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 real estate: 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 real estate: 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 real estate: 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 real estate: OPPORTUNITIES FOR RECAPITALIZING HOTELS
- 03/29/11 06:19 AM
There are about $40 billion of hotel properties that are distressed today, and more are expected to slip underwater by mid-year. These are not just large high-priced properties in upscale, urban core markets. The problem is widespread and exists to some degree in just about every market. Now that's a recapitalization opportunity for you if there ever was one! The fact is you no longer have to despair over lost commissions if you can't find conventional refinancing for a client's maturing loan because the property value is so low compared to the original debt. Selling a highly-leveraged distressed property at a … (0 comments)
commercial real estate: Catch 'Digital Diva' Ruth McCartney LIVE on Remington Capital Radio Tomorrow Morning!
- 03/01/11 06:21 AM
Exclusive for Remington Affiliates! Do you know how to use Social Media to attract and sell to your prospects? Do you know the proven repeatable success formula for growing your customer base? Don't miss your chance to call in and speak with Andy Bogdanoff and his guest Ruth McCartney on Remington Capital Radio this Wednesday March 2, 2011 at 10 AM Pacific Time. (11 AM Mountain, 12 PM Central and 1 PM Eastern.) Ruth will speak about how Remington Affiliates can use technology to find and please customers for profit, even in this tough market. You may know Ruth as Paul's … (0 comments)
commercial real estate: ALTERNATIVE CAPITAL AVAILABLE WHEN BANKS PLAY HARD BALL
- 02/24/11 04:04 AM
It's a "quiet" policy. They call it "extend and pretend." Rather than facing up to the write-downs that would otherwise be necessary, banks have been quietly extending performing loans for CRE properties that have lost much of their value. By stretching out loan maturities and allowing below market interest rates, banks have in effect slowed the spike in defaults while preserving their own capital. And they've been doing it for about 18 months, with "a wink and nod" from the regulators. Now that asset values have begun creeping up, however, the game of kick the can is about to change, industry … (0 comments)
commercial real estate: GETTING CEOs TO RETURN TO RETURN VOICEMAIL MESSAGES
- 02/23/11 05:46 AM
Unable to reach the CEO? Emails get lost in cyberspace? Can't get voicemail messages returned? Sales training expert and a best-selling author Tony Parinello knows why it happens and explains how you can create winning voicemail messages during a recent interview with Remington Chairman Andy Bogdanoff on Remington Capital Radio. Hosted by Andy, Remington Capital Radio offers exclusive weekly business information Internet radio shows to commercial loan brokers who are Affiliate Partners of Remington Capital. Remington's Affiliate Partner Program was designed to increase financing opportunities for brokers, enhance business skills and open up new revenue sources. These one-hour live radio programs … (0 comments)
commercial real estate: 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 real estate: 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)
commercial real estate: Commercial Real Estate Finally Hitting Rock Bottom?
- 02/03/11 03:03 AM
The good news about hitting bottom is having nowhere to go but up.So it goes in commercial real estate, which careened into a tailspin as the economy tanked.After two years of adjusting to the new reality, commercial real estate is starting to get its pulse back - in stronger leasing volume, more property-management work and increased investment sales.Decisions mean activity in the commercial property world. Some firms will opt to consolidate and optimize leased space after cutbacks - ideally in better buildings with lower rents. Others will buy or sell buildings. Signs of LifeRevenue at the two big global commercial real … (0 comments)
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