As the year started many where enthused by hopefully turn around of an economy that was in a death spiral since last summer, sub prime housing debacle, market deficiency, unemployment rates through the roof, and several billion dollars in commercial refinancing needed.
Banks not refinancing their own dollars lent in 06'-08' have become the bread and butter news of the day, keeping their funds under lock and key so to speak. Gone are the days when a hand shake and the relationship with your local banker meant a loan approval and money deposited in account in a relatively short period of time, and here now is the search for dollars to refinance their already past due balloon payment and daily penalties mounting. The haves are now the have not's and the quest begins to develop that new relationship with a capital source that can deliver but who...?
Things to consider when choosing a capital source.
1. How long have they been around? Longevity is an important factor.
2. Availability - Can I reach my rep when needed, returning calls in a reasonable time frame?
3. Source of Funds - Private is best these days!
4. Rates - Are the rates too good to be true(under5%)
5. Broker or Capital Source?? -- do not create the chain
6. Veritility - be sure they can do all species of loans not just 1 breed
Finding "The source" may not be easy, but once found can provide a lucrative and long relatioship.
Remington Financial Group has built its success upon well-established relationships with highly regarded domestic and foreign based private and institutional capital sources. Our extensive lender network combined with market expertise and a highly disciplined due diligence and transaction process means our clients benefit from integrated, seamless financing.
Throughout the due diligence and deal process, Remington works to provide customers with a clear picture of the status of their transaction and any fees. RFG proactively works to overcome obstacles before they become barriers to a successful close. Delivering exceptional service throughout the financing process, Remington offers a variety of creative financing options with highly competitive rates for:
Conventional financing | Hard-money loans | Bridge loans | Construction loans
Representing clients exclusively, Remington carefully manages the formation of all tiers of capital so they are structured and tailored to each unique transaction. This process saves clients time and money while significantly reducing transaction risk. Time and again, Remington has delivered refined capital solutions to complex transactions where other sources were unable to execute at all.
Remington can help revitalize existing deals that may be at risk with expert Advisory Services or assist with a comprehensive set of Financing Programs including origination, evaluation, transaction structuring, preparation and underwriting, negotiations and coordination of placement and closing processes.
Contact Me-- Sean Allard 480.659.5742 - sallard@remingtonfg.com
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