Remington Financial Group, Inc. - Has Access to Capital in India
Remington Financial Group has forged a solid reputation as an investment banking company. Since 1993, Remington Financial Group has secured capital and offered financial services to business, real estate and development/construction projects worldwide.
Remington Financial Group's services include origination, evaluation, structuring and preparation of finance packages, negotiation assistance, and placement coordination along with closings. Internationally, Remington Financial Group generally handles transactions over $5 million, though projects have run into the tens of millions.
Remington Financial Group employs a distinctive, highly disciplined transaction method that differs from most conventional processes. Each transaction is expertly customized to help clients gain maximum benefit from Remington Financial Group's unique brand of integrated financing.
Remington Financial Group's track record of successful transactions includes real estate, land development, hotels and resorts, and corporate transactions, all of which serve to demonstrate the effectiveness of the Remington approach.
Remington Financial Group has experience with international deals, as well. With our track record of financing construction, real estate and development projects across the United States, along with the demand for commercial financing and increasing investment opportunities available, we have extended our presence to India.
Some examples of Remington Financial Group's successful projects outside of the U.S. include $9.5 million in financing for the construction of luxury condos in Costa Rica and $1.2 million for the purchase of an apartment complex in Canada - both at 85% loan to cost. Our Sonora, Mexico office managed a $15-million land financing project, which we secured for the development of a planned 600-unit residential community in Baja California Sur. In the same state, a Remington investor provided $40 million in land acquisition and development financing. We also arranged for $16 million to be supplied via a Remington investor to acquire and develop a luxury hotel in Sonora.
Remington Financial Group, Inc. - Real Estate in India
Reliable estimates indicate that real estate in India is a $12 billion dollar a year industry that has enjoyed a growth rate of about 30% per year over the last decade or so.
This trend looks to continue apace into the foreseeable future, with major hoteliers developing properties, and major investment firms looking to tap into the travel and tourism industry boom.
Nearly 80% of the real estate market in India is made up of residential properties, with the rest spread out among offices, shopping malls, hotels, hospitals, and the like.
Off-shoring business, including high-end technology consulting, call centers and software programming houses have formed the bulk of this double-digit growth, and for the 2003-04 fiscal year occupied over 10 million square feet of real estate development.
Each Indian rupee invested in housing construction adds INR 0.78 to the gross domestic product. The real estate sector is also contributes to the development of over 250 other auxiliary industries. The rating agency ICRA has conducted a study that ranks construction industry 3rd among the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy.
At the moment, a number of factors make Indian Real estate a favorable investment. The Indian government has begun to move at a rapid pace to improve the country's infrastructure.
Real estate companies that can successfully maximize their own performance and operational efficiency will be poised to reap the benefits of the double-digit growth within the markets.
The real estate sector is one of the largest employment generators in India, second only to agriculture. India's foreign direct investment is at an all time high and exceeds all other neighboring countries. Additionally, India's stable political climate makes it a better target for long-term investment than many of its neighbors.
Major institutional investors like AMB, Hines, ING, JP Morgan, Merrill Lynch, and Prudential have already made considerable commitments in Indian real estate.
U.S. buyers continue to be confident in buying Indian real estate since Indian properties continue to be a much better value than comparable properties abroad. Also, property taxes are very low in comparison to the US and Canada, and growth rates are unbeatable.
Remington Financial Group, Inc. - Why You Should Invest in India.
India is experiencing one of the strongest and enduring periods of economic growth and prosperity in the history of the financial markets. Their growth looks to continue unabated well into the next decade. Among the most attractive features for investing in India are numerous long-term investment opportunities that offer strong potential returns with limited downside risk. An influx of foreign capital has fueled a burgeoning middle class and increased land development.
Remington Financial Group, Inc. - Closings
$3.5 MM - 128 Room Hotel, Bridge Loan
$136 MM - 570 Room Hotel, Construction Financing, 90% LTC - IL
$11 MM - Hotel Refinance 1st Mortgage Permanent Financing - CO
$48 MM - Hotel / Office, Acquisition / Renovation 80%LTC - MD
$7 MM - Hotel Acquisition, Acquisition Financing - MD
$19.5 MM - Hotel Resort & Casino, Senior / Subordinate Financing - NV
$40 MM - 6 Hotel Properties, Acquisition Financing - 6 East Coast Cities
$56.5 MM - Hotel, Debt / Mezzanine Financing - FL
$58 MM - 2200 Key Hotel Portfolio, Debt / Mezzanine Financing - FL
Remington Financial Group, Inc. - Hospitality Financing
The hotel business can present tough challenges for borrowers and lenders alike. It is not uncommon for hotels to require large amounts of capital for renovations, upgrades or expansions, while facing crucial downtime to fully implement those projects. Downtime in the hotel business often translates into lost or reduced revenues, which can impact the ability of a hotel property to secure financing in a timely fashion, or under favorable terms.
