Joel Nathanson's Blog

Remington Financial Group, Inc. - Has Equity Capital Available

Joel Nathanson — Thu, 01 Apr 2010 09:33:15 -0700

About Remington Financial Group, Inc.

Remington has built a successful track record of closing the most challenging debt, mezzanine, bridge, and equity capital transactions since 1993. Our firm has strong connections to hundreds of actively funding sources across the capital stack. We develop and execute financial structures that turn problematic transactions into closings.

Equity financing is an important option for Remington clients to consider as they explore the gamut of funding solutions available. When it comes to equity investment, the experience and knowledge of Remington professionals is unmatched in the industry, which is why Remington professionals often are called upon to identify appropriate equity partners for clients seeking equity assistance.

Remington Financial Group - About Equity Capital

At Remington, our Structured Finance Group approaches equity financing in the same way we do for each and every transaction across the capital stack. Our financing experts become, in a sense, an extension of the client. As such, we come to fully understand the client's overall business plan and contribute to it in significant ways, providing comprehensive transaction analysis and advice based on a real-time assessment of the capital markets. The result is the appropriate capital structure involving the right equity partners as determined by client needs and market possibilities.

Remington Financial Group - Understanding the Capital Stack

What is the capital stack? It is the total mix of capital invested in a project, including pure debt, hybrid debt, and equity. The higher the investment appears in the stack, the greater the risk for that investment. The lower the placement, the less the risk. As a consequence, higher stack positions expect greater returns on the capital invested because of the higher risk involved.

Remington Financial Group, Inc. - Plans Bridge Loan Financing Fund

Joel Nathanson — Wed, 24 Mar 2010 08:55:01 -0700

Remington Financial Group, Inc. - Plans a Fund for Bridge Loans

"Your best access to commercial capital" is more than just a slogan at Remington Financial Group. It's a reality! Not only does Remington provide the best access to commercial capital through its global network of 400 active lenders and investors, Remington hopes to become an integral part of that network by forming a joint venture company to raise a $200 million bridge loan financing fund.

And that is good news for commercial real estate brokers and their clients, especially those in need of short-term financing that "bridges" the gap between funds needed now and when long-term financing becomes available.

To help close that gap, Remington has joined forces with Black Hawk Capital Managers to form Secured Capital Income Fund LP (SCIF). Currently raising institutional interest in SCIF is Secured Opportunity Management, LLC, a joint venture company created by Remington and Black Hawk to manage the planned bridge loan financing fund. Black Hawk is a restructuring and bridge loan specialist with over $1.5 billion in commercial transactions since 1995.

When active, SCIF is expected to be a bridge loan financing fund with a powerful origination capability. Right off the bat, it will have the capability of identifying the bridge loan needs of all the loan originations transacted not only by Remington but also by Black Hawk. For Remington brokers and their clients, that is good news, indeed, since about 20% of the 400 loan originations transacted annually by our financing specialists require bridge loan financing.

As Remington Chairman Andy Bogdanoff sees it, the formation of SCIF represents "an exciting expansion of Remington's business plan and a reflection of the dedication our company has to providing the best access to commercial capital for brokers and their clients nationwide."

So if there's a financing gap in your future, Remington can help you close it. Give me a call and let's talk about it.

Remington Financial Group - Additional Financing Programs

Senior Debt

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction Loans, Construction to Permanent, Rehabilitation, Bridge Loans, Refinance

Mezzanine Debt

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Aggregate Leverage up to 85%
Acquisition, Development, Construction Loans, Construction to Permanent, Rehabilitation, Bridge Loans, Refinance

Preferred Equity

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction Loans, Construction to Permanent, Rehabilitation, Bridge Loans, Refinance

Equity

All Property Types and Corporate Purposes
$500,000 minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction Loans, Construction to Permanent, Rehabilitation, Bridge Loans, Refinance

Joint Venture Financing

All Property Types and Corporate Purposes
$500,000 minimum in the US and $5,000,000 Internationally
Active Investment
Acquisition, Development, Construction Loans, Construction to Permanent, Rehabilitation, Bridge Loans, Refinance

Remington Arranges Specialized Financing For The Following Property Types and Business Purposes:

Land
Industrial
Multifamily
Office
Retail
Mixed Use
Hospitality
Medical Office
Healthcare Facilities
Senior Housing
Student Housing
Special Purpose
Restaurant
Self Storage
Manufactured Home Parks
Business Working Capital
Business Investment Capital
Entertainment & Multimedia
Franchises
Bridge Loans
Business Loans without Real Estate
Hard Money

Remington Financial Group, Inc. - Has New Mezzanine Financing Available

Joel Nathanson — Thu, 11 Mar 2010 09:51:30 -0800

About Remington Financial Group, Inc.

Remington Financial Group offers commercial clients an extensive network of private and public capital sources to help increase creative financing options - dramatically improving close rates for specialized funding and unique financing ventures. In the area of mezzanine financing, Remington delivers expertise and competitive transaction options, especially in today's challenging market conditions.

Remington Financial Group - What is Mezzanine Financing?

It is not uncommon for commercial real estate owners to structure a financing transaction with multiple layers of capital, each with a different risk-reward calculation. The professionals at Remington Financial Group have extensive expertise in all aspects of commercial financing, having handled over the years billions of dollars in corporate and real estate transactions involving all types of property across the capital stack.

