Posts Tagged ‘commercial equity loans’
New Program from Remington Serving Distressed Owners and Developers
Thanks to our Chairman Andy Bogdanoff, Remington Financial Group is introducing the Distressed Owner Recapitalization (DOR) Program focusing on helping troubled owners and developers.
The commercial real estate industry is a mess. With $1.2 trillion in commercial debt maturing by 2013 and with U.S. banks in a deep liquidity crisis, real estate owners across the country are between a rock and a hard place.
We’re doing something about it. We are introducing an investor-driven recapitalization program that pulls capital from private and institutional banking sources. We’re leveraging our special access to commercial capital in order to support brokers and their clients in this tough situation.
The new program ties together the expert capital advisory services of Remington with a nationwide network of well-funded investors that are ready, willing, and able to recapitalize troubled commercial real estate assets.
Call our team for more information. If you’re a broker looking to more effectively support your client base, let’s get you into program so that you and your clients can benefit as soon as possible.
We look forward to working with you on this new program.
Chairman Andy Bogdanoff to Speak on Access to Global Commercial Capital
Phoenix, September 16, 2009. The US Asia Expo has asked Founder and Chairman Andy Bogdanoff of the Remington Financial Group to discuss global commercial real estate opportunities and challenges. In the industry for over 35 years, Bogdanoff’s firm Remington Financial Group has developed access to capital in world markets that is second to none.
“When it came to finding an expert in commercial capital access with the experience to have been through highs and lows of the market, we thought of Andy Bogdanoff,” said a spokesperson for the organizing committee. “We’re in a deep economic low, and so we look forward to hearing his opinion about what’s next across all levels of the capital stack.”
Bogdanoff’s expertise, creativity, and connections to investors make him respected and well known in the financing world. Therefore it’s no surprise that he was recognized as a key investment expert at the US-Asia Expo Arizona.
The Expo will be presented in cooperation with leading organizations for the exchange of ideas and the development of global business opportunities across 45 countries.
About Remington Financial Group
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.
Remington Financial Group has:
- The most effective and connected Capital Markets Group that finds new alternatives to traditional bank financing.
- Global capabilities, with minimum loan amounts of $500,000 in the US and $5,000,000 for international transactions.
- An experienced and innovative advisory service team with the highest integrity and your best access to commercial capital.
What: US-Asia Expo Arizona, Investment Panel
When: Thursday, September 17th
Where: Camelback Inn, 5402 East Lincoln Drive, Scottsdale, Arizona
For more information:
www.twitter.com/remingtonfg.com
Contact: Doug Bruhnke, Growth Nation
doug@growthnation.com, (480) 459-7455
Remington Financial Group Obtained $58,000,000 in Debt and Mezzanine Funding
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.
Commercial loans are more than just borrowing money
Many banks offer commercial equity loans, yet these are not the only institutions that offer these. There are also investors that are willing to take a chance on a business and even other companies that will invest the funds in the form of a loan. This is especially the case when the loan is rock solid and that there is a good chance of this being the foundation for future help for the company.
What many companies fail to realize is that helping a business in the commercial equity loans can also help them if the business succeeds. This is free advertising for the loaning party and can also be a major motivation with the commercial equity loans, assuming that this is a choice that will take the business towards future success.
Owning the property that the business calls home is a major factor in not just the worth of the company, but also its stability. There is no landlord to throw them out for a better deal and there is no chance of the land being demolished for modernization. These are two factors that can be a debilitating blow to many companies that are well known for their location and are seeking to have the business in the same location for the long haul.
One other ploy that the commercial equity loans can help in is expansion. To have a second location is a challenge, but one that can pay off if the selection is well chosen and is not in the range of the first store. This can create a new field of clients and also help in the growth of the company overall. This is also a good way of exposing the company to possibly other cities and even other states. Some have used this as a launching pad for even going international, as they have been able to use the existing property as the base for the commercial equity loans so that there is little concern of its repayment.
There are many options that can come from commercial equity loans if the business has the vision and the direction to make them become more than inspiration. This is a major choice, but one that can make a chain of locations and something more than what was originally envisioned by the owner or those that have become part of the business.
Commercial equity loans are the biggest choice you can make
Aside from the choice of starting a business, choosing the best of the commercial equity loans can be the biggest choice that you can make. This is a pivotal step in any business that is seeking to make a major stake in the industry and to prove that they are going to be around for the years to come.
There are many options that a company can choose in commercial equity loans. There are even more lenders that they can select as well. This is where the homework comes when they choose among the masses that have the world to offer. The selection of a commercial loan is choosing the best for the company and what will make for the best future that is in the outlook.
With all that can be offered in commercial equity loans, a number of companies will seek out the best company or bank for the loan. They never see the smaller brands that have just as a much to offer, if not more. This has resulted in one of the poor commercial equity loans that has resulted in the businesses struggle to survive or their eventual death.
More companies have made this mistake than should have. This has made for a lot of headaches and troubles that could have been avoided if the company was willing to shop around or even look for a second resource that could find the best deal for them. These stumbling blocks have been the reason why many companies will not consider expanding beyond renting and never getting to the size that they could be if they just took the chance.
The safe road is a consideration, yet one that has wound up making many companies trapped in the confines of what they can do in the course of their lives. Perhaps the guiltiest of this avenue are the family businesses that see that since the family is small in scope that the business should be as well. This not only denies the world of an incredible option in a business, but it also denies the business from being what it could.
The good selection of commercial equity loans can make all the difference of where a company will have their business, but is also the foundation of the future for a business that can expand and grow. Even a family business can see the worth of a success and the validity to commercial equity loans.
