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 a surprising reason why residential real estate might start to recover. And, as always from Blackburne & Sons, we have lots of clean jokes, gags, and funny videos for you.

Joke Du Jour

My wife is a really bad cook. The other day I left some dental floss on the kitchen counter. When I returned, three cockroaches had hung themselves.

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, email me at timb@blackburne.com, or simply complete this easy mini-app.

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

Bad Cooking Joke II

My wife is such a bad cook that the flies in the neighborhood got together and patched the hole in our kitchen screen.

A Surprising Reason Why Residential Real Estate Might Start to Recover

We discovered the following fact by accident. Blackburne & Sons makes non-owner-occupied home loans in California to property investors and flippers from 55% to 80% of loan-to-value.

Many times the home loans we make here in California allow the flipper to pull out his profit so he can go out and buy more houses. (We make acquisition loans too!) Therefore, the flipper has completed his renovation, and the property is rented out.

In playing with the numbers, we have discoved that if Blackburne & Sons forecloses, our investors would earn a 9% to 12% cash-on-cash return on the foreclosed rental, aassuming, of course the renter stayed. Wow. In a world where bank CD's are yielding less than 1%, that's a terrific yield.

It is not impossible that a housing recovery might be led, not by new home buyers taking advantage of low interest rates, but rather by investors buying rental homes to produce income!

This Video Gag is Hilarious

Crazy grandma pulls a gag on nearby diners.

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

Bridge Club Joke

My wife made me join a bridge club... I jump off next Tuesday.

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

Why You're So Tired at the End of the Day

This funny video is so... as the Brits might say... spot on.

On a Personal Note...

Each loan officer should insert his personal paragraph here.

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.

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