For those commercial real estate and other businesses looking to add debt rather than equity when senior debt is maxed out near 70% LTV, borrowers may want to consider mezzanine financing. One of the uses of mezzanine debt is to add as much leverage as possible by increasing LTV to about 75-90%. It is also common for real estate developers to secure mezzanine loans when supplemental financing is needed.

By definition, mezzanine financing fills the gap between equity and senior debt in the capital stack and is subordinated to the senior. Sources of mezzanine debt include pension funds, insurance companies, other financial institutions, state agencies, and mezzanine debt funds.

Because mezzanine debt is considered riskier than senior debt with respect to collateral and cash flow rights, lenders of mezzanine loans tend to make their lending decisions based on the predictability of cash flow in excess of that required to service senior debt. In addition, lenders offering mezzanine debt frequently require an equity kicker above and beyond the higher interest income usually received to compensate for the added risk.

The maturity of typical mezzanine loans tends to range from three to five years, with principal payments commonly deferred until senior debt is retired. And while, by its nature, mezzanine financing has no hard and fast terms or structures, there are a few terms commonly used in commercial real estate transactions. The most common type used with stabilized properties is straight debt, where the lender receives no equity and has no management participation. On the other hand, when looking to increase LTV to 90%, borrowers may have to give up some cash flow equity and upside potential to lenders through the use of a participating note.

Because of the complexity of terms, costs and suitability of mezzanine and other forms of financing, real estate owners, developers and brokers across the country have come to rely on the experts at Remington Financial Group for their expert advisory services and ready access to its well-funded global network of capital sources. Whatever financing may be required, the professionals at Remington can help secure it.

Remington Financial Group - Testimonial

"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

Remington Financial Group, Inc. - Has Commercial Financing Solutions

Joel Nathanson — Thu, 04 Mar 2010 09:53:20 -0800

Remington Financial Group, Inc. - Distressed Owner Recapitalization Program

Remington Financial Group has several financing programs for commercial real estate brokers working with property owners. One is the Distressed Owner Recapitalization (DOR) Program, which was inspired by Andy Bogdanoff, Chairman of Remington. Andy Bogdanoff has been in the financial services industry for 35 years and founded Remington Financial Group in 1993.

For owners and brokers unable to refinance loans, Remington can tie together our expert capital advisory services with access to hundreds of active private funding sources ready, willing, and able to recapitalize troubled commercial real estate assets across the capital stack.

An example recipient of funding arranged by Remington was an RV park that required property upgrades in order to reverse declining sales. Acting as financial adviser, Remington restructured the distressed owner's business plan in such a way that he could successfully tap into our extensive network of private lenders and investors. Instead of having to sell or declare bankruptcy, the owner secured a loan to stay in business.

Remington Financial Group, Inc. - Details About the DOR Program

While much of the commentary in the commercial real estate industry today focuses on investor opportunities to acquire distressed debt, the Distressed Owner Recapitalization (DOR) Program by Remington Financial Group focuses on helping troubled owners and developers. The Capital Markets and Structured Finance groups at Remington are offering solutions every day to the ongoing liquidity crisis by providing access to more active funding sources across the capital stack. When better access to active funding sources is combined with expert advisory services, the DOR Program will positively impact owner recapitalization.

For experienced owners of existing income-producing properties looking to refinance, the program by Remington offers access to investors that will purchase the note from the bank at a discount. Owners will continue to make the original payments to the new investor and participate in the up side when values increase.

In those instances where the bank won't discount the note for the income-producing property, Remington has access to investors that will recapitalize it. They will provide the equity and/or mezzanine financing required to secure new senior debt of 50-65% LTV. Owners will participate in the upside once the market improves.

For experienced developers of partially completed projects that need capital to finish and operate the property, Remington has access to investors that will purchase the note from the bank at a discount, allowing the developer to complete the project and operate the property. The developer will continue to make the original payments to the new investor and participate in the upside when property values increase.

In those instances where the bank won't discount the note for partially completed projects, Remington has access to investors that will recapitalize the project through completion, providing the equity, mezzanine financing, and/or senior debt to payoff the existing construction loan. The developer participates in the upside once the market improves.

Remington Finanical Group - Available Financing Programs

Senior Debt

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction Loans, Construction to Permanent, Rehabilitation, Bridge Loans, Refinance

Mezzanine Debt

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Aggregate Leverage up to 85%
Acquisition, Development, Construction Loans, Construction to Permanent, Rehabilitation, Bridge Loans, Refinance

Preferred Equity

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction Loans, Construction to Permanent, Rehabilitation, Bridge Loans, Refinance

Equity

All Property Types and Corporate Purposes
$500,000 minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction Loans, Construction to Permanent, Rehabilitation, Bridge Loans, Refinance

Joint Venture Financing

All Property Types and Corporate Purposes
$500,000 minimum in the US and $5,000,000 Internationally
Active Investment
Acquisition, Development, Construction Loans, Construction to Permanent, Rehabilitation, Bridge Loans, Refinance

Remington Arranges Specialized Financing For The Following Property Types and Business Purposes:

Land
Industrial
Multifamily
Office
Retail
Mixed Use
Hospitality
Medical Office
Healthcare Facilities
Senior Housing
Student Housing
Special Purpose
Restaurant
Self Storage
Manufactured Home Parks
Business Working Capital
Business Investment Capital
Entertainment & Multimedia
Franchises
Bridge Loans
Business Loans without Real Estate
Hard Money

Remington Financial Group, Inc. - Provides Clients Financial Expertise in a Challenging Market

Joel Nathanson — Tue, 16 Feb 2010 09:16:49 -0800

Remington Financial Group, Inc. - Provides Expert Advisory Services

Remington Financial Group's Key to successfully closing even the most complex and challenging commercial financing transactions can be summarized as follows:

Knowledge of the market.
Experience in solving even the most problematic projects.
Creativity in restructuring transactions.
Ready access to hundreds of active capital sources.
Commitment to pull it all together.