Remington Financial (RFG), a firm that specializes in commercial real estate investment, is a friend to the hospitality industry. Remington has a strong history of providing timely financing under favorable terms to hotels with challenging financing considerations.
Remington Financial Group has been at the vanguard in helping borrowers within the hospitality industry meet their needs by securing the financing for projects that are simply too risky or challenging for conventional lenders. Remington has been crucial in bringing financing to challenging projects across the United States. Some examples include:
RFG was the force behind securing nearly $6.5 million in acquisition and mezzanine financing for a 150-room hotel in Massachusetts owned by one of the leading hotel companies in the world.
Remington Financial Group helped a hotel brand with more than 1,300 locations throughout the United States, Canada, and Latin America secure $7 million in acquisition financing of two full-service hotels in Georgia.
A Las Vegas-based hotel and casino turned to Remington to procure acceptable terms on a $19 million bridge and mezzanine financing.
A 130-room New York hotel that is owned by one of the premier hospitality brands in the world found that RFG was the one who met its needs for the delivery of $13 million in construction financing for a much desired project.
When a full-service, 375-room hotel in Georgia that is owned by a brand known by travelers worldwide needed $22 million in floating rate acquisition financing, they turned to Remington Financial Group to get them the terms they needed.
When a real estate investment trust (REIT) and owner of nationally franchised mid-scale and upscale hotels needed to secure $23.5 million in permanent financing, only Remington could fund the loan under terms the REIT could happily accept.
For the $40 million in portfolio acquisition financing for its properties in Massachusetts, Washington D.C., Maryland, and New York, a large hotel investment company turned to RFG to secure the financing on time and under favorable terms.
To arrange for $56 million in recapitalization and mortgage refinancing for a portfolio of four hotels in Orlando, Florida, one of the world's top hotel companies turned to Remington Financial Group to provide the financing in a timely manner under terms that were agreeable.
When a major casino and resort hotel in Las Vegas, Nevada needed $19.5 million in senior and subordinate financing, it was Remington that delivered a finance package that the casino owners found both timely and acceptable.
Remington Financial Group, Inc. - (RFG) - Hospitality Closings List
Remington Financial (RFG) knows that downtime is the enemy in the hospitality industry. That's why the firm, which specializes in commercial real estate investment, is a friend to the hospitality industry. Remington has a strong history of providing timely financing under favorable terms to hotels with challenging financing considerations.
$3.5 MM - 128 Room Hotel, Bridge Loan
$136 MM - 570 Room Hotel, Construction Financing, 90% LTC - IL
$11 MM - Hotel Refinance 1st Mortgage Permanent Financing - CO
$48 MM - Hotel / Office, Acquisition / Renovation 80%LTC - MD
$7 MM - Hotel Acquisition, Acquisition Financing - MD
$19.5 MM - Hotel Resort & Casino, Senior / Subordinate Financing - NV
$40 MM - 6 Hotel Properties, Acquisition Financing - 6 East Coast Cities
$56.5 MM - Hotel, Debt / Mezzanine Financing - FL
$58 MM - 2200 Key Hotel Portfolio, Debt / Mezzanine Financing - FL
$1 MM - Hotel Suites, Bridge Financing - NV
$48 MM - 196 Key Hotel / Office, Acquisition / Renovation Financing, 80% LTC - MD
$12.5 MM - Hotel, Permanent Financing - GA
$23.5 MM - 800 Key Hospitality Portfolio, Permanent Financing - PA
$62.6 MM - Hotel, Acquisition / Redevelopment Financing - IL
$17.6 MM - Hotel, Construction Financing - NJ
$7 MM - 2 Full-service Hotels, Acquisition Financing - GA
$13 MM - 130 Key, Construction Financing - NY
$4.5 MM - Hotel, Bankruptcy Reorganization Financing - MO
$12 MM - Hotel, Permanent Financing - VT
$7.5 MM - Hotel Acquisition, Acquisition Financing - CT
$19 MM - Hotel, Bridge / Mezzanine Financing - NV
$4.5 MM - Hotel, Acquisition / Redevelopment Financing - MO
$6.4 MM - 130 Room Resort, Acquisition / Mezzanine Financing - MA
$7.8 MM - Hotel Construction, Construction Financing, 80% LTC
$130 MM - Luxury Hotel, Construction Financing, 90% LTC
$7.4 MM - Hotel, Acquisition / Redevelopment Financing
$22 MM - 375 Key Hotel, Floating Rate Acquisition - GA
$5.5 Million - Branded Hotel, Non-recourse Permanent Financing - VT
About Remington Financial Group, Inc.
