About Remington Financial Group, Inc.
Remington Financial Group has direct access to capital sources and has since 1993 built a successful track record of securing the most challenging debt, mezzanine, and equity capital transactions in the US and internationally.
Remington has an experienced and innovative advisory service team with the highest integrity. Clients rely on Remington to be their best access to commercial capital.
The firm is highly regarded for its integrity, creativity, and advocacy on behalf of its broker network and clients.
Throughout due diligence, Remington provides clients with the status of their transaction and proactively works to overcome obstacles before they become barriers to a successful close.
Delivering exceptional service throughout the financing process, Remington offers a variety of creative financing options with highly competitive rates for conventional financing, hard-money loans, bridge loans and construction loans.
Remington has the industry's most experienced Capital Markets Group. We spend every working hour finding and vetting new alternatives to traditional bank financing. Remington has global capabilities, with minimum loan amounts of $500,000 in the US and $5,000,000 for international transactions.
At Remington you'll find the most skilled professionals and private investors. We turn problematic transactions into closings.
Remington Financial Group, Inc. - Available Programs
Senior Debt
Mezzanine Debt
Preferred Equity
Equity
Joint Venture Financing
Remington Arranges Specialized Financing For The Following Property Types and Business Purposes:
Remington Financial Group, Inc. - Loan Process
Remington Financial Group brings unique insight, strategy, and experience to the dynamic process of capitalizing real estate and other business transactions. With expertise across the capital stack from debt to sponsor equity, Remington develops and executes financial structures that enhance value.
Our process supports the success of our clients.
Remington Financial Group, Inc. - Addresses Liquidity Crisis
Andy Bogdanoff recently addressed a meeting of industry representatives: "The commercial real estate industry is a disaster waiting to happen. With $1.2 trillion in commercial debt due to mature by 2013 and with U.S. banks in a deep liquidity crisis, real estate owners across the country are between a rock and a hard place."
Remington is doing something about it. To assist distressed owners, Remington will be announcing a new nationwide "investor-driven" recapitalization program that relies on private rather than banking sources of capital. We'll be leveraging our second-to-none access to commercial capital to support you and your clients in a tough situation.
"The new program ties together the expert capital advisory services of Remington with a nationwide network of well-funded private investors that are ready, willing, and able to recapitalize troubled commercial real estate assets."
Remington Financial Group, Inc. - Expert Advisory Services
Key to successfully closing even the most complex and challenging commercial financing transactions can be summarized as follows:
The advisory services at Remington Financial Group combine all five attributes needed for success in today's tight market, especially for those commercial projects unable to obtain debt, mezzanine, or equity capital from conventional sources. Those companies most likely to benefit from our services include those:
At Remington, our knowledgeable and experienced team of experts works closely with clients to evaluate and creatively restructure transactions into new financing opportunities. Combining this insightful advisory service with the strong relationships we have developed with hundreds of active funding sources, clients of Remington gain the industry's best access to competitive commercial capital available today.
About Remington Financial Group, Inc. - What's Happening in the Capital Markets
A supply and demand imbalance in the commercial real estate capital markets will provide investors with an unprecedented opportunity to generate equity-like returns for debt investments. This same imbalance presents Remington with an opportunity to assist more distressed developers and owners who seek financing.
The Liquidity Crisis
The supply of commercial real estate debt has shrunk dramatically, especially in the US. According to the Mortgage Bankers Association, CMBS represents some 20% of all commercial loans. Further compounding the liquidity problem is the fact that most commercial banks are not in a position to extend credit to new borrowers because they are struggling to manage their deteriorating commercial loan portfolio.
Remington Financial Group, Inc. - Why Use Hard Money
In the US alone, some $1.2 trillion in commercial loans is estimated to mature in the next four years. This significant demand causes the imbalance.
A hard money loan is easily recognized by some distinguishing characteristics, most notably its ability to close quickly. Although a hard money loan typically carries a higher loan to value and more costly rates and fees, borrowers continually turn to this unique loan because most times it can move from start to close in 30 short days.
Why would a borrower need to close a loan in 30 days? It turns out there are many reasons that a quick turn around might be necessary. Two examples include:
Taking advantage of a low cost property
A borrower is aware of a piece of available property that is near the site of a soon-to-be-built shopping center. The land owner will sell the property at a lower cost, but only if the deal can close in the next 30 days. By securing a hard money loan, the borrower will pay higher rates and fees, but can close quickly knowing that she will earn a significant return in a year when the shopping center's construction is complete and the land's value has increased.
Avoid foreclosure
An individual's lender is about to foreclose on his property unless he can repay a certain amount within a short time period. The property is worth $10 million and the borrower owes $1 million against it. If the property is foreclosed upon, all of the property's equity will be lost. Although a hard money loan carries high fees and rates it enables the borrower to meet the aggressive repayment timeframe and save the equity in the property.