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:

Currently restructuring.
Emerging from bankruptcy.
Needing recapitalization.
Considering leveraged acquisitions.
On a tight timeline to access capital.

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.

Remington Financial Group - Has Access to Capital Through Our Capital Markets Group

What distinguishes Remington Financial Group from others in the financial services field is the dedicated staff of our unique Capital Markets Group and the extraordinary access it provides to all types of commercial capital.

Access to available capital has been the hallmark of Remington since 1993. It is key to the successful track record Remington has established over the years, providing hundreds of commercial real estate brokers and their clients with billions of dollars in financing for even the most challenging debt, mezzanine and equity transactions.

Responsible for identifying, nurturing and expanding our global network of lenders and investors, the Capital Markets Group searches the world over, day in and day out, for new and active sources of commercial capital. As a result, these market specialists have amassed solid relationships with nearly 400 lenders and investors ready, willing and able to deploy available capital for viable CRE projects requiring minimum U.S. loan amounts of $500,000 and $5 million from sources abroad.

Staffed by specialists with impressive backgrounds in venture capital, CRE lending, institutional investment consulting and other financial services, Remington Capital Markets Group is uniquely equipped to provide CRE brokers and their clients with the best possible financing opportunities available in the market today.

In addition to building and enhancing the Remington global network of lenders and investors, the Capital Markets Group is also responsible for managing special projects, including the Secured Capital Income Fund LP, a joint venture company recently-established to provide Remington Financial Group with a planned entry into the capital markets initially through bridge loan financing.

Remington Financial Group, Inc. - Has Access to Construction Financing

Joel Nathanson — Tue, 09 Feb 2010 08:33:53 -0800

Remington Financial Group, Inc. - Construction Loans

Remington Financial Group offers clients an extensive network of private and public capital sources. Our team of experts increases financing options - dramatically improving close rates for specialized funding and unique financing ventures. In construction financing, Remington delivers expertise and experience to deliver competitive transaction options, especially in today's challenging market conditions.

Remington has built a successful track record of closing the most challenging debt, mezzanine, construction, bridge, and equity capital transactions since 1993. Remington has strong connections to hundreds of active funding sources across the capital stack. We develop and execute financial structures that turn problematic transactions into closings.

Remington Financial Group, Inc. - What is a Construction Loan

A commercial construction loan is a loan used to finance the construction of commercial property, such as office complexes, retail centers, apartments, hotels, warehouses, and other business properties. Construction loans are short-term and meant to be paid off when construction is completed.

While construction loan programs offer differing features, they also have a number of characteristics in common. For example, construction loans generally require interest only payments during construction; terms typically are for 12 to 36 months; most lenders require a 12-month interest reserve; and pay off occurs when a certificate of occupancy is issued.
Because borrowers usually require follow-on financing when a construction loan comes due, lenders sometimes offer construction-to-permanent loan programs that provide construction loans during the building phase and longer-term fixed-rate financing that kicks in upon issuance of the certificate of occupancy. This two-in-one loan process tends to be more convenient and less costly for borrowers in that there is only one loan application and one closing, with associated fees, instead of two.

Because of the complexity of construction loan financing, borrowers may find it difficult to compare construction-to-permanent loan financing with the two-loan process. That's where the experts of Remington Financial Group can help. The combined market-focused expertise of the Structured Finance Group at Remington and our Capital Markets Group, with its global network of public and private capital sources, takes the guess work out of construction lending so that commercial real estate clients are able to secure the best possible interest rates and terms consistent with their objectives and market conditions at the time.

Remington Financial Group - Has Construction Loans for the Following Property Types

Industrial

Multifamily

Office

Retail

Mixed Use

Hospitality

Medical Office

Healthcare Facilities

Senior Housing

Student Housing

Special Purpose

Restaurant

Self Storage

Manufactured Home Parks

Remington Financial Group, Inc. - Has Capital Available for Bridge Loans

Joel Nathanson — Tue, 02 Feb 2010 08:36:28 -0800

Remington Financial Group, Inc. - About Bridge Loans

The bridge loan is a form of financing that "bridges" the gap between funds needed now and when longer-term financing becomes available. It can be a key component in an owner's long-term financing strategy, particularly for those faced with a here-and-now opportunity or other shorter-term situation such as improving or selling a property.

Real estate owners often use a bridge loan to purchase a second property before the sale of the first property closes. Then the proceeds from the sale are used to pay off the bridge loan. This illustrates the important "exit strategy" borrowers must have before an investor makes a bridge loan. In this example, the investor would need to see a signed sales agreement spelling out where, when, and how the bridge loan will be repaid.