For the past 16 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 Advisory Services
RFG's expertise and market knowledge can help revitalize existing deals that may be at risk. Our firm's Advisory Services, as well as our comprehensive Financing Programs including origination, evaluation, transaction structuring, preparation and underwriting, negotiations and coordination of placement and closing processes.
Remington Financial Group's expert Advisory Services help clients carefully review and redesign transactions that may have existing financing challenges. RFG's team develops advanced strategies to create new and alternative financing opportunities that can help supplement or replace conventional lending sources.
Remington's borrowers gain the advantage of a comprehensive perspective from which to choose the widest range of financing products available because of the firm's access to the latest and most competitive capital sources on the market.
Remington Financial Group can also make introductions to capital sources that can meet the unique demands of specialty and challenging transactions. Companies that are currently restructuring or emerging from bankruptcy and are in need of recapitalization, or considering expansion through leveraged acquisition, will greatly benefit from our experience and insightful guidance through complex transactions.
Remington Financial Group, Inc. - Financing Programs
Senior Debt/Equity Financing
Mezzanine/Bridge Loan Financing
Joint Venture Financing
Multifamily
Remington Arranges
Specialized Financing For:
Remington Financial Group, Inc. - Recent Closings
$62.6 MM - Hotel, Acquisition / Redevelopment Financing - IL
$17.6 MM - Hotel, Construction Financing - NJ
$7 MM - 2 Full-service Hotels, Acquisition Financing - GA
$13 MM - 130 Key, Construction Financing - NY
$4.5 MM - Hotel, Bankruptcy Reorganization Financing - MO
$12 MM - Hotel, Permanent Financing - VT
$7.5 MM - Hotel Acquisition, Acquisition Financing - CT
$19 MM - Hotel, Bridge / Mezzanine Financing - NV
$4.5 MM - Hotel, Acquisition / Redevelopment Financing - MO
$6.4 MM - 130 Room Resort, Acquisition / Mezzanine Financing - MA
$7.8 MM - Hotel Construction, Construction Financing, 80% LTC
$130 MM - Luxury Hotel, Construction Financing, 90% LTC
$7.4 MM - Hotel, Acquisition / Redevelopment Financing
$22 MM - 375 Key Hotel, Floating Rate Acquisition - GA
$5.5 MM - Branded Hotel, Non-recourse Permanent Financing - VT
About Remington Financial Group of Mexico
Since 1993, RFG has provided capital and financial services to business owners, real estate owners and developers/builders around the globe, with services including originating, evaluating, structuring, preparing financing request packages, and assisting with negotiation and coordination of placement and the closing process.
Focusing primarily on transactions from $1 million and up, RFG has employed a unique, highly disciplined transaction process that is different from many conventional approaches. Each transaction is customized to help our clients benefit from our distinctive brand of integrated financing. RFG's track record of completed transactions - including real estate, hotel/resort, land development, and corporate transactions - is proof of our distinctive approach.
RFG is versed in international deals, as well. Because of the demand for commercial financing and the incredible investment opportunities to be had, RFG has extended its growth, in particular, to Mexico. In addition to its Philadelphia and Arizona offices, RFG now has an office in Sonora, Mexico. Some examples of recent projects managed by our Sonora office include:
Baja California Sur - RFG arranged $15 million in financing for a 600-unit planned residential land development community
Baja California Sur - An RFG investor provided $40 million in land acquisition and development financing
Sonora - An RFG investor provided $16 million to acquire and develop a luxury hotel.
Remington Financial Group, Inc. - Why You Should Invest in Mexico
There are many reasons Remington Financial Group (RFG) has extended its growth to Mexico. Among these is the proliferation of opportunities for potentially very rewarding long-term investment opportunity with limited risk. For comparable product types, cap rates in Mexico are approximately 200 to 400 basis points above U.S. cap rates. With its increased gross domestic product (GDP) per capita, vibrant economy, and the strength of the peso, investing in Mexico has never looked better. The country's foreign direct investment is at an all-time high. Additionally, Mexico's political climate is more open to investment than ever before. Changes in foreign investment laws, as well as the institutionalization of properties by U.S. Title Insurance companies, are two reasons for increased confidence among foreign investors. Institutions like AMB, Hines, ING, JP Morgan, ProLogis, and Prudential have already made considerable commitments in Mexican real estate.
