COMMERCIAL LENDING NEWSLETTER
You are receiving this letter because you are one of my Spartans - my top-producing brokers and investor clients - of whom I am allowed to have 300. Removal instructions are below. Today we’ll explain the concept of effective rents. We also have lots of cute, clean jokes, some funny pics, and a hilarious video of a little Jack Russell Terrier.
Joke Du Jour
While riding my Harley, I swerved to avoid hitting a deer. I lost control and landed in a ditch, severely banging my head. Dazed and confused, I crawled out of the ditch to the edge of the road, when a shiny new convertible pulled up. The driver was a very beautiful woman, and she asked, "Are you okay?” As I looked up, I noticed she was wearing a low cut blouse with cleavage to die for…
"I'm okay, I think," I replied, as I pulled myself up to the side of the car to get a closer look. She said, “Get in, and I’ll take you home so I can clean and bandage that nasty scrape on your head.” "That's nice of you," I answered, "but I don't think my wife will like me doing that!” "Oh, come now, I’m a nurse," she insisted. "I need to see if you have any more scrapes and then treat them properly.” Well, she was really pretty and very persuasive. Being sort of shaken and weak, I agreed, but repeated, "I'm sure my wife won't like this.”
We arrived at her place, which was just few miles away, and after a couple of cold beers and the bandaging, I thanked her, saying "I feel a lot better, but I know my wife is going to be really upset so I'd better go now.” "Don't be silly!" she said with a smile, while unbuttoning her blouse, exposing the most beautiful set of boobs I’ve ever seen. "Stay for a while. She won't know anything. By the way, where is she?” "Still in the ditch with my Harley, I guess.”
The Police Would Beat the Tar Out of You - and Chuckle Later
Free Whitepaper, "How To Find Houses To Flip"
Free step-by-step guide.
First Words Joke
My son crawled for the first time while I was away on exercises. I also missed Harry's first steps and was afraid an upcoming course would cause me to miss his first words. Each day, I called home and asked if he had spoken yet. The answer was always, “No," until my wife said Harry had something to say to me. "Daddy, daddy," I heard over the phone, and glowed with pride. My wife came back on the line and said, "You should come home as soon as possible.” "Why?" I asked. "Harry was speaking to the dog.”
Hot-To-Trot To Make Fix and Flip Loans
Blackburne & Sons is making a huge push into fix and flip lending. Of course we will still make our private money permanent loans on commercial properties nationwide; but we are now also making fix and flip loans across the country.
Please click here to submit a fix and flip loan or a hard money commercial loan or call me, Tom Blackburne, at (574) 210-6686.
Bathing Joke
“People often say that motivation doesn't last. Well, neither does bathing - that's why we recommend it daily.” — Zig Ziglar
Today's Lesson: How To Compute Effective Rent
One of my loan officers was working on an unusual commercial loan this month. The tenant had a very seasonal cash flow. The lease called for several months with no rent payments at all every year, several months each year with double rent payments, and one month each year with triple rent payments. How should a lender handle such a situation?
The answer is to compute the effective rent of the building over the term of the lease. Simply add up the total rent due over the term of the five-year lease and then divide by sixty months to arrive at the effective monthly rent.
C’mon, We Only Live Once. Have Some Fun With It.
Still Making Private Money Commercial Permanent Loans Nationwide From $100,000 to $3.5MM
Do you need a commercial lender who will actually lend up to 75% LTV? Blackburne & Sons has decided to compete against banks by offering a higher LTV.
Do you need a lender who will also look at the borrower's global income - income from salaries, other investments, etc.? Do you need a lender who will allow the seller to carry back a second mortgage? Does your client have a balloon payment coming due on his commercial property? Has your bank offered him a discounted pay-off? Does your borrower have less-than-stellar credit? Is your client's company losing money? Is your borrower a foreign national? Do you need a non-recourse loan? Do you need a commercial loan with no prepayment penalty? Is your client's commercial property partially vacant? Do all of your commercial leases run out in the next 18 months? Do you need a lender who will allow a negative cash flow? Do you need a loan against a portfolio of rental houses?
