You see, the rat's a ventriloquist."

NMLS #167100

CA DRE #1330173

555 University Ave, Ste 150

Sacramento, CA 95825

P: (916) 338-3232

F: (916) 338-2328

NMLS #103430

CA DRE #829677