Remington Financial Group

Remington Financial Group develops and executes financial structures that turn problematic transactions into closings. Remington began working with a very large group of hotel owners who had difficulty obtaining funding for a new project.  The level of difficulty was extremely high. This is often when clients approach Remington – when all other hope is lost to close a transaction.

Aging properties had slipped into bankruptcy while losing their competitive edge to newer hotels that had been developed in the local market.  Another challenge with this project was that the property debt was approximately $100MM on a property only with $70MM.

Further contributing to its complexity was that considerable ecological difficulties existed. The court gave Remington Financial Group 30 days to turn in a resolution plan together with commitment for funding. When the borrower involved Remington Financial Group, they had fully planned to give the properties back to their lender, because after 18 months no one else had been able to get them a deal.

This asset was not wanted by the lender. Because of the relationship cultivated with the current lender, Remington was able to ask them to settle the senior financing for less. This caused a tax liability for the borrower that added finances to help cover expenses.

To fix environmental issues, a large amount of money was needed. Remington Financial Group was able to secure mezzanine financing for a very speculative business plan. That solved those needs and the need for additional capital to invest into the properties to help reposition and upgrade the portfolio and to make it competitive within its market.

Remington Financial Group sealed the market rates and gave a fifty eight million dollars finance which helped the owners to retain all of their ownership in emergence of bank cases and properties. The business was completed within 45 days.

The experienced team at Remington develops and executes financial structures that turn problematic transactions into closings.

One of the choices that foundations and also companies with varied incomes have considered is the stated commercial loan. The stated commercial loans are loans that are based on a set income that the company is expected to clear each month, quarter, or each year. This is a way to get a lower loan, but one that is considered safer for the company. Sometimes these are the best loans for companies that have an income that will vary from month to month or based on the contracts that they have at hand.

The stated commercial loans have been a way that smaller companies have also been able to get a loan without taking a risk that would be normally there in a different loan or in a higher interest rate that comes with the higher amounts. Still, a lower amount may not be enough, but it is a good step to getting to where the company needs to be in the long run.

In the past, the stated income styled loans were what people would use to get homes as they may have incomes that can vary from a high amount to a very low amount. This has been the base standard for contractors and those that work out of house, this is now something that has evolved to the companies that have an income that is either based on the clients that they have or the customers that may come into the storefront.

Some stated commercial loans would be based on a percentage base of what is earned, and that is another consideration as well. The problem with this is that it can hurt a company that is seeing massive growth and may have a need to expand more than they had originally thought.

There are many considerations that must be addressed with any loan, and stated commercial loans are no different. This is where a company can use some help in not only finding the best loan, but also all that is involved with the loan itself. This can require a lot of time and energy for a company that sees that the loan can help get the business that much further ahead. A loan is a big step for a business and one that does present an element of risk regardless of the type of loan that it is.

Contractors that have wanted to go out of the house have often seen that the stated commercial loans as the best choice for this. Some of these contractors have lost interest in being bound to their homes and also want to additional exposure that can come to the location of an office or storefront.

A storefront can also be a big factor when the contractor has seen that they are exceeding what is expected by city ordinance for a business like theirs. Rather than having to face fines or other complications, stated commercial loans could help the contractor get their business from the home and into an actual location.

The stated commercial loans are just the first step as the contractor has to also determine where they will call their new home for their work and also if it will help them more than their home. This is something that can be a major leap for a contractor that has no base knowledge of where to have their storefront or if a location will have an impact on what they are seeking.

A contractor also has to consider that location is just one aspect that they have to think of, as there is also workspace and also security. These can be factors that can define the amount that stated commercial loans amounts will be and also if the loan is even needed. Sometimes the loan can be not enough or too much and that can be a complication that the contractor doesn’t need to face.

The term contractor is something that many fall under, but in essence they are just small business owners that are seeking to get their foothold in the industry that they are working in. Some succeed to become more than just a room in the house to work out of; the whole determination is if they are willing to make that leap and if they know how. Even if they are willing to make the leap, the lack of know how can be obtained with the services of a second party that can line out the framework that the contractor needs to follow. This can turn a one-man operation into an empire if they are willing to devote to the possibility and also have the drive to make it come true. It is a tall order, but one that can be done with direction, a stated commercial loan, and effort.