Bridge financing almost always needs to be arranged and closed quickly. Such loans tend to be for 6 to 12 months with a possible 12-month extension. They are usually structured as simple interest only loans with no pre-payment penalty and all principal due in full at maturity. Risk to the investor is minimal since the loans are underwritten based on existing equity in the property and the exit strategy is defined.

Because of the owner's need for timeliness, banks and other institutional lenders are not usually effective when it comes to bridge loans. That's why the Capital Markets Group at Remington provides access to investors capable of making on-the-spot decisions. Included among them are hedge funds, private equity groups, mortgage pools and other sources of private capital.

About Remington Financial Group

In the capital services industry, success determines reputation. Since Remington Financial Group was founded in 1993, our financing professionals have handled billions of dollars in commercial lending transactions. Under the leadership of Andy Bogdanoff, an industry expert with more than 35 years experience in commercial real estate financing, Remington has earned a solid reputation for excellent service and dedicated client advocacy among commercial clients, particularly those unable to secure traditional bank financing.

Our ability to reconcile the interests of borrowers and lenders while structuring creative solutions in even the most challenging transactions is what differentiates Remington from other capital services companies. The market-focused financing expertise of Remington professionals stretches across the capital stack and includes virtually all types of commercial real estate and general business property.

Access is the key to client success at Remington.

Access to the unmatched expertise of our Structured Finance Group

Access to our highly regarded global network of private and public sources of capital

Access to equity, mezzanine, and senior debt financing, as well as special-purpose bridge and construction loans in minimum loan amounts of $500,000 in the U.S. and $5 million internationally

Every day we work closely with owners, developers, and lenders, mixing and matching commercial lending options in creative ways that will secure the best possible financing consistent with client objectives and market conditions. Let's discuss your specific situation today.

Remington Financial Group - Recent Testimonial

"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. - Has Refinancing Solutions For Highly Leveraged Transactions

Joel Nathanson — Fri, 29 Jan 2010 09:01:16 -0800

Remington Financial Group, Inc. - Has Financing Options to Recapitalize the Capital Stack

Remington Financial Group - Has a Targeted Program to Help Distressed Owner / Operators

Remington Financial Group - Additional Advisory Services Available

Key to successfully closing even the most complex and challenging commercial financing transactions can be summarized as follows:

Knowledge of the market.
Experience in solving even the most problematic projects.
Creativity in restructuring transactions.
Ready access to hundreds of active capital sources.
Commitment to pull it all together.

Currently restructuring.
Emerging from bankruptcy.
Needing recapitalization.
Considering leveraged acquisitions.
On a tight timeline to access capital.

Remington Financial Group, Inc. - Has Access to Bridge Loans Until Capital Markets Recover

Joel Nathanson — Wed, 20 Jan 2010 09:03:48 -0800

Remington Financial Group, Inc. - Has Access to Bridge Loans

The market-focused expertise of the financing professionals at Remington extends across the capital stack from equity to senior debt, to each type of financing in between. When fast and reliable short-term financing is required, one of the valuable options for commercial real estate owners and developers to consider is the bridge loan.

About Remington Financial Group, Inc.

Since Remington Financial Group was founded in 1993, our financing professionals have handled billions of dollars in commercial lending transactions. Under the leadership of Andy Bogdanoff, an industry expert with more than 35 years experience in commercial real estate financing, Remington has earned a solid reputation for excellent service and dedicated client advocacy among commercial clients, particularly those unable to secure traditional bank financing.

Access is the key to client success at Remington.

· Access to the unmatched expertise of our Structured Finance Group

· Access to our highly regarded global network of private and public sources of capital

• Access to equity, mezzanine, and senior debt financing, as well as special-purpose bridge and construction loans in minimum loan amounts of $500,000 in the U.S. and $5 million internationally

Remington Financial Group, Inc. - Has Access to Senior Financing For Commercial Properties

Joel Nathanson — Tue, 12 Jan 2010 08:05:36 -0800

About Remington Financial Group, Inc.

Remington Financial Group is a leading investment banking firm founded in 1993 by Andy Bogdanoff, an industry expert with over 35 years of experience in commercial real estate financing. Over the years, financing professionals at Remington have handled billions of dollars in commercial lending transactions, earning along the way an enviable reputation for exceptional service and tenacious client advocacy, especially when times are tough and bank credit is tight.

What differentiates Remington from others in the capital services industry is our ability to reconcile the interests of borrowers and lenders while structuring creative financing solutions even in the most challenging transactions. Our capital financing expertise extends across all types of general business and commercial real estate property including industrial, retail, multi-family, mixed-use, healthcare and hospitality.

When clients work with Remington they receive access to the unmatched market-focused expertise of our Structured Finance Group. Equally important is the access provided by the Remington Capital Markets Group to a highly regarded global network of private and public sources of capital. Together these provide business and real estate owners with access to alternative financing sources across the capital stack, including equity financing, mezzanine financing, and senior debt financing, as well as special-purpose bridge financing and construction financing in minimum loan amounts of $500,000 in the U.S. and $5 million internationally.

Each of the capital lending options available to borrowers has its own purpose, function, term, risk, cost, and maturity. We work closely with owners, developers, and lenders to creatively mix and match these commercial lending options in ways that will secure the best possible interest rates and terms consistent with client objectives and market conditions.

