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Remington Financial Group

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By remington_fin


Your Best Access to Commercial Capital

Remington Financial Group is a consultative financial services firm based in Scottsdale, Arizona. Since 1993, Remington has built a successful track record of closing innovative debt, mezzanine and equity capital transactions nationwide and internationally. Our minimum loan amount is $500,000 in the US and $5,000,000 for International transactions.

We have:

  1. A world-class Capital Market Group that spends every working hour vetting and finding new alternatives to traditional bank financing.
  2. An advisory service team that is second-to-none.
  3. The industry’s top professionals and private investors, turning problematic transactions into closings.

Contact us today to find out how Remington Financial Group can make your next transaction a success.

We’re your best access to commercial capital.
480.905.3239
apply@remingtonfg.com
info@remingtonfg.com
www.remingtonfg.com

 

Remington Financial Group secures $2.5 million

In order to secure a mezzanine financing to compliment its senior financing, an Ohio based developer engaged Remington Financial Group but can't provide eneough leverage to finish required improvements to a medical office building. Prior mismanagement led to lower than normal occupancy rate in the building that was recently acquired in Dayton, Ohio. The developer was forced to use a short term low leverage acquisition bridge loan because of the quick closing. TYo make the property attractive to tenants, more money was required. The difficulty of the project required a knowledgeable lender that understood the circumstances and was able to understand the developer's issues with the proposed deal. Most formulaic mezzanine lenders were not willing to absorb the deal's lease-up and market risks combined with the added risk of relatively high priced debt in the senior position.

Remington Financial Group established a relationship with the developer which was built on confidence in the market and in the property's projectted lease-up. The company was subsequently able to clearly define the details of the deal and accompanying risks to the investor and then delivered a $1.You can obtain a 5mm mezzanine loan in around ten days.

Immediately after the shut down, the developer secured a lease and needed extra capital to carry on with the building improvements. By adding to the principal balance of the mezzanine loan, Remington Financial Group was about to deliver an additional one million dollars in four weeks after the initial closing Because the developer was happy with the way Remington had carried out the mezzanine loan assignment, it entrusted RFG with the senior mortgage refinancing.

Remington Financial Group gains financing of $60.8 Million for a large scale student housing project

One of the areas best contractors interested Remington Financial, Inc. To construct a large scale student housing complex will require financing.

The project began over a decade ago with the construction of real estate near the entrance to the campus. Known nationwide developers attempted but failed to develop the place, but Remington's client, a seasoned developer for 20 years made a plan from conceptualization to the formal beginning of the project in about 12 months. The preparation came together producing the biggest modernistic, privately financed, multifaceted growth of student housing, movie theater and retail stores. In addition to the development helping the university, it symbolizes the foundation of the restoration of the area.

Remington Financial Group was in competition with the developer's long term relationship bank. Remington Financial had won the deal because of its ability to deliver superior financing to the developer's many options compared to their competitors. The construction business is worth nearly sixty-one million dollars and had a two year term. 80 percent of the project's stablized value was from loan proceeds; which was a very unexpected benefit to the developer because of RFG's financing package. The construction financing also contained a provision that allows for the loan to become fully non-recourse when a forward commitment that funds at construction completion is secured.

Remington Financial Group is a leading banking investment firm which arranges and provides bridge, mezzanine, equity, construction and permanent financing to projects ranging from income producing real estate to residential lot development and condo conversionshaving headquarters in Philadelphia.

Article by Remington Financial Group

To rent is nice, but to own the land your business calls home is so much better

It is any business owner's dream to not just have a business, but to also own the land that the business calls home. Many businesses are just content to rent the storefront and to pay rent. Yet one has to ask if this is the best solution. There are many that own a house as it is an investment and also something that can be a building block to the future of the family they either have or hope to have. A commercial lot is much the same and should be dealt as the investment, commitment, and also value that it is.

There are many businesses that are strayed away from considering to get commercial property as the expense is too much or due to the sagging economy. This is where well-formulated commercial lot loans can make a huge difference. These are the loans that many businesses take in the hope of getting the property that their business will call home and also will be the foundation to the business that they have today.