About Remington Financial Group, Inc. - Hard Money
Since 1993, Remington Financial Group, Inc. has had a successful history of securing hard money capital and financial services to sophisticated real estate owners and developers nationwide.
RFG specializes in hard money loans, a higher-risk loan, which is usually based on the quick-sale value of a property. Hard money loans are often issued for financially distressed properties that carry greater risks that most conventional banks are not willing to absorb. RFG issues hard money loans in cases where there is sufficient collateral and a promising business or financial plan.
Securing financing for transactions starting at $1 million and moving upward, RFG offers an extensive network of private and public lending partners, dramatically improving successful close rates for borrowers in need of a fast closing loan. With a successful track record of closing hard money transactions, Remington delivers expertise and competitive transaction options, even in challenging market conditions.
Hard money loans may be issued for any range of non-traditional properties or non-traditional borrowers - including property owners who may have missed a mortgage payment or real estate developers that are looking for immediate action.
RFG is interested in securing financing for companies that operate in expanding market sectors, such as manufacturing, resource development and service providers. Remington will consider securing financing on a diverse variety of commercial properties, including mixed-use, apartment buildings, assisted care facilities, business investment capital, corporate loans, real estate, special purpose properties (such as car washes), construction loans, hotels, land development, retail, office or industrial properties.
Remington Financial Group, Inc. - Why Use Hard Money
In the US alone, some $1.2 trillion in commercial loans is estimated to mature in the next four years. This significant demand causes the imbalance.
A hard money loan is easily recognized by some distinguishing characteristics, most notably its ability to close quickly. Although a hard money loan typically carries a higher loan to value and more costly rates and fees, borrowers continually turn to this unique loan because most times it can move from start to close in 30 short days.
Why would a borrower need to close a loan in 30 days? It turns out there are many reasons that a quick turn around might be necessary. Two examples include:
Taking advantage of a low cost property
A borrower is aware of a piece of available property that is near the site of a soon-to-be-built shopping center. The land owner will sell the property at a lower cost, but only if the deal can close in the next 30 days. By securing a hard money loan, the borrower will pay higher rates and fees, but can close quickly knowing that she will earn a significant return in a year when the shopping center's construction is complete and the land's value has increased.
Avoid foreclosure
An individual's lender is about to foreclose on his property unless he can repay a certain amount within a short time period. The property is worth $10 million and the borrower owes $1 million against it. If the property is foreclosed upon, all of the property's equity will be lost. Although a hard money loan carries high fees and rates it enables the borrower to meet the aggressive repayment timeframe and save the equity in the property.
Remington Financial Group, Inc. - Loan Process
Remington Financial Group, Inc. - Obtaining Capital in Tough Times
Despite word that the recession is over, the economy is still suffering and businesses are keeping a wary eye on the markets for additional signs of hope. Finding funds for new transactions has required extra creativity, and Remington Financial Group has been able to work our traditional and alternative funding networks to continue helping clients.
Remington has built a reputation for securing financing even when many institutions are saying no. We know how to find financing for borrowers that have had trouble getting it elsewhere. Because we have lending partners that are private, they are not overused and traditionally have financing dollars available for reputable commercial deals when traditional lending sources do not.
The fact that our lending sources have available credit means that we can help brokers broaden their reach and be more successful. With Remington, brokers can close more deals that make money for all parties. We've been getting the toughest transactions financed since 1993, and the value of our services increases in tough times like these.
About Remington Financial Group, Inc.
Remington Financial Group has built its success upon well-established relationships with highly regarded domestic and foreign based private and institutional capital sources. Our extensive lender network combined with market expertise and a highly disciplined due diligence and transaction process means our clients benefit from integrated, seamless financing.
Throughout the due diligence and deal process, Remington works to provide customers with a clear picture of the status of their transaction and any fees. RFG proactively works to overcome obstacles before they become barriers to a successful close. Delivering exceptional service throughout the financing process, Remington offers a variety of creative financing options with highly competitive rates.
Representing clients exclusively, Remington carefully manages the formation of all tiers of capital so they are structured and tailored to each unique transaction. This process saves clients time and money while significantly reducing transaction risk. Time and again, Remington has delivered refined capital solutions to complex transactions where other sources were unable to execute at all.
Remington can help revitalize existing deals that may be at risk with expert Advisory Services or assist with a comprehensive set of Financing Programs including origination, evaluation, transaction structuring, preparation and underwriting, negotiations and coordination of placement and closing processes.
Remington Financial Group, Inc. is a leading investment banking firm looking to finance projects between $500k and $1B.
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