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 referral fees and how apartment construction is booming.

Joke Du Jour

I was waiting tables in a noisy lobster restaurant in Maine when a vacationing Southerner stumped me with a drink order. I approached the bartender. "Have you ever heard of a drink called 'Seven Young Blondes'?" I asked. He admitted he'd never heard of it and grabbed a drink guidebook to look it up. Unable to find the recipe, he then asked me to go back and tell the patron that he'd be happy to make the drink if he could list the ingredients for him. "Sir," I asked the customer, "can you tell me what's in that drink?" He looked at me like I was crazy. "It's wine," he said, pronouncing his words carefully, "Sauvignon blanc."

Blackburne & Sons is Looking For Non-Owner-Occupied Home Loans in California.

We love investors and flippers. Got a non-owner residential loan request in California? Please call me, Tim Brannan, at 916-338-3232 or email timb@blackburne.com

Blackburne & Sons has been in business for over 31 years now.

Pleasure Trip Joke

I just got back from a pleasure trip. I took my mother-in-law to the airport.

Referral Fees for Commercial Leads

It's perfectly legal to pay referral fees for commercial mortgage leads, and we once paid a referral fee of $21,250. We'll gladly pay you 20% of our loan fee for just the name and telephone number of a prospective commercial borrower. Please call me, Tim Brannan at 916-338-3232 or email me at timb@blackburne.com.

For more information on referral fees, please click here.

Water Joke

My friend was working at an amusement park when a couple stopped him. “Excuse me,” said the woman, pointing to a pond. “What is that water made out of?” Bemused, my friend replied, “Two parts hydrogen and one part oxygen.” “See?” she said to her boyfriend. “I told you it wasn’t real.”

Apartment Construction is Booming

Analysts for Bloomberg predicted that multifamily construction would soar 45% to 70% in 2012. New apartment lenders, including ones with construction loan programs, are flooding onto C-Loans.com.

Got an investor or developer who owns, or wants to buy, land in California that is zoned for apartments? Blackburne & Sons is looking for such loans. Please call me, Tim Brannan, at 916-338-3232 or email timb@blackburne.com.

You can also send me a residential loan, apartment land loan, or commercial loan request by using this mini-app form.

Beauty Parlor Joke

My wife was at the beauty shop for two hours. That was only for the estimate. She got a mudpack and looked great for two days. Then the mud fell off.

Hungry for Commercial Loans Too

Blackburne & Sons is also looking for hard money first mortgage loans - up to $1.5 million - secured by commercial properties nationwide (not just California). Our private money loans almost never have a prepayment penalty.

Got a residential loan request in California or a commercial loan request anywhere in the country? Please call me, Tim Brannan, at 916-338-3232 or email timb@blackburne.com

Lost Dog Joke

An old farmer is inconsolable after his dog goes missing. His wife suggests he take out an ad in the newspaper, which he does. But two weeks later, there’s still no sign of the mutt. “What did you write in the ad?” his wife asks. “ ‘Here, boy,’ ” he replies.

On a Personal Note ...

This June, my husband and I took our daughter to Los Angeles for her 16th birthday. My mother and two brothers flew to Los Angeles from Idaho to spend that week with us. We spent three full days in the Disneyland and California Adventure Theme Parks and had the time of our lives. We also spent one full day just playing around at Laguna Beach and doing a little bit of shopping in all the shops along the beach. We wanted to make her 16th birthday a memorable one, and we are absolutely sure that we accomplished that goal!

Residential Rates and LTV's

Blackburne & Sons will lend up to 70% LTV on purchases, provided the buyer puts down at least 20% of the purchase price in cash, his middle credit score is at least 680, and he has the capacity to repay. The seller can carry back a second mortgage for 10% of the sales price.

We will often lend up to 60% LTV on refinances, provided the borrower's credit score is at least 680, and he has the ability to repay. The term of most of our home loans is three years.

Our interest rate will vary from 8.9% to 12.9%, depending on the safety of the deal and the desirability of the property and neighborhood. Most of our home loans will be either 9.9% or 10.9%. We charge only 2 points on home loans, and we will go down to par, if necessary, to land a very safe and desirable loan.

Contact Me