And don't forget, we will quickly and happily issue you a written Loan Approval Letter - at no charge - that you can use as a fallback and to lure cheaper lenders. After all, everyone wants to lend to you if you already have a commitment. Here is our latest rate sheet.
Blackburne & Sons is looking for commercial real estate loans that are not quite clean enough for a bank. Please click here to submit a hard money commercial loan or call me, Tom Blackburne, at (574) 210-6686.
Golf Shoes Joke
Jack decided to tie the knot with his longtime girlfriend. One evening, after the honeymoon, he was cleaning his golf shoes; his wife was standing there watching him. After a long period of silence she finally speaks. "Honey, I've been thinking, now that we are married I think it's time you quit golfing. Maybe you should just sell your golf clubs."
Jack gets this horrified look on his face. She says, "Darling, what's wrong? And Jack says, "There for a minute, you were sounding like my ex-wife." "Ex-wife!" she screams, "I didn't know you were married before!" And Jack replies, "I wasn't."
Free Copy of The Blackburne List
The Blackburne List is a list of over 2,500 commercial lenders located nationwide. We just spent almost $30,000 and three months updating this list.
The Blackburne List is available for purchase for just $79.95. Is money tight? You can also buy one of our three Regional Lists (750+ lenders) for just $39.95. But why spend money at all?
We will trade you one of our three Regional Lists for the contact information of just one banker making commercial real estate loans. If you refer us three bankers, you will own the list for all three regions. Together you will own the entire Blackburne List.
There is another way that you can access The Blackburne List. Our newest portal, CommercialMortgage.com, is an online way to search the entire Blackburne List for the 30 lenders most suitable to make your commercial loan.
CommercialMortgage.com ("CMDC") is also 100% free!
Married Jesus Joke
"A controversial 1,200-year-old document has been found that shows evidence that Jesus was married. I don't believe it. What married guy gets to spend all his free time with his 12 buddies?” — Conan O'Brien
Get a Free Commercial Mortgage Marketing Course
We sell this course separately for $199. Click here to get your free commercial mortgage marketing course.
Overworked Joke
A priest had the weight of the world on his shoulders and was showing the effects. The church sent him to a psychiatrist, who ordered him to take a week off. So the priest left his religious paraphernalia behind him and went to a neighboring city. He got himself a nice room and went to the hotel bar to relax with a couple stiff drinks.
A waitress in a short skirt and low-cut uniform came over and asked, "What'll it be, Father?” The priest felt to see if he was still wearing his collar by mistake, but he had none on. "How did you know I'm a priest?" he asked. The waitress said, "I'm Sister Mary Margaret. We go to the same psychiatrist!”
Learn Commercial Real Estate Finance - Nine Hour Video Training Course - Just $549
It would be a lot easier to close your commercial deals if you actually knew the subject matter. Finally learn this stuff.
Want to get this $549 course for free? Get me all of the contact information - address, email, etc. - on ten bankers, and I will send you the course for free. Guys, the ONLY acceptable bankers are loan officers working for FDIC-insured commercial banks or credit unions. Got ten? Write to me personally, George Blackburne III (the old man and founder) for this special trade.
Shopping Joke
Whoever said money can't buy happiness simply didn't know where to go shopping. -- Bo Derek
It's the Loan Servicing Income, Folks
The loan servicing portfolio for Blackburne & Sons just broke $53 million this quarter. Since our average loan servicing fee is two percent annually, that means we earn $1 million per year for servicing just 250 loans. How would you like to walk in the door on the first of each month knowing that you will earn at least $83,000? Find your own private mortgage investors.
Car Problems Joke
A blonde pushes her BMW into a gas station. She tells the mechanic it died. After he works on it for a few minutes, it is idling smoothly. She asks, "What's the story?” He replies, "Just crap in the carburetor…" She asks, "How often do I have to do that?”
Buy Both Training Courses For Just $849
To order, please on contact Tom Blackburne at 574-210-6686 or tommy@blackburne.com.
Casino Joke
There is a very easy way to return from a casino with a small fortune - go there with a large one. -- Jack Yelton
Need a Commercial Loan Right Now?