Remington Financial Group, Inc. - What is Senior Debt Financing

In general, debt financing involves raising money for business purposes in exchange for promised principal and interest payments. There are multiple types of debt financing available to commercial real estate and business owners from a variety lenders, including banks, pension funds, insurance companies, and other financial institutions. Each type of debt has its own function, terms, risk, cost and maturity. Our job at Remington is to work with both sides of a commercial transaction to creatively mix and match these options with the interests of all the parties in ways that will secure the best possible rates and terms consistent with client needs and market conditions.

In the typical capital structure for commercial real estate, senior debt typically accounts for 50-70% of the capital stack. By definition, senior debt is just that: senior to equity and all other forms of junior debt. Therefore senior debt stands first in line before all other creditors for interest and principal payments and, in the event of liquidation, the repayment of debt.

Most senior debt on commercial real estate is amortized over 15 to 40 years, with interest rates, either fixed or floating. Rates tend to be based on the quality of the collateral involved and the property's historic cash flow, with higher rates tied to the degree of risk involved. Many commercial real estate loans mature in five to ten years, resulting in a balloon payment at the end of the term.

Remington professionals are equally skilled at securing financing across the capital stack for virtually any business purpose, with or without the involvement of real estate, including loans for expansion, working capital, operating capital, and investment capital. By and large, asset-based business loans have lower interest rates than unsecured loans and may be tied to the particular asset being purchased or other assets of the borrower.

The financing experts at Remington Financial Group have the extensive market knowledge, broad expertise, technical resources, and lender relationships required to successfully navigate through the often complex maze of competing interests in the capital finance industry.

Remington Financial Group, Inc. - Types of Senior Debt Financing

Fixed Rate Loans: Fixed rate loans offer borrowers an unchanging rate of interest, with predictable payments for the life of the loan. Because of strong relationships with public and private sources of capital, many opportunities exist for the financing experts at Remington to negotiate with lenders on transaction terms for such loans, particularly interest rates, as well as maturity and prepayment penalties. All of which assures Remington clients of the best possible and lowest cost financing package available.

Floating Rate Loans: Floating rate loans are typically tied to the London Interbank Offered Rate (LIBOR) - plus some point spread over the base rate. Attractive to borrowers with a two to four year financing requirement, floating rate loans are adjusted periodically, have minimum or no prepayment penalties, and cost less than fix rate loans because of the risk of rising interest rates. This type of loan has been particularly popular of late because of the historically low interest rates experienced in recent years. Remington professionals are equally adept at assisting client in securing such short-term financing or employing it as an integral part of a longer-term overall financing strategy.

Construction Loans: Commercial construction loans typically are short-term loans used to finance the cost of building new warehouses, industrial buildings, retail centers, apartment complexes or other properties destined to be sold or rented to others or operated by the owners. These loans tend to be varied, depending on the project, construction time, and borrower's experience. They are meant to be paid off when construction is completed and a certificate of occupancy issued. Borrowers usually require another mortgage to pay off the construction loan when it comes due. Thus the overall process may entail two loan applications with their associated fees and closings - a potentially complex and time-consuming process that the experienced financing professionals at Remington can coordinate, facilitate and expedite.

Bridge Loans: Bridge loans are short-term loans for owners of commercial real estate property that help the borrower "bridge" a critical funding gap while arranging for a more permanent form of financing. Bridge loans tend to be time-sensitive and meant to be funded and paid back rather quickly. Consequently, traditional capital sources are usually not in the mix of potential lenders; they usually take too long to complete transactions. Most if not all bridge loans are made by private sources of capital such as hedge funds, private equity groups, mortgage pools, and other non-bank lenders, such as the wide range of capital sources with whom the Capital Markets Group of Remington has had long and established working relationships.

Remington Financial Group, Inc. - Commercial Financing Programs Available

Joel Nathanson — Tue, 05 Jan 2010 08:29:35 -0800

Remington Financial Group, Inc. - Has Capital Available Across the Capital Stack

Senior Debt

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Mezzanine Debt

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Aggregate Leverage up to 85%
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Preferred Equity

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Equity

All Property Types and Corporate Purposes
$500,000 minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Joint Venture Financing

All Property Types and Corporate Purposes
$500,000 minimum in the US and $5,000,000 Internationally
Active Investment
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Remington Arranges Specialized Financing For The Following Property Types and Business Purposes:

Land
Industrial
Multifamily
Office
Retail
Mixed Use
Hospitality
Medical Office
Healthcare Facilities
Senior Housing
Student Housing
Special Purpose
Restaurant
Self Storage
Manufactured Home Parks
Business Working Capital
Business Investment Capital
Entertainment & Multimedia
Franchises
Bridge Loans
Business Loans without Real Estate
Hard Money

For more information about our programs, click one of the following links (websites will open in a new browser window)

Remington Financial Group, Inc. - Has Expert Advisory Services

Key to successfully closing even the most complex and challenging commercial financing transactions can be summarized as follows:

Knowledge of the market.
Experience in solving even the most problematic projects.
Creativity in restructuring transactions.
Ready access to hundreds of active capital sources.
Commitment to pull it all together.

Currently restructuring.
Emerging from bankruptcy.
Needing recapitalization.
Considering leveraged acquisitions.
On a tight timeline to access capital.

