Remington Financial Group, Inc. - Access to Joint Venture Financing

Since its inception 15 years ago, Remington Financial Group (RFG) has increased its presence in the commercial real estate market. The company closed more than $900 million in client transactions in 2006, over $1 billion in 2007 and is on track to exceed that figure for 2008.

RFG provides a range of financing solutions including senior debt/equity financing, mezzanine/bridge loan financing, and joint venture (JV) financing. The company is open to providing construction loans, equity debt financing with up to 100 percent financing, hard money, interim bridge financing, up to 100 percent financing for franchises, seed capital, business loans without real estate, business investment capital, and up to 100 percent financing on land development.

RFG will consider financing any number of development projects, including apartments and mixed-use buildings, assisted care facilities, special purpose properties (such as car washes), hotels and motels, multi-dwelling units, mixed-use commercial properties, office buildings, and industrial and retail properties.

RFG is led by a team of real estate and financing veterans including principal Andrew Bogdanoff, who founded the company in 1993. Under his leadership, the company has experienced tremendous success and growth. Andy oversees all aspects of RFG's business. Mr. Bogdanoff launched his career in the financial business in 1971.

Remington Financial Group, Inc. - Joint Venture Due-Diligence Process

1. Submit Business Plan / Executive Summary

2. Pre-qualification determination process - project is reviewed and evaluated
resulting in:

- the project being accepted
- proposed revisions being issued for the project
- the project being declined

3. Lender / Investor conceptual interest is obtained along with projected terms
and the propsal is issued

4. Due-Diligence document checklist of typically requested data is prepared and
sent to client

5. Analysis of all documents, preparation and packaging of the data for
submission to designated lender/investor; formal due-diligence commences

6. Term Sheet/Conditional Commitment and/or Firm Commitment issued

7. After Term Sheet/Conditional Commitment and/or Firm Commitment are
accepted, a site visit and market analysis will commence

8. Closing / Capitalization / Funding

Remington Financial Group, Inc. - Recent Closings

$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 MM - Branded Hotel, Non-recourse Permanent Financing - VT