cre mortgage: 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)
cre mortgage: 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)
cre mortgage: 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)
cre mortgage: 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)
cre mortgage: 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)
cre mortgage: 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)
cre mortgage: NEW WEBSITE
- 03/29/11 04:59 AM
Check out our new website @ www.remingtoncapitalinc.com a fresh new look for your best access to capital!
cre mortgage: 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)
cre mortgage: 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)
cre mortgage: 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)
cre mortgage: 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)
cre mortgage: Saving Underwater Commercial Real Estate Properties From Bankruptcy
- 03/02/11 02:42 AM
DPR is ideal for maturing loans with property values less than original debtGet ready! There's a big wave of new business opportunities on the horizon for commercial loan brokers. Thousands of once high-leveraged CRE loans will be maturing between now and 2013. Their property values are so low that refinancing is not a likely option. But Remington's new Distressed Property Recapitalization program (DPR) is! "DPR can help you save many of these 'underwater' commercial real estate properties from bankruptcy, while earning you hefty commissions at the same time," Remington's chairman, Andy Bogdanoff said. With property values down as much as 45% … (1 comments)
cre mortgage: 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)
cre mortgage: Geared Up For Special Purpose Properties?
- 02/21/11 05:43 AM
Restaurants. Car washes. Bowling alleys. Gas Stations. They're all special purpose properties. They represent a huge category of commercial building types that have at least two things in common. They all have limited use. And they all have a tough go finding financing in good times as well as bad because conventional lenders do not easily understand limited use properties. Today, special purpose properties suffer from an additional double whammy. On the one hand, banks are retrenching, stung by three years of defaults and delinquencies, with most of them unable or unwilling to extend new debt, especially to limited use commercial … (0 comments)
cre mortgage: 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)
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.
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