Whatever your senior debt needs may be – for acquisition, development, new construction, refinancing, you name it - Remington Capital can help you get it - even if you and your client have been turned down in the past! That’s our specialty – matching your challenging financing needs to the varied interests of the hundreds of lenders and investors in our worldwide capital network. Even if your commercial real estate deal is the most challenging of all, give us a call. We’ve been successfully delivering creative financing expertise and competitive transaction options across the … (0 comments)
commercial lending: Mezzanine Financing Available
- 05/23/11 05:36 AM
Over the years, Remington Capital has served the financing needs of hundreds of commercial loan brokers and their clients, especially those unable to obtain financing on their own. Since 1993, we have arranged more than $5 billion in financing across the capital stack for all types of viable commercial real estate and other business projects, ranging in size from a minimum of $1 million in the U.S. and $5 million abroad. Many of these transactions represent financing challenges other firms often decline to consider. Remington’s record of successful closings amply demonstrates our ability to match even the most challenging commercial opportunities … (0 comments)
commercial lending: Career Transition to Commercial Financing?
- 05/19/11 08:34 AM
It is not unusual for residential brokers who are moving into the commercial market to be unprepared for how complex the commercial mortgage process is as compared to residential. In the residential market, most mortgages are underwritten with the intention of being sold on the secondary market within about six months. That being the case, there are very specific guidelines for property value, credit score, verification of income and down payment funds that must be met for the loan to be purchased. It is usually a very black and white process, either the client meets the criteria and gets the loan … (0 comments)
commercial lending: Financing Programs Available
- 05/19/11 06:05 AM
Over the years, Remington Capital has served the financing needs of hundreds of commercial loan brokers and their clients, especially those unable to obtain financing on their own. Since 1993, we have arranged more than $5 billion in financing across the capital stack for all types of viable commercial real estate and other business projects, ranging in size from a minimum of $1 million in the U.S. and $5 million abroad. Many of these transactions represent financing challenges other firms often decline to consider.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /> Remington’s record of successful closings amply demonstrates our ability to … (0 comments)
commercial lending: Deals Outside Bank Guidelines
- 05/04/11 05:16 AM
When your client goes to a bank and applies for a commercial loan, there are certain LTV limits that along with other requirements will determine whether or not he or she will get the loan. If the loan is for senior debt, the maximum LTV is usually between 50-60%. If your client requires financing above that threshold, the bank will likely deny the loan. Banks are excellent at doing what banks do, but they are not a great option for those needing creative options for securing financing at higher LTVs. What you can bring to the table as a commercial loan … (0 comments)
commercial lending: Cautiously Optimistic in 2011
- 05/02/11 07:41 AM
2011 is shaping up to be a very good year for commercial real estate. Banks have regained some liquidity, prices and interest rates are low, and private capital sources are still actively financing good projects. The only thing that could derail the recovery would be a double-dip recession; but that does not seem likely at this time.Securing financing for hospitality projects is still going to be challenging this year, despite predictions by industry experts that occupancy rates will steadily improve.Multifamily will continue to lead the pack as the most attractive investment for banks and private capital sources.The increased activity in CRE … (0 comments)
commercial lending: Commercial Office Real Estate Picking Up Steam
- 04/29/11 08:02 AM
Although activity is not as strong as it was at the peak in 2007, there is very strong interest. There is a lack of quality assets in the market, so everything that goes out gets a lot of interest. We’re seeing good interest and buyer demand from REITs, private equity, institutions and operators, among others.Moreover, pricing continues to increase. People feel good again about getting aggressive in underwriting rental rate growth because the leasing market seems to be quite strong.So far this year, roughly $83 million worth of office assets have traded hands, according to according to early market analytics. That … (0 comments)
commercial lending: NEED YOUR DEAL FIXED?
- 03/15/11 04:36 AM
Got a client looking to build, acquire, or develop an office, retail, hospitality or any other type of commercial property? Can't find the funding needed on your own because the banks can't or won't extend the debt? Then now is the time to call Remington Capital. Our financing specialists thrive on structuring or revamping even the most challenging deals so that your clients get the best possible chance of funding. We've been doing it successfully since 1993, arranging more than $5 billion in financing across the capital stack for all types of commercial projects, large and small, even the ones others … (0 comments)
commercial lending: COMMERCIAL OFFICE REAL ESTATE PICKING UP STEAM
- 03/09/11 02:38 AM
Although activity is not as strong as it was at the peak in 2007, there is very strong interest. There is a lack of quality assets in the market, so everything that goes out gets a lot of interest. We're seeing good interest and buyer demand from REITs, private equity, institutions and operators, among others. Moreover, pricing continues to increase. People feel good again about getting aggressive in underwriting rental rate growth because the leasing market seems to be quite strong. So far this year, roughly $83 million worth of office assets have traded hands, according to according to early market … (0 comments)
commercial lending: Successful commercial financing is like solving a jigsaw puzzle
- 03/08/11 08:51 AM
Ever tried solving a jigsaw puzzle? Not the simple ones, where pieces are easily assembled. But the big picture puzzles. Those with lots of pieces in all sizes, colors and weird shapes. These are the puzzles that only the most experienced and determined puzzle masters are willing to take on and successfully complete. In a sense, Remington Capital is like a puzzle master when it comes to solving tough commercial financing transactions. "Sometimes structuring a successful transaction can be like solving a big, complex jigsaw puzzle, especially when the client has been unable to secure financing elsewhere." That's how Andy Bogdanoff … (0 comments)