Remington Financial Group, Inc. - Has Access to Commercial Agency Loan Programs

Joel Nathanson — Wed, 23 Dec 2009 09:24:33 -0800

About Remington Financial Group, Inc. - Remington offers an extensive network of private and public capital sources to help increase creative financing options - dramatically improving successful close rates for specialized funding and unique financing ventures. Remington delivers expertise and competitive transaction options even in challenging market conditions.

One very active source of capital in today's challenging market are Agency Loans. I've explained more about these below.

1. U.S. Small Business Administration: The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. The SBA offers numerous loan programs to assist small businesses. It is important to note, however, that the SBA is primarily a guarantor of loans made by private and other institutions and does not offer loans to small businesses.

7(a) loans are the most basic and most used type loan of SBA's business loan programs. Its name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to American small businesses. All 7(a) loans are provided by participating lenders. Not all lenders choose to participate, but most American banks do. There are also some non-bank lenders who participate with SBA in the 7(a) program which expands the availability of lenders making loans under SBA guidelines. 7(a) loans are only available on a partial guaranty basis. The lender and SBA share the risk that a borrower will not be able to repay the loan in full. Under the guaranty concept, commercial lenders (Agency Lenders) make and administer the loans. 7(a) loans may be used for such business purposes as real estate acquisition or expansion, purchase of business, machinery and equipment, furniture and fixtures and working capital

The CDC/504 loan program is a long-term financing tool for economic development within a community. The 504 loan program may be used for such business purposes as real estate acquisition or expansion and purchase of machinery and equipment. A Certified Development Company is a nonprofit corporation set up to contribute to the economic development of its community. CDCs work with the SBA and private-sector lenders to provide financing to small businesses. There are about 270 CDCs nationwide, with each covering a specific geographic area. Typically, a 504 project includes a loan secured with a senior lien from a private-sector lender covering up to 50 percent of the project cost, a loan secured with a junior lien from the CDC (backed by a 100 percent SBA-guaranteed debenture) covering up to 40 percent of the cost, and a contribution of at least 10 percent equity from the small business being helped.

2. United States Department of Agriculture: The mission of the United States Department of Agriculture (USDA) is to increase economic opportunity and improve the quality of life for all rural Americans. USDA Rural Development is working to eliminate substandard housing from rural America by helping rural people buy, build or rent decent housing. They also create jobs by funding the growth and creation of rural businesses and cooperatives. Other Rural Development programs help rural communities build or improve community facilities, such as schools, health clinics and fire stations. To accomplish its mission, USDA Rural Development often works in partnership with state, local and tribal governments, as well as rural businesses, cooperatives and nonprofit agencies. USDA offers loans up to $10 million through its Business and Industry program. These loans may be used for such business purposes as real estate acquisition or expansion, purchase of business, machinery and equipment, furniture and fixtures and working capital. The USDA B&I program bolsters the existing private credit structure through the guarantee of quality loans which will provide lasting community benefits. It is not intended that the guarantee authority will be used for marginal or substandard loans or for relief of lenders having such loans.

3. U.S. Department of Housing and Urban Development (HUD): HUD's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination. HUD offers several programs targeting multifamily and healthcare facilities. Within HUD, the Federal Housing Administration (FHA), provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories (Agency Lenders). FHA insures mortgages for the acquisition, new construction, refinancing or substantial rehabilitation of multifamily housing, including senior and student housing as well as manufactured home communities.

4. Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a stockholder-owned corporation chartered by Congress in 1968 as a government-sponsored enterprise (GSE), but founded in 1938 during the Great Depression. The corporation's purpose is to purchase and securitize mortgages in order to ensure that funds are consistently available to the institutions that lend money to home buyers. FNMA provides multifamily financing for affordable and market-rate rental housing, and operates nationally, in all multifamily markets and under all economic conditions. Eighty-nine percent of the rental housing financed by FNMA lenders is affordable to families at or below the median income of their communities. FNMA provides financing through a nationwide network of Delegated Underwriting and Servicing (DUS®) and other lenders (collectively, Agency Lenders). They also increase the availability of affordable multifamily housing through investments in properties that qualify for federal housing tax credits. Working with nonprofit and for-profit sponsors, FNMA makes funds available for affordable housing through investments in individual properties or groups of properties. FNMA loans may be used for the acquisition, new construction, refinancing or moderate or substantial rehabilitation of multifamily housing, including senior and student housing as well as manufactured home communities.

5. Federal Home Loan Mortgage Corporation (Freddie Mac): In 1970, Congress created Freddie Mac with a few important goals in mind:

Make sure that financial institutions have mortgage money to lend
Make it easier for consumers to afford a decent house or apartment
Stabilize residential mortgage markets in times of financial crisis

To fulfill this mission, Freddie Mac conducts business in the U.S. secondary mortgage market and works with a national network of mortgage lending customers. Freddie Mac provides a full range of competitively priced, reliable mortgage products for the acquisition, new construction, refinancing or moderate or substantial rehabilitation of multifamily housing, including senior and student housing as well as manufactured home communities.

Please see a full list of available programs at http://remingtonfg.com/financial-programs/ .