If you need a non-prime or subprime commercial mortgage loan right now, simply complete this super-easy mini-app to me here at Blackburne & Sons.
If you need a bank-quality commercial loan right now from a life company, a commercial bank, or a conduit, you should enter your deal into C-Loans.com or our latest commercial loan portal, Commercial Mortgage.com.
The lenders on CommercialMortgage.com (3,159 commercial mortgage lenders) are different from the 750 commercial lenders on C-Loans.com.
The really hungry lenders join C-Loans.com, and using C-Loans you can actually submit your loan to 750 commercial lenders and get the ball rolling.
Why Does This Story Sound Familiar?
Sweet Apartment Loan Program for "A" Deals
Blackburne & Sons has a terrific apartment loan program for "A" quality deals. Our fixed rate is adjusted according to the desirability of the property and the area, but it starts at 3.87% and 1 point for a 30-year fully-amortized loan. For more details, please call Tom Blackburne at (574) 210-6686.
Dragons Joke
Q: Why do dragons sleep during the day?
A: So they can fight knights!
We're Now Making Business Purpose Rental Home Loans in ELEVEN States
These loans are sometimes known as buy-to-rent loans. For the past 37 years, Blackburne & Sons has exclusively been a commercial lender. This has now changed. We are aggressively seeking non-owner occupied home loans in these states:
- California
- Florida
- Arizona
- Washington
- New Jersey
- Missouri
- Maryland
- Ohio
- Arkansas
- New York
- Texas
- Probably your state too. Call for details.
At this time we are unable to make residential loans in the following states:
- Nevada
- Minnesota
- Idaho
- Oregon
- North Dakota
- South Dakota
- Vermont
- Utah
The property has to be non-owner occupied, and the purpose of the loan must be for business. The nice thing about business purpose home loans from Blackburne & Sons is that our loans have a 15-year term and no prepayment penalty.
Got a commercial deal nationwide or a business purpose, non-owner-occupied residential deal in one of the above four states? Please call your loan officer:
Tom Blackburne at 574-210-6686
NMLS # 1014118
Loans made under the California Finance Lenders Law.
Old Peoples Joke
Q: What do 90-year-old people smell like?
A: Depends!
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.
Video - Jack Russell Terrier Goes All Jack
We had a Jack Russell named Jack. He drove us crazy, but we have never loved any dog more.
On a Personal Note
This past weekend I took my family to Chicago as a quick spring break trip. To no surprise, The Windy City lived up to its name; it was cold, windy, noisy, and busy. But we didn't let the weather spoil our fun. We went to the Shedd Aquarium where we saw every type of creepy crawler under the sun. We then went to the highly-anticipated American Girl store and cafe, where we ate lunch and spent a hour in line just to get our doll's hair 'professionally' combed. Yikes! After the long wait, we ate dinner at The Rainforest Cafe, and topped the night off with a swim in the hotel pool. We had a blast!
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!
Final Funny
A thief and his girlfriend were walking down Main Street when she spotted a beautiful diamond ring in a jewelry store window. "Wow, I'd sure love to have that!" she said. "No problem, baby," the thief says, throwing a brick through the glass and grabbing the ring.
A few blocks later, his girlfriend was admiring a leather jacket in another shop window. "What I would give to own that!" she said. "Sure thing, darling," the guy says again, throwing another brick through the window and snatching the coat.
Finally, turning for home, they pass a Mercedes car dealership. "Boy, I would do anything for one of those!" she said to her boyfriend. "Forget that!" the guy moans. "Do you think I'm made of bricks or something?”
Get a Free E-Book on CREF
This free e-book contains seven of George's best blog articles on the subject of commercial real estate finance.
Contact Information
Tom Blackburne
BRE# - 01919403
NMLS# - 1014118
BLACKBURNE & SONS REALTY CAPITAL CORPORATION
4811 Chippendale Drive, Suite 101
Sacramento, CA 95841
Phone: (574) 210-6686
Fax: (916) 338-2328
Email: tommy@blackburne.com
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