Volume 4: Issue 6 | Date: June 6, 2020
|
|
|
|
PRIVATE CLIENT NEWSLETTER
|
|
|
|
|
You are receiving this letter because you are either a high-net-worth client of Blackburne & Sons Realty Capital Corporation (since 1980) or you once applied for a commercial real estate loan of $1 million or more using C-Loans.com or CommercialMortgage.com. Blackburne & Sons and C-Loans, Inc. are sister companies.
Today we’ll discuss whether we might all be in a declining industry, much like the buggy whip business became obsolete with the arrival of the automobile. We also have lots of cute, clean jokes, some funny pics, and an amazing little video of a bobcat jumping.
|
|
|
|
|
|
|
Joke Du Jour
During their vacation and while they were visiting Jerusalam, George's mother-in-law died. With death certificates in hand, George went to the American Consulate Office to make arrangements to send the body back to the states for proper burial.
The Consul, after hearing of the death of the mother-in-law, told George that the sending of a body back to the states for burial is very, very expensive. It could cost as much as $5,000. The Consul continues, in most cases the person responsible for the remains normally decides to bury the body here. This would only cost $150.
George thinks for some time and answers, "I don't care how much it will cost to send the body back; that's what I want to do." The Consul, after hearing this, says, "You must have loved your mother-in-law very much, considering the difference in price." "No, it's not that," says George. "You see, I know of a case from many years ago of a person that was buried here in Jerusalem. On the third day, he rose from the dead! I just can't take that chance.”
|
|
|
|
|
|
|
You Are Now a Private Client of Blackburne & Sons
Please be sure to tell us when you call. "George asked me to mention that I am a Private Client of the firm.” My loan officers are trained to snap to attention. Our commercial mortgage office number is 916-338-3232.
Alternatively, you can apply for a business-purpose loan secured by a commercial or non-owner occupied property.
|
|
|
|
|
|
|
Marijuana Joke
A new study found that marijuana use among people over 65 has gone up 250 percent in recent years. One woman said, "I like to smoke up before watching, 'Jeopardy!' I call it my daily doobie.” — Jimmy Fallon
|
|
|
|
|
|
|
Earn Up to 12% Interest in Your IRA or Kid’s College Fund
It is important that you please grasp the concept that you could be borrowing from Blackburne & Sons against some rental or commercial property at the very same time that you are using your IRA to invest $30,000 in one of our first trust deed investments. Many of our biggest trust deed investors first came to us twenty years ago as commercial property borrowers.
|
|
|
|
|
|
|
You probably have money set aside for your retirement and for the cost of college for your children and grandchildren. It shouldn't all be invested in the stock market. In California, the first trust deed investment business is huge. A recent law change - the JOBS Act - now allows accredited investors nationwide to also invest in these same first trust deeds and first mortgages.
|
|
|
|
|
|
|
In School Joke
A friend of mine has three boys, the youngest of whom, Gregory, had just started school. A teacher commented to Gregory that she couldn't believe he was already in first grade and asked what his mother did all day now that the three boys were in school. "Cartwheels," Gregory answered.
|
|
|
|
|
|
|
Want to Speak With a Blackburne & Sons Loan Rep?
Blackburne & Sons, our private money commercial lending company, continues to seek slightly-flawed first mortgages between $100,000 to $1.5 million on standing commercial properties nationwide.
To apply for a private money commercial loan from Blackburne & Sons, please click on your favorite loan officer below to send them an email:
|
|
|
|
|
|
|
Dummy Joke
Did you know that 97% of the world is dumb? Luckily, I’m in the other 5%!
|
|
|
|
|
|
|
- Today's Observation -
Is Commercial Real Estate Obsolete?
My wife and I love getting delicious and exotic meals delivered to our door from various nearby restaurants. How soon before before a bunch of smart restauranteurs set up kitchens in cheap industrial parks and rely 100% on DoorDash and GrubHub?
For the past four months, the workers at Blackburne & Sons have been working from home, with perhaps one different worker per day working out of the office. Zoom, scanning, PDF’s, email, and Dropbox work quite well, and my employees have no commute. Yeah, baby! :-) We’ve worked out of the same 1,600 sf office for 25 years now, so even if we someday needed to expand, we’ll simply hire virtual workers. We’ll never rent more office space.
For at least fifty years, many small-time bookkeepers, real estate brokers, and property managers have worked from a little office in their homes. How soon before larger firms maintain just a token office and only meet with their clients using Zoom? Do we need so much office space?
We have already seen Amazon’s business grow by 30% during this crisis. People like having their staple goods delivered to their door. The future of retail simply must lie in providing experiences, not just rows of goods on shelves; but even if stores become cool places to hang out and view new things, the overall demand for retail space simply must fall.
Gesch, if I were a commercial architect, I might be tempted to jump off a bridge. Not only are 99% of all banks out of the commercial construction lending market, but the demand for new commercial space will almost certainly plunge by 50%. Sixty percent? More?
