Remington Capital

I am proud to report that Remington has more access to capital now than ever before. Remington has built a track record for getting projects funded since our inception in 1993. The credit for our growth in capabilities can be directly aimed at our Capital Markets Division. Our Capital Markets Division is headed up by [...]

I’m often asked by new brokers as we get started working together why they need to pay a fee to use Remington. At some level I understand their concern – they don’t know Remington yet and how completely we can help with their transaction – with access to commercial capital and expert advisory services. At [...]

The combined market-focused expertise of our Structured Finance Group at Remington and our Capital Markets Group, with its global network of public and private capital sources, takes the guess work out of construction lending so that our commercial real estate clients are able to secure the best possible interest rates and terms consistent with their objectives and market conditions at the time.

Typically, a hard money loan vehicle is put in place to fund as quickly as 10-14 days, in comparison to where a conventional loan will take an average of 45-60 days. In exchange for the quick funding, you are going to be given an interest rate in the range of 12-16% with a loan term ranging from 6-18 months. There will also typically be an origination fee due at closing of 4% of the loan amount.

Here are Remington I’m often presented with a project that is very highly leveraged where the broker referring the deal insists that it should be a ‘slam dunk’ and deserves a straight debt loan quote. It is important that we are able to come to an understanding of where this particular project fits into the capital stack.

In the world of 100% financing, JV is the king. JV is an acronym for Joint Venture which is an equity participation loan that combines debt and equity.

Brokers are utilizing our fresh access to commercial capital and creative restructuring concepts to close more deals.