COMMERCIAL LENDING NEWSLETTER
You are receiving this letter because you are a client of either Blackburne & Sons or C-Loans, Inc. Removal instructions are below. Today we'll talk about how a tidal wave of capital is flooding back into commercial real estate finance. And, of course, like always, we have lots of cute, clean jokes, a cool link, and a funny pic for you.
Joke Du Jour
One day, after a man had his annual physical, the doctor came out and said, "You had a great check-up. Is there anything that you'd like to talk about or ask me?" "Well," he said, "I was thinking about getting a vasectomy." "That's a big decision!" commented the doctor. "Have you talked it over with your family?" "Yeah, we took a vote," replied the patient, "and they're in favor of it 15 to 2."
Private Money Commercial Loans Nationwide From $100,000 to $2.5MM
Blackburne & Sons is looking for commercial real estate loans that are not quite clean enough for a bank. We also love loans on farmland. Here is our latest rate sheet.
Please click here to submit a hard money commercial loan or call me, Desmond Stoll, at 916-338-3232.
Bond Investors Are Ravenous for Commercial Mortgage-Backed Bonds
There are two kinds of commercial mortgage-backed bonds. The most popular kind is a standard conduit deal, known as a commercial mortgage-backed security ("CMBS"). A typical CMBS deal is a $6 million first mortgage on an attractive office building that is only 63% LTV in some primary market, like Washington, D.C. or New York City. Please click here if you need a CMBS loan.
A less-well-known kind of commercial mortgage-backed bond is an asset-backed security (ABS) that happens to be backed by less-than-perfect commercial mortgages. You can think of these less-than-perfect commercial mortgages as hard money quality or subprime quality deals. Each deal has some black hair - maybe a short term lease, maybe some vacancies, or maybe a little higher in terms of LTV than most conduits want to lend. These ABS bonds offer 2% to 2.5% higher yields than CMBS bonds. You find a number of subprime commercial lenders here.
Yield-starved bond investors love bonds backed by commercial mortgages right now - even ABS bonds. This is very, very bullish for the future of commercial real estate lending ... and ultimately commercial real estate values.
"A Justice Department memo claims that President Obama has the right to order the assassination of an American anywhere in the world. Isn’t that crazy? In a related story, Donald Trump has gone into hiding." -- Conan O'Brien
Too Busy to Broker Commercial Loans to Us? Why Not Just Refer Them Instead? We Make It Easy!
We once paid a $21,250 referral fee. Here is our referral fee program.
On a Personal Note
Our two children keep us moving constantly and recently our son learned how to unlock the garage door. Generally, we wouldn't have thought twice about this because it is a heavy spring hinge door and there is no way a 3 year old should be able to open it....so we thought. As we were preparing to go on a trip, we hear the garage door open but I noticed my wife was in the room with me and we both had a puzzled look on our faces. Sure enough, we hurry to the garage and there are our two children in the driver's seat of our car with big smiles on their faces. Apparently they were in a hurry.
"Pakistan is opening an amusement park and a zoo in the same town where the raid on Osama bin Laden took place. The zoo is pretty cool, but I’ve heard you won’t be able to see the seals until it’s too late." -- Jimmy Fallon
Don't Forget About C-Loans.com
We have a whole new crop of hungry commercial lenders on C-Loans, so if you have a commercial loan you're trying to place, it takes just four minutes to submit your deal to 750 commercial lenders. And remember, C-Loans.com is free!
Another Drone Strike Joke
"This is crazy. The justice department is saying that President Obama can order drone strikes on American citizens, that he can do that. In a related story, this is the last Obama joke I'm ever doing on this show." -- Conan O'Brien
Are You Tired of Faking It?
Maybe its time to finally learn commercial mortgage finance?
Para-Gliding With a Hawk
This is pretty cool. Two guys bring their hawks when they paraglide.
BLACKBURNE & SONS REALTY CAPITAL CORPORATION
4811 Chippendale Drive, Suite 101
Sacramento, CA 95841
Phone: (916) 338-3232
Fax: (916) 338-2328