Remington Financial Group, Inc. - Financing Programs

Joel Nathanson — Tue, 15 Dec 2009 08:48:21 -0800

Remington Financial Group, Inc. - Offers a Variety of Financing Programs

Senior Debt

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Mezzanine Debt

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Aggregate Leverage up to 85%
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Preferred Equity

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Equity

All Property Types and Corporate Purposes
$500,000 minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Joint Venture Financing

All Property Types and Corporate Purposes
$500,000 minimum in the US and $5,000,000 Internationally
Active Investment
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

About Remington Financial Group's Capabilities

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.

Remington Financial Group, Inc. - Has Access to Capital for Distressed Properties

Joel Nathanson — Mon, 07 Dec 2009 10:02:04 -0800

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. Remington has deep concern regarding fraud in our industry and has established training programs and a diligently enforced fraud policy to protect our clients and partners.

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 team within their 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 & Financing Structure

Senior Debt

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Mezzanine Debt

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Aggregate Leverage up to 85%
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Preferred Equity

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Equity

All Property Types and Corporate Purposes
$500,000 minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Joint Venture Financing

All Property Types and Corporate Purposes
$500,000 minimum in the US and $5,000,000 Internationally
Active Investment
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Remington Arranges Specialized Financing For The Following Property Types and Business Purposes:

Land
Industrial
Multifamily
Office
Retail
Mixed Use
Hospitality
Medical Office
Healthcare Facilities
Senior Housing
Student Housing
Special Purpose
Restaurant
Self Storage
Manufactured Home Parks
Business Working Capital
Business Investment Capital
Entertainment & Multimedia
Franchises
Bridge Loans
Business Loans without Real Estate
Hard Money

Remington Financial Group, Inc. - Has Capital Available for Construction Transactions

Joel Nathanson — Tue, 24 Nov 2009 08:58:32 -0800

About Remington Financial Group, Inc.

The extensive success of Remington Financial Group (RFG) in securing hospitality-based financing stems from its 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 hospitality clients benefit from integrated financing.

Knowing that hoteliers and other hospitality professionals can't afford long periods of downtime, RFG works to streamline and expedite the process of securing funds. Additionally, throughout the due diligence and financing process, Remington seeks to provide customers with a clear picture of the status of their transaction and any costs associated with it. RFG proactively works to overcome obstacles before they become barriers to a successful close. Delivering exceptional service throughout the process, Remington offers a variety of creative financing options.

Representing clients exclusively, Remington carefully manages the formation of all tiers of capital, so they are uniquely structured and tailored for every hospitality transaction. This process saves clients time and money while significantly reducing transaction risk. Time and again, Remington has delivered refined capital solutions to complex commercial real estate transactions, which other sources would not have considered.

When it comes to existing deals that may be at risk, Remington can also help revitalize them with our expert advisory services or assist with a comprehensive set of financing programs including origination, evaluation, transaction structuring, preparation and underwriting, negotiation and coordination of placement, and closing processes.

Remington Financial Group - Available Financing Programs

Senior Debt

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Mezzanine Debt

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Aggregate Leverage up to 85%
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Preferred Equity

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Equity

All Property Types and Corporate Purposes
$500,000 minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Joint Venture Financing

All Property Types and Corporate Purposes
$500,000 minimum in the US and $5,000,000 Internationally
Active Investment
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Remington Financial Group - Closings

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

Remington Financial Group, Inc. - Launches Industry Leading Fraud Policy

Joel Nathanson — Wed, 11 Nov 2009 11:49:11 -0800

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

Debt Financing

Mezzanine Financing

Equity Financing

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.

Remington Financial Group, Inc. - Has Been Securing Funding For Over 16 Years

Joel Nathanson — Tue, 03 Nov 2009 09:34:26 -0800

About Remington Financial Group, Inc.

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.

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

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Mezzanine Debt

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Aggregate Leverage up to 85%
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Preferred Equity

All Property Types and Corporate Purposes
$500,000 Minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Equity

All Property Types and Corporate Purposes
$500,000 minimum in the US and $5,000,000 Internationally
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Joint Venture Financing

All Property Types and Corporate Purposes
$500,000 minimum in the US and $5,000,000 Internationally
Active Investment
Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Remington Arranges Specialized Financing For The Following Property Types and Business Purposes:

Land
Industrial
Multifamily
Office
Retail
Mixed Use
Hospitality
Medical Office
Healthcare Facilities
Senior Housing
Student Housing
Special Purpose
Restaurant
Self Storage
Manufactured Home Parks
Business Working Capital
Business Investment Capital
Entertainment & Multimedia
Franchises
Bridge Loans
Business Loans without Real Estate
Hard Money

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.

Submit business plan / executive summary.
Pre-qualification determination process - project is reviewed and evaluated resulting in:
The project being accepted,
Proposed revisions being issued for the project, or
The project being declined
Lender / Investor conceptual interest is obtained along with projected terms and the proposal is issued.
Due-Diligence document checklist of typically requested data is prepared and sent to client
Analysis of all documents, preparation and packaging of the data for submission to designated lender/investor; formal due-diligence commences.
Term Sheet/Conditional Commitment and/or Firm Commitment issued.
After Term Sheet/Conditional Commitment and/or Firm Commitment are accepted, we will deliver a site visit and market analysis.
Closing | Capitalization | Funding

Remington Financial Group, Inc. - Announcing Distressed Owner Recapitalization Program

Joel Nathanson — Tue, 27 Oct 2009 09:32:07 -0700

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:

Knowledge of the market.
Experience in solving even the most problematic projects.
Creativity in restructuring transactions.
Ready access to hundreds of active capital sources.
Commitment to pull it all together.

