Remington Financial Group, Inc. - Fraud Policy
The fraud policy is designed to ensure that all staff, consultants, customers, financing intermediaries, and capital sources associated with our company possess the highest ethical standards possible. To accomplish this, we have established training programs and a diligently enforced anti-fraud policy we hope will become the accepted "Gold Standard" policy throughout our industry.
The purpose of this policy is to establish a realistic deterrent to inappropriate business behavior. We do this with controls and procedures designed to prevent, detect, investigate and report any questionable activity that may involve an intention to scam or commit fraud against the company, its staff, consultants, customers, financing intermediaries, or capital sources.
What is fraud? It is "the intentional false representation or concealment of material facts for the purpose of inducing another person or entity to act in such a way as to cause, or to potentially cause, injury or damage."
Fraud can and must be avoided. Anyone directly or indirectly engaged in inappropriate activity that harms anyone or any entity having dealings with Remington will be held accountable and be subject to prompt and appropriate disciplinary or legal action. At Remington, fraud is not an option. It simply will not be tolerated.
Remington Financial Group, Inc. - Capable of Securing Financing When Others Can't
In today's capital market, Remington Financial Group is a powerful and strategic resource with an enviable track record of success, especially for projects unable to obtain needed financing from conventional sources.
For one thing, Remington is ideally situated as an intermediary between the client in need of financing - especially those with problematic projects - and the hundreds of private and institutional sources of commercial capital with whom Remington has strong, active and productive relationships.
For another, the experts at Remington have in-depth knowledge, market expertise, and a commitment to client advocacy that translates into the kind of creative, value-enhancing insight needed to help evaluate, restructure, and customize previously difficult-to-fund transactions into new financing opportunities.
Debt Financing
Since our founding in 1993, Remington has been advising clients on the use of leading-edge financing strategies to help secure short- and long-term debt. We have extensive expertise in distressed debt transactions, bridge loans, and permanent loans, as well as forward takeout and standby commitments. The special access of the team at Remington to domestic and international private and institutional capital sources is a source of unique differentiation in the industry.
Mezzanine Financing
Remington offers a comprehensive program that accesses mezzanine and preferred equity capital providers nationwide. The program organizes available capital according to the providers' preferred property type, geography, leverage level, term, type of security required, and other differentiating factors.
Equity Financing
Clients in need of a joint venture partner to meet required capital needs will find that Remington provides significant added value by advising on all components of a project's capital structure. Our approach in adding value to equity financing is four-fold:
1. We come to thoroughly understand the underlying asset and the business plan the client intends to implement.
2. We analyze all elements of the transaction and underwrite it based on real-time knowledge of the dynamic capital markets.
3. Our experience as a passive equity investor allows us to negotiate on behalf of clients the most favorable terms available, based on the risk profile of the transaction.
4. Our network of active institutional and high net worth investors is unparalleled in the industry.
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. is a leading investment banking firm looking to finance projects between $500k and $1B.
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