Remington Financial Group, Inc. - Hospitality Sector

The hotel business can present tough challenges for borrowers and lenders alike. It is not uncommon for hotels to require large amounts of capital for renovations, upgrades or expansions, while facing crucial downtime to fully implement those projects. Downtime in the hotel business often translates into lost or reduced revenues, which can impact the ability of a hotel property to secure financing in a timely fashion, or under favorable terms.

Remington Financial (RFG), a firm that specializes in commercial real estate investment, is a friend to the hospitality industry. Remington has a strong history of providing timely financing under favorable terms to hotels with challenging financing considerations.

Remington Financial Group has been at the vanguard in helping borrowers within the hospitality industry meet their needs by securing the financing for projects that are simply too risky or challenging for conventional lenders. Remington has been crucial in bringing financing to challenging projects across the United States.

Remington Financial Group - Hospitality Programs

Senior Debt/Equity Financing

• $1 Million to $100 Million
• Acquisition, Development, Refinance, Bridge, Principal Buyout, Special or Story Situations

Mezzanine/Bridge Loan Financing

• $1 Million to $350 Million
• 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 to $350 Million

Remington Provides Financing for Other Property Types:

• Apartments & Mixed Use
• Assisted Care Facilities
• Business Investment Capital
• Business Loans without Real Estate
• Commercial Properties
• Special Purpose Properties;
  e.g. Car Washes
• Construction Loans
• Entertainment & Multi Media
• Equity/Debt; 100% Financing
• Equity & Working/Operating/
  Seed Capital
• Franchise; up to 100% Financing
• Hard Money; Interim Bridge Financing
• Hotels/Motels
• Land Development; up to 100%
• Mixed-Use Commercial
• Multi-Dwellings
• Non-Conforming Commercial
  Real Estate
• Office Buildings - Industrial &
  Retail Properties
• Retail Space

Remington Financial Group, Inc. Hospitality Closings List

Remington Financial (RFG) knows that downtime is the enemy in the hospitality industry. That's why the firm, which specializes in commercial real estate investment, is a friend to the hospitality industry. Remington has a strong history of providing timely financing under favorable terms to hotels with challenging financing considerations.

$3.5 MM - 128 Room Hotel, Bridge Loan

$136 MM - 570 Room Hotel, Construction Financing, 90% LTC - IL

$11 MM - Hotel Refinance 1st Mortgage Permanent Financing - CO

$48 MM - Hotel / Office, Acquisition / Renovation 80%LTC - MD

$7 MM - Hotel Acquisition, Acquisition Financing - MD

$19.5 MM - Hotel Resort & Casino, Senior / Subordinate Financing - NV

$40 MM - 6 Hotel Properties, Acquisition Financing - 6 East Coast Cities

$56.5 MM - Hotel, Debt / Mezzanine Financing - FL

$58 MM - 2200 Key Hotel Portfolio, Debt / Mezzanine Financing - FL

$1 MM - Hotel Suites, Bridge Financing - NV

$48 MM - 196 Key Hotel / Office, Acquisition / Renovation Financing, 80% LTC - MD

$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

$7.5 MM - Hotel Acquisition, Acquisition Financing - CT

$19 MM - Hotel, Bridge / Mezzanine Financing - NV

$4.5 MM - Hotel, Acquisition / Redevelopment Financing - MO

$6.4 MM - 130 Room Resort, Acquisition / Mezzanine Financing - MA

$7.8 MM - Hotel Construction, Construction Financing, 80% LTC

$130 MM - Luxury Hotel, Construction Financing, 90% LTC

$7.4 MM - Hotel, Acquisition / Redevelopment Financing

$22 MM - 375 Key Hotel, Floating Rate Acquisition - GA

$5.5 Million - Branded Hotel, Non-recourse Permanent Financing - VT