Remington Financial Group, Inc. - Has the Ability to Close Commercial Loans

About Remington Financial Group, Inc.

For the past 15 years, Remington Financial Group has successfully provided capital and financial services to experienced real estate owners and developers nationwide.

Remington's success is built upon well-established relationships with highly regarded domestic and foreign based capital sources (both private and institutional). Our vast lender network, combined with market expertise and a highly disciplined due diligence and transaction process, means clients benefit from integrated, seamless financing.

Remington works to provide customers with a clear picture of the status of their transaction, as well as any fees associated with the transaction throughout the due diligence process. We work proactively to identify and overcome challenges before they become barriers to a successful close.

Remington Financial Group offers a variety of creative financing options with highly competitive rates for conventional financing, bridge loans, construction loans and hard-money loans while delivering exceptional service throughout the financing process.

Representing clients exclusively, Remington carefully manages the formation of all capital levels so they are structured and tailored for each individual transaction. This process saves clients both money and time while greatly reducing transaction risk. Where other sources were unable to execute at all, RFG has repeatedly delivered refined capital solutions to complex transactions.

Remington Financial Group, Inc. - Recent Case Study

Mezzanine Loan: Recent $2.5 Million Closing Illustrates Flexibility and Speed

An Ohio based developer turned to RFG in order to secure mezzanine financing to compliment its senior financing. The existing senior financing did not provide enough leverage to complete needed improvements to a medical office building, hence the need for the mezzanine round. The developer had recently purchased a building in Dayton that had substantial below market occupancy because of the prior ownership's mismanagement.

In order to move toward a quick closing, the developer to utilize a short term low leverage acquisition bridge loan. The developer required additional capital to make improvements to the property to attract tenants. The demands of the transaction required an entrepreneurial mezzanine lender that could quickly and easily understand the market and share the developer's conviction with the overall opportunity.

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. RFG, on the other hand, partnered with the developer to create a finely tuned sense of the market and felt comfortable with the property's projected lease-up. As a result, it was able to articulate the deal and its risks efficiently to its investor and delivered a $1.5MM mezzanine loan in approximately 10 days.

Just after closing, the developer secured a lease and required additional capital to continue with building improvements. RFG delivered another $1MM within a month after the first closing by simply adding to the principal balance of the original mezzanine loan. Based on the developer's satisfaction with Remington's execution of the mezzanine loan assignment, it awarded RFG the senior mortgage refinancing.

Remington Financial Group, Inc. - Recent Corporate Closings

$64.5 MM - Microcomputer Component Manufacturer, Bankruptcy Reorganization Financing - NY

$5 MM - Auto Parts Manufacturer, Joint Venture Acquisition Financing - NJ

$18.5 MM - Discount Retail Chain, Equity/Debt Financing Bankruptcy
Organization - MA

$80 MM - Cruise line, Acquisition & Start-up Financing - NJ

$2.5 MM - Medical Services Company, Early Stage Working Capital Financing - NY

$6 MM - Telecommunications Company, Equity Financing - NY

$4 MM - Wireless Tracking Device Manufacturer, Expansion & Start-up Working
Capital - MA

$3 MM - Broad Form Application Service Provider, Early Stage Bridge
Financing - NY

$.25 MM - Online Travel and Hotel Reservation Website Company, Bridge
Financing - CA

$2.2 MM - Recycling Company, Bridge Financing & Secured Line of Credit - PA

$.5 MM - Software Company, Equity Capital - PA

$1.2 MM - Retail Chain Stores, Working Capital Financing - NJ

$.5 MM - Discount Company, Equity Investment & Revolving Credit Facility
Financing - MA

$.45 MM - Image Systems, Venture Capital Investment & Working Capital - DC

$7.5 MM - Recycling Corporation, Equity / Dept Working Capital Financing - CA