Joel Nathanson

Remington Financial Group, Inc. - Corporate Financing Options

Remington Financial Group (RFG), a veteran investment banking firm, secures financing of $1 million 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 15 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. - Loan Process

1. Submit Business Plan / Executive Summary

2. Pre-qualification determination process - project is reviewed and evaluated
resulting in:

- the project being accepted
- proposed revisions being issued for the project
- the project being declined

3. Lender / Investor conceptual interest is obtained along with projected terms
and the propsal is issued

4. Due-Diligence document checklist of typically requested data is prepared and
sent to client

5. Analysis of all documents, preparation and packaging of the data for
submission to designated lender/investor; formal due-diligence commences

6. Term Sheet/Conditional Commitment and/or Firm Commitment issued

7. After Term Sheet/Conditional Commitment and/or Firm Commitment are
accepted, a site visit and market analysis will commence

8. Closing / Capitalization / Funding

Remington Financial Group, Inc. - Recent Retail Closings

$22 MM - Retail Center, Acquisition Financing - LA

$6 MM- Retail Center, Acquisition Financing

$11.5 MM - Retail Center, Permanent Refinance - FL

$9 MM - Retail Center, Bridge Financing - MD

$5.6 MM - Retail Center, Permanent Financing - PA

$4.7 MM - Retail/Office Building, Refinance - PA

$5.2 MM- Retail Center, Acquisition Financing - IN

$1.75 MM- Retail Center, Acquisition Financing - TX

$5.6 MM - Retail Center, Refinance - PA

$2.2 MM - Retail Center, 1st Mortgage Permanent Financing, Acquisition Financing

$4 MM - Fully Occupied Retail Center, 1st Mortgage Refinance, Permanent Mortgage

Learn more about <a href="http://www.remingtonfg.com">commercial hard money</a> at Remington Financial Group.

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 - Corporate 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 (RFG) - 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

Learn more at <a href="http://www.remingtonfg.com">Remington Financial Group</a>

Remington Financial Group, Inc. - How Hard Money Works.

Remington Financial Group is equipped to handle the expedited closings of 30 days or less, which makes it unique in the lending space. Our firm does it by preparing all of the necessary underwriting resources (attorneys, appraisers, etc.) to review and approve a loan very quickly.

RFG employs a lower loan to value ratio than a traditional lender might, which allows the firm to recover its investment should the need arise.

Also, Remington often times skips traditional underwriting steps, such as evaluating a borrower's credit rating or examining his experience level, as a means to progress the loan more quickly. We require a water tight appraisal of the property that ensures RFG can tolerate the high risk.

Also, RFG will always require an appropriate exit strategy. If a borrower can not share how the loan will be repaid, in reasonable terms, we will not make the deal. Remington Financial Group has no interest in taking possession of a property and does not view foreclosure as a suitable exit strategy, but we can work with you to identify an appropriate strategy.

Remington Financial Group, Inc. - Benefits of Hard Money to a Commercial Broker

In the course of a commercial broker's career, the need for a hard money loan will most definitely arise. By forging a solid relationship with a hard money source, a broker has a resource to serve clients in need of a fast-closing loan. Keep in mind, too, that Remington Financial Group values brokers and is broker friendly.

Remington Financial Group - Loan Process

1. Submit Business Plan / Executive Summary
2. Pre-qualification determination process - project is reviewed and evaluated resulting in:
   • the project being accepted
   • proposed revisions being issued for the project
   • the project being declined
3. Lender / Investor conceptual interest is obtained along with projected terms and the proposal is issued
4. Due-Diligence document checklist of typically requested data is prepared and sent to client
5. Analysis of all documents, preparation and packaging of the data for submission to designated lender/investor;
   formal due-diligence commences
6. Term Sheet/Conditional Commitment and/or Firm Commitment issued
7. After Term Sheet/Conditional Commitment and/or Firm Commitment are accepted, a site visit and market analysis will commence
8. Closing | Capitalization | Funding

Remington Financial Group, Inc. - Providing Clients Access to Hard Money Financing

Since 1993, Remington Financial Group, Inc. (RFG) 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 Would a Client/Broker Need Hard Money?

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.

To 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 - Recent Transactions

$17.1 MM - Student Housing Complex, Bridge Financing - KY

$15.4 - 6 Rehabilitation Centers, Permanent Financing - Various Locations, PA

$7.5 MM - 10 Plex Movie Theater & Retail Plaza, Acquisition Financing - FL

$3.3 MM - Credit Tenant Ground Lease - PA

$1.1 MM - Mobile Home Park, Acquisition Financing, 80% LTC

$12 MM - Raw Land, Refinance, 40% LTV

$7.6 MM - Assisted Living Facility, Senior Construction Financing - IL

$23 MM - Assisted Living Community, Construction Financing - IL

How Remington Financial Group is Different

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 Case Study - Sale/Leaseback Financing: $9.4 Million for

A 40-year old, New Jersey-based manufacturer engaged Remington to restructure its existing defaulted financing and recapitalize the company's operations. The company, which included a 90,000 square foot office/manufacturing facility, had a long track record of generating profits. Three years ago it found itself in a precarious financial position after losing several top customers to competitors. The situation meant that the company ultimately put its bank financing in default.

RFG provided the company with a full range of financing options to correct its problems. Moving quickly to solve several problems at once, the sale leaseback option was chosen. By selling its real estate to one of RFG's investors, the company received 100 percent of the building's market value, engineered a favorable long term lease that was less costly than its original debt service and provided capital to fund company initiatives to rebuild its business while simultaneously reducing its taxable exposure. The company has retained RFG as its outsourced finance department to arrange additional asset based financing as it re-establishes profitability.