U.S. buyers continue to be encouraged to buy Mexican real estate, since Mexican properties continue to be much cheaper than those in the U.S. Also, property taxes are very low in comparison to the U.S. and Canada. Homebuyers in San Diego, California or Phoenix, Arizona, for example, are more frequently being pushed south, where real estate is more affordable than it is stateside.
Real estate investment opportunities also abound surrounding tourism. Approximately 300,000 to 500,000 Americans and Canadians take extended vacations of over four months, which translates well for very profitable weekly rental properties. The allure of beachfront vistas, vacation homes, and retirement villas are among the many reasons that over 1.5 million Americans now own property in Mexico.
The property market is booming. Although the sale of single-family second homes continues to rise in the U.S., baby boomers are traveling and looking to spend their wealth in locales outside of their home country. As the richest generation in the history of the world, baby boomers are purchasing real estate abroad, with wealth from the economic boom of the ‘90s.
Remington Financial Group, Inc. - Closings
$48 MM - 196 Key Hotel / Office, Acquisition / Renovation Financing,
80% LTC - MD
$12.5 MM - Hotel, Permanent Financing - GA
$23.5 MM - 800 Key Hospitality Portfolio, Permanent Financing - PA
$62.6 MM - Hotel, Acquisition / Redevelopment Financing - IL
$17.6 MM - Hotel, Construction Financing - NJ
$7 MM - 2 Full-service Hotels, Acquisition Financing - GA
$13 MM - 130 Key, Construction Financing - NY
$4.5 MM - Hotel, Bankruptcy Reorganization Financing - MO
$12 MM - Hotel, Permanent Financing - VT
$7.5 MM - Hotel Acquisition, Acquisition Financing - CT
$19 MM - Hotel, Bridge / Mezzanine Financing - NV
$4.5 MM - Hotel, Acquisition / Redevelopment Financing - MO
$6.4 MM - 130 Room Resort, Acquisition / Mezzanine Financing - MA
$7.8 MM - Hotel Construction, Construction Financing, 80% LTC
$130 MM - Luxury Hotel, Construction Financing, 90% LTC
About Remington Financial Group, Inc.
Remington Financial Group (RFG), a veteran investment banking firm, secures financing of $500k and up for commercial real estate projects. RFG has a track record of delivering money for slightly unconventional developments or properties. The company can look past a property's immediate problems and help owners realize the full profit potential on their investments.
RFG is known for securing financing on extremely complex deals with incredibly fast turnaround times. The company was founded in 1993, and over the past 16 years, has grown because of its quick understanding of a client's financing objectives and its ability to move quickly with its lenders. In 2007, RFG closed more than $1 billion in client transactions, and the company in on track to exceed that figure for 2008.
Remington Financial Group is an entrepreneurial organization, and, although it is open to financing higher-risk projects, it usually requires developers or builders to have at least three years' experience. RFG also prefers to invest in projects located in strong markets, where sell-out or stabilization may occur within two years.
RFG's other financial solutions include second mortgages, mezzanine financing, bridge loans and long-term B-paper loans. RFG also finances many joint venture (JV) projects. Typically, RFG provides JV financing for condo developments and hospitality industry properties. The company can provide up to 100 percent financing on joint ventures on all types of properties. The loan to sell out value ratio ideally should not exceed 80 percent.
Remington Financial Group, Inc. - What is a Joint Venture (J/V)?
A joint venture is a partnership between a company that has a project and an investor. The company supplies the deal and the management investor supplies the money. The percentages of ownership are negotiable.
Remington Financial Group, Inc. - Testimonials
When dealing with financial transactions, you need a company that has a proven track record, cares about their clients and understands the importance of each project. RFG not only possess these traits, they also provide many other attributes that make their organization one of the best in the business. I look forward to long and successful relationship with RFG.
- B. Owens
Because of its expertise with alternative financing, RFG is the only group that will look at certain projects - it doesn't shy away from challenging deals. I work with programs that no one else can work with and I can't do that without a company like RFG
- J. Couch
I was attracted to RFG because the company is fairly aggressive when it comes to making a deal, and it has a good history of recent closes. The people at RFG are responsive and return my email or phone messages immediately. The originators go out of out of their way to answer not only my questions, but questions directly from my clients. Remington's LOI and due diligence policies are spelled right out - there is no confusion. If the client can meet the requirements and has a good deal planned, securing funding through RFG should be no problem.
- C. Hanley
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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