Many have used the building as the launching pad for much more, and have seen that this is a commitment to a business that they hope will be around for many years to come. This is also considered to be a huge factor if the area is a site considered for future development as the property can increase in value and also boost the value of the property itself.

Mortgages have been something that some businesses have considered as they can be drawn out for up to thirty years. There are still others that would prefer to have the land paid for as quickly as possible. This is where a well placed commercial lot loan can make a huge difference for the company that is wanting to pay off the loan quickly and not get tied to a merchant account or a bank loan for the duration.

The biggest drawback to a traditional mortgage is that the person is stuck having to pay the bulk of the interest in the first few years and little on the principal. This can result in a long-term commitment that has little rewards in the first few years. Some companies have seen the advantages to commercial lot loans that deal with the bulk of the payments in a shorter period of time without the abuse that the heavy formulated interest rates that a mortgage can create.

Remington Financial Group

The Remington Financial Group has built a rock solid reputation based on our strong partnerships with world renown domestic and international based private and institutional capital sources. Our lender network is second to none in both size and the involvment of industry leaders in finance. Every transaction is processed by our highly trained staff and meticulously analyzed for perfection. Our clients are secure in the knowledge that they are receiving the highest quality financing based on sound processes that are often superior to conventional means.

Remington diligently works to provide their customers with a clear picture of their transactions and any fees they have incurred. Remington also works out any obstacles that may become barriers before the close that way they do not become barriers and prevent the close. Remington also offers a variety of financing options with competitive rates for everyone, delivering exceptional service throughout the financing process and making it easier on everyone.

Traditional financing

Hard capital loans

Bridging loans

Construction loans

While some firms cannot deliver at all, the Remington financial group had proven its mettle by providing the best capital solutions to difficult transactions. Remington does it by focusing its resources on a client that it represents exclusively. Focusing its resources allows it to structure capital tiers, each customized to fit the client's standards.

Remington has an excellent Advisory Service that can help people who are in trouble with existing deals and that are at risk. They also can assist with a comprehensive set of financing programs for everyone. Including origination,evaluation of deals, transaction structuring, preparation and underwriting, negotiations and coordination of placement and the closing process. Remington can help anyone buying a house or who are facing foreclosure.

 

 

 

 

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The Remington Financial Group got $960k in funding for acquisitions

With its small loan service, Remington Financial Group began acquisiton funding to secure buying retail property in the Raleigh, north Carolina market. To secure financing for their first commercial investment property, The principal engaged Remington Financial Group as RFG's reputation to secure financing for extremely challenging projects is well known.

The individual borrowing the funds had a low credit score, no experience, and little overall net worth. A substantial real estate property had a sales contract at a very competitive price, though. As Remington Financial Group investigated the borrower's business history and the property site itself, RFG became comfortable with providing financing for the deal. As a result, Remington Financial structured $960,000 senior and mezzanine financing which represented a 95 percent LTV when combined with the seller financing which occupied a third mortgage position. A combined rate of 7 was used to supply senior and mezzanine financing.3/4 spread over a period of seven years as well as 25 year amortization.

Distressed Owner Recapitalization Program

Hi I'm Andy Bogdanoff, Chairman of Remington Financial Group.

Much of the news in commercial real estate today is about new investor opportunities. What about the current troubled investors? What relief can be provided for these distressed owners?

Remington Financial Group works with these distressed owners every day.  Therefore we’re introducing the Remington Distressed Owner Recapitalization (DOR) Program that focuses on helping troubled owners and developers. We aim to make a difference.

The Capital Markets Group at Remington offeres daily solutions to the on-going liquidity crisis by providing access to more active funding sources across the capital stack. When combined with espert advisory services, the new program positively impacts owner recapitalization.

For experienced owners of existing income-producing properties looking to refinance, the Distressed Owner Recapitalization Program offers access to investors that will purchase the note from the bank at a discount. Owners will continue to make the original paymetns to the new investor and participate in the up side when values increase.

For the experienced developer of a partially completed project that needs capital to finish and operate the property, Remington has access to investors that will purchase the note from the bank at a discount, allowing the developer to complete the project and operate the property. The developer will continue to make the original payments to the new investor and participate in the upside when the property values increase.

Please contact us and we'll be happy to discuss this program further.  Thank you.

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