Remington Financial Group, Inc. - Plans a Fund for Bridge Loans
"Your best access to commercial capital" is more than just a slogan at Remington Financial Group. It's a reality! Not only does Remington provide the best access to commercial capital through its global network of 400 active lenders and investors, Remington hopes to become an integral part of that network by forming a joint venture company to raise a $200 million bridge loan financing fund.
And that is good news for commercial real estate brokers and their clients, especially those in need of short-term financing that "bridges" the gap between funds needed now and when long-term financing becomes available.
To help close that gap, Remington has joined forces with Black Hawk Capital Managers to form Secured Capital Income Fund LP (SCIF). Currently raising institutional interest in SCIF is Secured Opportunity Management, LLC, a joint venture company created by Remington and Black Hawk to manage the planned bridge loan financing fund. Black Hawk is a restructuring and bridge loan specialist with over $1.5 billion in commercial transactions since 1995.
When active, SCIF is expected to be a bridge loan financing fund with a powerful origination capability. Right off the bat, it will have the capability of identifying the bridge loan needs of all the loan originations transacted not only by Remington but also by Black Hawk. For Remington brokers and their clients, that is good news, indeed, since about 20% of the 400 loan originations transacted annually by our financing specialists require bridge loan financing.
As Remington Chairman Andy Bogdanoff sees it, the formation of SCIF represents "an exciting expansion of Remington's business plan and a reflection of the dedication our company has to providing the best access to commercial capital for brokers and their clients nationwide."
So if there's a financing gap in your future, Remington can help you close it. Give me a call and let's talk about it.
Remington Financial Group - Additional Financing Programs
Senior Debt
- All Property Types and Corporate Purposes
- $500,000 Minimum in the US and $5,000,000 Internationally
- Acquisition, Development, Construction Loans, Construction to Permanent, Rehabilitation, Bridge Loans, Refinance
Mezzanine Debt
- All Property Types and Corporate Purposes
- $500,000 Minimum in the US and $5,000,000 Internationally
- Aggregate Leverage up to 85%
- Acquisition, Development, Construction Loans, Construction to Permanent, Rehabilitation, Bridge Loans, Refinance
Preferred Equity
- All Property Types and Corporate Purposes
- $500,000 Minimum in the US and $5,000,000 Internationally
- Acquisition, Development, Construction Loans, Construction to Permanent, Rehabilitation, Bridge Loans, Refinance
Equity
- All Property Types and Corporate Purposes
- $500,000 minimum in the US and $5,000,000 Internationally
- Acquisition, Development, Construction Loans, Construction to Permanent, Rehabilitation, Bridge Loans, Refinance
Joint Venture Financing
- All Property Types and Corporate Purposes
- $500,000 minimum in the US and $5,000,000 Internationally
- Active Investment
- Acquisition, Development, Construction Loans, Construction to Permanent, Rehabilitation, Bridge Loans, Refinance
Remington Arranges Specialized Financing For The Following Property Types and Business Purposes:
- Land
- Industrial
- Multifamily
- Office
- Retail
- Mixed Use
- Hospitality
- Medical Office
- Healthcare Facilities
- Senior Housing
- Student Housing
- Special Purpose
- Restaurant
- Self Storage
- Manufactured Home Parks
- Business Working Capital
- Business Investment Capital
- Entertainment & Multimedia
- Franchises
- Bridge Loans
- Business Loans without Real Estate
- Hard Money
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