The economy is suffering in ways that we've not seen in decades, businesses are watching intently to understand how this worldwide crisis will impact their bottom line, and the residential mortgage market is badly in need of a shot in the arm. But, experts like Remington Financial Group (RFG) agree that, while brokers have seen some deals wither due to a lack of available funds, funds are still available if you know where to look for them.
RFG is a broker-friendly correspondent that knows where the funds are. We have the expert lending sources available to help fund solid deals even during these trying economic times.
Beyond Traditional Banks
Just because top tier banks have had to slow down the issuance of credit doesn't mean that commercial lending is dead. In fact, at Remington, we consider scenarios every single day.
Brokers that have customarily worked with traditional banks are now seeking out Remington Financial Group because of our strong partnerships with private, proprietary lending sources. Our lending partners are more flexible in terms of determining where to place their funds, so are able to assist borrowers of all types. Many of our private lenders specialize in a particular kind of loan, whether it be commercial or bridge loans, hard money or mezzanine. Because of this specialization, if the deal is good, the opportunity to secure a loan is even better.
Remington Financial Group has built a reputation for securing financing when other institutions have said no. We know how to find financing for borrowers that have had trouble getting it elsewhere because of questionable credit, because they are a small business that is viewed by the big banks as a risk, or because the major financial institutions simply do not have the credit to lend.
Keep in mind, too, that 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.
Look For New, Unexpected Clients
Because Remington can help brokers secure funding for their clients when other lending sources can't, we are in a position to help them unearth a new, unexpected client base.
Consider it - even the crème de la crème of the borrowing community is having a harder time securing a loan in today's environment. Previously, some brokers might not have considered including this audience in their client base. But, the fact that Remington's lending sources have available credit means that we can help brokers broaden their reach to this attractive clientele. A broker's regular clientele will still need their help and guidance to secure funding and push a deal through, but so will this new crop of valuable borrowers.
Creating a relationship with Remington Financial Group means that brokers can close more deals that make money for all parties.
Good Projects + Good People
Today's market conditions are scary and confusing for many brokers. But, in the end, it's the simple lessons that can help ease that confusion: bringing together good people and good projects is good for everyone.
By keeping a level head and creating a strong relationship with Remington Financial Group, brokers can feel confident about connecting their clients with a lending base they might not have known about before. They can, therefore, also feel more secure about keeping their business operations running.
The key for brokers is to ensure they are represented by a strong, well-informed firm that is familiar with the world of finance and that has long legs with private, proprietary lending sources. For the past 15 years, Remington Financial Group has helped brokers secure funding for a broad swath of commercial loans through its private lending network. Learn more about RFG at www.remingtonfg.com.
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