Remington Financial Group

Remington Financial Group offers a variety of options to access commercial capital. We are a strategic partner with an long track record of success, especially for projects previously not funded from conventional sources.

Debt Financing

Since our founding in 1993, Remington has been advising clients on the use of leading-edge financing strategies to help secure short- and long-term debt. We have extensive expertise in distressed debt transactions, bridge loans, and permanent loans, as well as forward takeout and standby commitments. The special access of the team at Remington to domestic and international private and institutional capital sources is a source of unique differentiation in the industry.

Mezzanine Lending

Remington offers a comprehensive program that accesses mezzanine and preferred equity capital providers nationwide. The program organizes available capital according to the providers’ preferred property type, geography, leverage level, term, type of security required, and other differentiating factors.

Equity Lending

Clients in need of a joint venture partner to meet required capital needs will find that Remington provides significant added value by advising on all components of a project’s capital structure. Our approach adds value to equity financing in a variety of ways.

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:

1. The most effective and connected Capital Markets Group that finds new alternatives to traditional bank financing.
2. Global capabilities, with minimum loan amounts of $500,000 in the US and $5,000,000 for international transactions.
3. 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 17^th

Where: Camelback Inn, 5402 East Lincoln Drive, Scottsdale, Arizona

For more information:

www.usasiaexpoarizona.com

www.remingtonfg.com

www.twitter.com/remingtonfg.com 

Contact: Doug Bruhnke, Growth Nation

doug@growthnation.com, (480) 459-7455

To refinance the Brand Hotel in north Vermont , permanent financing was selected by the long time and repeat borrower of Remington Financial Group.

Remington Financial Group competed with the borrower’s options and won based on the extremely low rate it was able to secure along with other favorable terms such as low reserves and short time frame to close. This was the 7th deal transaction by Remington over an extended period which was based on the reliability and confidence portrayed in Remington by the borrower. This loan was set up on a ten year term with a rate fixed at five percent on a thirty year amortization.thirty-five %.

With its small loan service, Remington Financial Group began acquisition funding to secure buying retail property in the Raleigh, North Carolina market. Because of their ability to acquire funding for very difficult deals, the principal engaged Remington Financial Group to obtain funding for their first commercial investment property.

The individual borrowing the funds had a low credit score, no experience, and little overall net worth. A substantial real estate property had a sales contract at a very competitive price, though. Remington Financial Group was able to settle the deal due to the properties strength and the borrower’s seemingly good insight throughout the financial stage of the process. As a result, Remington structured $960,000 senior and mezzanine financing which represented a 95 percent LTV when combined with the seller financing which occupied a third mortgage position. A combined rate of 7 was used to supply senior and mezzanine financing. 3/4 spread over a period of seven years as well as 25 year amortization.

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.