Currently restructuring.
Emerging from bankruptcy.
Needing recapitalization.
Considering leveraged acquisitions.
On a tight timeline to access capital.

Remington Financial Group, Inc. - Has Access to Over $500M in Hard Money Financing

Joel Nathanson — Tue, 13 Oct 2009 09:19:52 -0700

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.

Remington Financial Group, Inc. - Has Access to Over $500M in Hard Money for Distressed Owners

Joel Nathanson — Tue, 13 Oct 2009 09:16:02 -0700

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.

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:

Remington Financial Group, Inc. - Loan Process

Submit Business Plan / Executive Summary

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

Lender / Investor conceptual interest is obtained along with projected terms and the proposal is issued

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

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

Term Sheet/Conditional Commitment and/or Firm Commitment issued

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

Closing | Capitalization | Funding

Remington Financial Group, Inc. - Obtaining Capital in Tough Times

Joel Nathanson — Fri, 09 Oct 2009 11:21:29 -0700

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. - Has Capital for Distressed Owner and Debt Transactions

Joel Nathanson — Fri, 02 Oct 2009 10:22:34 -0700

Remington Financial Group - Advisory Services

Remington'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

All Property Types
$1 Million and up
Acquisition, Development, Refinance, Bridge, Principal Buyout, Special or Story Situations

Mezzanine/Bridge Loan Financing

All Property Types
$1 Million and up
Aggregate Leverage up to 85%
Loan Term up to 8 Years
Amortization up to 25 Years
11% - 14% Annual Interest Rate
Non-recourse Subject to Carve-outs

Joint Venture Financing

100% Financing
Construction, Developments & Acquisitions
$1 Million and up

Multifamily

Existing Apartment Properties with 5+ Units
Mobile Home Parks
Limited Mixed Use
$1 Million and up
Nation Wide
6 month, 3, 5, 7, & 10 Year Fixed Terms
15-year Fixed Fully Amortized
Bank Rates
Minimum DSC 1.20
80% LTV for Purchase, Rate & Term Refinance
75% LTV for Cash-out Refinance

Remington Financial Group, Inc. - Loan Process

Submit Business Plan / Executive Summary

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

Lender / Investor conceptual interest is obtained along with projected terms and the proposal is issued

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

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

Term Sheet/Conditional Commitment and/or Firm Commitment issued

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

Closing | Capitalization | Funding

Remington Financial Group, Inc. - Your Best Access of Capital for Distressed Owner and Debt Opportunities

Joel Nathanson — Fri, 02 Oct 2009 10:17:33 -0700

Remington Financial Group, Inc. - What's Currently Going on in the Marketplace

The Liquidity Crisis

About Remington Financial Group

Remington Financial Group - Expert Advisory Services

Remington's expert Advisory Services help clients carefully evaluate and restructure transactions that may have existing financing challenges. Our team develops advanced strategies to create new and alternative financing opportunities that can help supplement or replace conventional lending sources.

By providing our clients with access to the latest and most competitive capital sources the market has to offer, RFG's borrowers gain the advantage of a comprehensive perspective from which to choose the widest range of financing products available.

Remington also offers quick access 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 benefit significantly from our experience and insightful guidance through complex transactions.

Remington Financial Group, Inc. - Closes $1,580,000 RV Park in Southeastern Michigan

Joel Nathanson — Thu, 24 Sep 2009 10:06:14 -0700

Remington Financial Group, Inc. - Your Best Access to Commercial Capital

Since 1993 Remington Financial Group has built a successful track record of closing the most challenging debt, mezzanine, and equity capital transactions. Our clients receive the best access to commercial capital. We have strong connections to hundreds of actively-lending funding sources across the capital stack. The experienced team at Remington develops and executes financial structures that turn problematic transactions into closings.

The Challenge

The property owners needed to make facility upgrades to reverse declining sales. The RV Park had adequate cash flow and a solid financial history, but property values were steadily declining, leading to a loss of equity that forced most lenders to back away. Of additional concern was that Michigan had one of the hardest hit economies in the country, encouraging lenders to abandon the market. In addition, the RV industry had taken a significant hit over the past few years as disposable income of many RV enthusiasts had dwindled. Finally, the existing lender was calling the owner's note due to banking difficulties.

Solution by Remington Financial Group

Through creative modifications to our client's business plan and using our extensive network of lenders and investors, Remington acted as a financial advisor to restructure the transaction and put it in the best light. As a result, on behalf of our client we secured a $1.58 million SBA 7(a) loan with all SBA fees eliminated. The loan was priced at prime plus 2.5%. The LTV was 90% and the loan fully amortizes over 25 years. Our client and the lender were both pleased, and the transaction closed with little or no complications.

For More Information about Remington Financial Group's Closings Please Visit www.remingtonfinancialclosings.com

Remington Financial Group, Inc. - Annouces The Following Closing

Joel Nathanson — Thu, 24 Sep 2009 10:02:19 -0700

Remington Financial Group, Inc. - Closes $1,580,000 RV Park in Southeastern Michigan

The Challenge

Solution by Remington Financial Group

Remington Financial Group, Inc. - Your Best Access to Commercial Capital

To See More Information about Remington Financial Group, Inc. Please Visit www.remingtonfg.com