commercial lending: Distressed Owners Increase moving forward in 2011
- 03/04/11 06:05 AM
Nearly two-thirds of loans sold last year were performing loans. I expect non-performing loans to grab a higher percentage this year. A case study showed one company had whole loan and subordinate debt sales consisted of $6.1 billion in performing and non-performing loans. 2010 was a more preemptive year with a number of lenders in subordinate positions, life companies, sold loans that they thought might be sub-performing or potentially non-performing. Some foreign banks want to sell b-notes and mezzanine notes on large loans, to US investment banks but according to the data one-third of the performing loans sold were "preemptive maintenance," based … (0 comments)
commercial lending: Construction on the brink strengthens Commercial Real Estate
- 03/03/11 12:42 PM
The current commercial real estate cycle will improve as new construction activity increases. We have seen new construction activity really contract, and what we will start to see is that good-old fashioned real estate cycle bringing us out from the deficits When new real estate comes online, job growth will eat through some of that excess space. We will see net absorption exceeding net completions, wearing down on the vacancy rates, giving a little bit more ability for property owners to adjust rents back upwards, which will have an impact on bottom-line NOI [net operating income]. Property types with shorter lease … (0 comments)
commercial lending: MEZZANINE DEBT EASES MULTIFAMILY DELEVERAGING PROCESS
- 03/01/11 03:07 AM
Looking to finance or refinance an overleveraged multifamily property whose value has taken a nosedive? Freddie Mac wants to help. And so do I. At Freddie Mac, there's a financing arrangement that allows mezzanine debt on qualifying senior multifamily mortgages, with the mezzanine portion of financing backed by owner's equity instead of the property. The aim is to ease the painful deleveraging process. "The intent," according to Freddie Mac, "is to help reduce the number of properties that may otherwise become defaults." How can I help? The fact is that mezzanine debt - including mezzanine loans, participating loans, and preferred equity - … (0 comments)
commercial lending: NEED QUICK ACCESS TO HARD MONEY LOANS?
- 02/22/11 04:29 AM
Say you or your client has sufficient collateral and a promising business plan, but the property is distressed, a payment has been missed, or foreclosure is a possibility. These are just some of the reasons a quick infusion of short-term commercial capital may be necessary. Whatever the need - Remington Capital can help. Remington has solid relationships with hundreds of private capital sources offering competitive, fast-closing hard money loans, based primarily on the quick-sale value of the property involved. Our capital sources have hard money loans available for virtually any type of commercial property including, mixed-use, apartment buildings, assisted care facilities, … (0 comments)
commercial lending: Opportunity For Alternative Capital
- 02/17/11 03:06 AM
Deleveraging seems to be the order of the day for CRE investor groups in the U.S. Only the housing-finance agencies - Fannie Mae, Freddie Mac, and the Department of Housing and Urban Development - and life insurance companies, as well as state and local governments, are bucking the trend, according to the Mortgage Bankers Association. Even banks, which command 44.6% of the CRE mortgage universe, are in a deleveraging mode. Compounding the problem for commercial loan brokers is the fact that hundreds of banks are being shut down and that more than half the remaining banks are unable or unwilling to … (0 comments)
commercial lending: ALTERNATIVE CAPITAL TO FILL MAJOR BANK VOID IN 2011
- 02/08/11 04:11 AM
Don't look for banks to be making their way back into commercial real estate lending in any big way until 2012. That's the message in a recent Crittenden Report. What you can look for, the report says, are life companies and commercial mortgage backed securities (CMBS) becoming active CRE lenders on bigger deals in 2011. "This provides an opportunity for alternative lending sources to fill in the gaps between recourse banks, mortgage REIT's and debt funds." The Crittenden Report also predicted that private money and regional, mid-sized and small-balance banks would be "a bit busier in 2011 on deals with good … (0 comments)
commercial lending: CRE TURNAROUND APPEARS 'SOLIDLY' UNDERWAY
- 02/08/11 04:10 AM
evitalization of the commercial real estate community is finally on the upswing, according to a recent research report from NCREIF. Here are some of the encouraging indicators: Three consecutive quarters of positive returns and a one-year total return of 5.84% in the latest National Property Index suggests a turnaround in the CRE investment performance cycle is "solidly underway." Recent upticks in the U.S. economy are providing some support for CRE, albeit weak support, for commercial real estate and other business growth plans. The macro economy remains awash in liquidity, encouraging capital to flow into riskier investments including CRE. CRE debt financing … (0 comments)
commercial lending: STARTUPS GET THE HELP THEY NEED
- 02/07/11 04:04 AM
Few in the CRE community can avoid the pain of disappointment when it comes to finding traditional financing in a market repressed by the worst economic downturn in eighty years. No one is spared. Not commercial loan brokers who lose commissions when their traditional financing sources can't or won't extend new credit. Nor their clients who may suffer bankruptcy and ultimately lose a hotel, an office building, retail center or other commercial property when they can't get the financing they need. But those that get hurt most, according to a recent conference on "Entrepreneurship in the post-Great Recession Economy," are the … (0 comments)
commercial lending: THE CRE MARKTET APPEARS TO BE THAWING!
- 02/03/11 04:57 AM
At last, there's light at the end of the tunnel! The CRE market appears to be thawing. Indicators are all over the place! The U.S. just had its best commercial property sales quarter in the past two years. A new SBA loan law gives small business owners greater access to commercial capital. And CRE lending appears to be loosening up. More to the point, Remington's business is perking up across the board. "With more than a trillion dollars in CRE debt due to mature by 2013 and signs that commercial real estate market has begun thawing, Remington is adding staff to … (0 comments)
NEED SENIOR DEBT? REMINGTON CAN HELP!
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