This three-month COVID quarantine has changed our world. Multifamily and residential projects will still be hot. If you are in the loan business, I urge you to focus your attention there. I have fantasies of large, master-planned, live-work subdivisions in Indiana, where water is plentiful (the vegetation here is so lush and green) and land is cheap. Every house would have an attached home-office, with a separate entry, and three visitor parking spaces.
|
|
|
|
|
|
|
Squirrel Fire Joke
"A couple in Michigan is being sued for $2 million after they burned down their apartment complex while trying to cook a squirrel with a blowtorch. I'm not an accountant, but it SOUNDS like they might not have $2 million.” — Seth Meyers
|
|
|
|
|
|
|
Need a Commercial Real Estate Loan?
C-Loans.com is a commercial mortgage portal. It will take you just four minutes to complete your mini-app.
Then C-Loans will sort through its databank of 750 commercial lenders and produce for you a custom-generated Suggested Lender List containing twenty to thirty lenders who are perfect for your particular deal.
You put a check mark next to six lenders and then press, "Submit." Within minutes hungry commercial lenders will be contacting you with offers.
|
|
|
|
|
|
|
|
|
|
Space X Joke
Q: What do you call a peanut in a spacesuit?
A: An astronut!
|
|
|
|
|
Why You Want to Stay Close to Blackburne & Sons
Founded in 1980, Blackburne & Sons is an old-time syndicator. There are very few of us left. The Tax Reform Act of 1986 pretty much nuked the whole syndication industry off the face of the Earth. Because you know a syndicator, you now have access to some special money.
If you need a fix and flip loan, a buy-to-rent loan, a bridge loan, or even a permanent loan on, say, on your single-wide trailer park in Georgia, we'll make you a private money loan. We've been syndicating hard money loans for 40 years.
If you have some dough set aside for your kid's college, and you want to be extra careful with it, we'll put you into a first trust deed investment (8% to 12% yields) on, say, a nice 8-unit apartment building in San Jose, California.
Let's suppose you are richer than Crassus, and you want to speculate in 11% and 12% first trust deeds. We've got them.
Please be very wise and play close attention to the following:
Because every loan we make is a new syndicate (as opposed to a fund investment), Blackburne & Sons is always in the market.
When the stock market has fallen by 40%, when real estate values are falling like a knife, and when your own bank is too terrified to lend you a dime, Blackburne & Sons always has a group of savvy investors willing to lend - admittedly at a price - when blood is running in the streets. We are one of a tiny handful of lenders who remained in the market, making loans, every single day of the Great Recession.
So stick close to us. Syndicators are pretty rare, and now you know one.
|
|
|
|
|
|
Medicine Joke
Laughter is the best medicine, but in certain situations, the Heimlich maneuver may be more appropriate.
|
|
|
|
|
|
|
|
Quickly Find 30 Commercial Lenders For Your Deal
|
|
|
|
|
|
|
Vampire Joke
Q: What do you call a fat vampire slayer?
A: Puffy!
|
|
|
|
|
|
|
Apply to Blackburne & Sons For a (Very Soft) Hard Money Loan
Here is a scenario that might tickle you. You could have $100,000 from your self-directed IRA spread out among four or five first trust deeds from Blackburne & Sons, and at the very same time you could be borrowing $250,000 from Blackburne & Sons on an apartment building that you are fixing up in Boston. Not every hard money lender is the same. Our loans have a 30-year amortization (almost interest-only), a 15-year term, and no prepayment penalty. You never want to have a hard money loan ballooning during a recession.
|
|
|
|
|
|
|
Wrong Student Joke
While visiting a country school, the Chairman of the Board of Education became provoked at the noise the unruly students were making in the next room. Angrily, he opened the door and grabbed one of the taller boys, who seemed to be doing most of the talking. He dragged the boy to the next room and stood him in the corner. A few minutes later, a small boy stuck his head in the room and pleaded, "Please, sir, may we have our teacher back?”
|
|
|
|
|
|
|
|
Video - This Bobcat Can Really Jump
|
|
|
|
|
|
|
Final Funny
A Sunday School teacher of preschoolers was concerned that his students might be a little confused about Jesus Christ because of the Christmas season emphasis on His birth. He wanted to make sure they understood that the birth of Jesus occurred a long time ago, that He grew up, etc. So he asked his class, "Where is Jesus today?” Steven raised his hand and said, "He's in heaven." Mary was called on and answered, "He's in my heart." Little Johnny, waving his hand furiously, blurted out, "I know! I know! He's in our bathroom!!!”
The whole class got very quiet, looked at the teacher, and waited for a response. The teacher was completely at a loss for a few very long seconds. He finally gathered his wits and asked Little Johnny how he knew this. And Little Johnny said, "Well...every morning, my father gets up, bangs on the bathroom door, and yells 'Jesus Christ, are you still in there?'!"
|
|
|
|
|
|
|
|
|
|
ANGELA VANNUCCI
President
CA DRE #1425852 / NMLS #389465
BLACKBURNE & SONS
Realty Capital Corporation
CA DRE #00829677 / NMLS #103430
4811 Chippendale Drive, Suite 101
Sacramento, CA 95841
P: (916) 338-3232
F: (916) 338-2328
|
|
|
|
|
|
|
A member of the Blackburne Family of Companies
|
|
|
|
|
|
