Remington Financial Group, Inc. - Your Best Access to Commercial Capital 

Since 1993 Remington Financial Group has built a successful track record of closing the most challenging debt, mezzanine, and equity capital transactions. Our clients receive the best access to commercial capital. We have strong connections to hundreds of actively-lending funding sources across the capital stack. The experienced team at Remington develops and executes financial structures that turn problematic transactions into closings.

The Challenge

The property owners needed to make facility upgrades to reverse declining sales. The RV Park had adequate cash flow and a solid financial history, but property values were steadily declining, leading to a loss of equity that forced most lenders to back away. Of additional concern was that Michigan had one of the hardest hit economies in the country, encouraging lenders to abandon the market. In addition, the RV industry had taken a significant hit over the past few years as disposable income of many RV enthusiasts had dwindled. Finally, the existing lender was calling the owner's note due to banking difficulties.

Solution by Remington Financial Group

Through creative modifications to our client's business plan and using our extensive network of lenders and investors, Remington acted as a financial advisor to restructure the transaction and put it in the best light. As a result, on behalf of our client we secured a $1.58 million SBA 7(a) loan with all SBA fees eliminated.  The loan was priced at prime plus 2.5%. The LTV was 90% and the loan fully amortizes over 25 years. Our client and the lender were both pleased, and the transaction closed with little or no complications.

For More Information about Remington Financial Group's Closings Please Visit www.remingtonfinancialclosings.com