Loan Will Be The Right Size, in the Right Location, and on the Right
Type of Property. No Set-Up Fees. No Monthly Fees.
Just 37.5 Basis Points When a Deal Closes.
want to close more commercial mortgage loans? If so, joining C-Loans
as a lender is a no-brainer. You will instantly see dozens of
qualified new deals every month.
take a moment to view a sample loan
you can see, you can determine in seconds if the deal is a good one
or not. If the deal is junk, you can turn it down with just one
click using our EasyReply System. If you like the deal, you can
immediately call the borrower directly. You can also use the EasyReply
System to instantly beam the borrower a quote and a checklist of required
documents. It's all point-and-click technology.
is C-Loans®? We
are the internet division of Blackburne & Brown, one of the largest
and oldest private money commercial mortgage companies in the
country. You can view our audited
financial statement. Please note that our parent company is
a $55 million direct commercial mortgage lender itself.
internet loan applications really work?" It's amazing. Banks
across the country are closing loans for us almost daily. Our
hard money division now gets almost 70% of its deals from the internet. It's
like shooting ducks in a barrel.
many loans will I get?" It depends on your lending area. A
conduit lender can expect to see at least 40 loans per month over $2
million. A bank lending nationwide could see 20 to 30 deals a
month. A mid-sized bank lending statewide might see 15 deals per
month. If you only lend in Northeast St. Louis, you will of course
see fewer deals.
much does it cost?" There is no set-up fee to join C-Loans,
nor is there is any monthly charge. Banks, life companies, conduits
and REIT's pay just 37.5 basis points when a deal closes. Hard
money lenders pay just 50 basis points. You can easily bump your
normal rate by 25 basis points or your normal loan fee by a half-point
to cover our fee.
"Do we have to sign an agreement?" No. We're
happy to start sending you deals immediately based only on a verbal handshake. If
for some reason you need a written agreement, you'll find one here: http://www.blackburne.com/advertiseagree.html
"Can anybody join C-Loans as a lender?" No. You
must be a bona fide, direct lender and not a mortgage broker in disguise. Generally
you must either service your own loans or take them down in your own
of minor points. We are not the Borrower's
mortgage broker, nor are we your correspondents. C-Loans is just an on-line
advertising company. The loan applications will come in to
you directly, and you are to deal directly with the Borrower or the mortgage
"Okay, let me get this straight. There is no
set-up fee to join C-Loans, nor is there any monthly fee. I only
have to pay you a tiny fee if I actually close a deal, and I can always
just bump either my rate or my loan fee a little bit to cover your fee. This
is indeed a no-brainer. What do I do?"
Simply call Alicia Gandy in our Sacramento office at 916-338-3232,
or if it's after hours, just send
her an email. Please include your name, company, address, phone,
fax, email address, your minimum loan, your maximum loan, your lending
area, your acceptable property types, and your typical rates in terms. Finally,
will you also make construction loans?
24 hours you should start receiving loan applications. "It's
that easy?" Yep.
to the C-Loans® family.
Blackburne, III, Esquire
BLACKBURNE & BROWN
MORTGAGE COMPANY, INC.
11866 Lawndale Drive
Plymouth, IN 46563