Remington Capital

In Scottsdale, I am meeting developers on a daily basis that want to know, can I get financing through my local outlets. They are so used to being able to walk into their local banks to get their construction and development financing. The message that I keep relaying to them is, No. Unfortunately, the banks are not currently interested in seeing new construction as they have an outstanding amount of current debt in their books. I have had developers represent to me that they can put 50% of the total project cost down and their banks are still saying no.

Remington of Scottsdale Arizona has the answers to these queries in problematic times. We have successfully built a track record of getting hard to do deals done in times of need. Remington works with hundreds of sources of capital, which cover the entire capital stack. In most all cases, our clients have been turned down by all conventional outlets, and it is a hard pill for them to swallow. They love the services Remington offers because we can show them the light, and work with them on ways to get their transaction closed.

Recently, we have launched our DPR program, which specializes in helping real estate owners who currently own distressed properties get refinanced. We have cornered the market with this program, and have had great success.

Additionally, we are working in a Joint Venture capacity to develop our own bridge fund. This development is in the due diligence process and looks to be very promising.

For additional info, or to present a loan scenario please send me an email or give me a call, my contact info can be found below.

Aaron Bogdanoff
(480) 390-9208
aaron@remingtonfg.com

Tags: bank financing, construction financing, construction loan, distressed real estate