Nearly a billion dollars in loans approved in 2008-2009, despite credit crunch Scottsdale, AZ – March 4, 2010: “There are lots of lenders and investors ready, willing and able to finance viable commercial real estate projects in 2010, despite the on-going credit crunch. You just need to know where to look for them.” With that, Andy Bogdanoff, founder and chairman of Remington Financial Group, announced that Remington received nearly one billion dollars in financing offers from all types of capital sources during 2008-2009. “And the ... Read More

Scandals prompt Andy Bogdanoff to call for re-examination of industry fraud policies to regain public trust Scottsdale, February 26, 2010. Chairman and founder of Remington Financial Group, Andy Bogdanoff, is calling on the financial services industry to shore up fraud policies and rectify any deficiencies. “By doing so,” Bogdanoff said, “the financial services industry can help regain public confidence and trust, which has been sorely tested by recent scandals.” Bogdanoff has more than 35 years experience in the commercial real ... Read More

Private capital needed to save owners and developers from bankruptcy Scottsdale, Arizona, December 16, 2009 – “The commercial real estate industry is a disaster waiting to happen,” said Andy Bogdanoff, founder and chairman of Scottsdale-based Remington Financial Group, a leading capital services company. “With U.S. banks in a deep and continuing liquidity crisis and with $1.2 trillion in commercial debt due to mature by 2013, thousands of real estate owners and developers across the country will soon find themselves between a rock and ... Read More

On behalf a Philadelphia headquartered national apartment owner, Remington Financial Group, Inc. secured $5,800,000 senior financing to refinance and renovate a 103-unit apartment building in Washington, DC. Shortly after the property was acquired, the owner attempted to convert it to condominiums. However, after battling two and a half years of tenant-initiated legal opposition, and a subsequent failed disposition attempt, the decision to keep the property and reposition as a rental was made. When RFG was engaged, the property was 50 percent ... Read More

Remington Financial Group, Inc. secured an $11,500,000 non-recourse permanent mortgage fixed rate financing for a retail center in Sunrise, Florida. The most attractive feature of the financing was a 5.11 percent interest rate that was fixed for 10 years and amortized over 30 years. The loan refinanced the center’s existing higher rate mortgage. The property is a non-grocery anchored strip center built in 1987 that housed local tenants including an eight screen independent movie theater. In a rising interest rate environment, many savvy ... Read More

One of the largest franchised hotel owners for an international hotel group engaged Remington to secure financing for its portfolio of 2200 hotel rooms located in Orlando, FL. However, the challenges to complete the financing appeared insurmountable. The aging properties had lost their competitive edge to new hotels being developed in their market place and as a result slipped into bankruptcy. The second challenge was that they properties had approximately $100MM in first mortgage debt and where worth about $70MM. Just to add a bit more ... Read More

A NJ based manufacturer engaged Remington to restructure its existing defaulted financing and recapitalize the company’s operations. The 40 year old company, housed in its 90,000 square foot office/manufacturing facility, had a long track record of generating profits. Three years ago it lost several top customers to competitors and as a result began to lose money, which put its bank financing in default. RFG provided the company with a full range of financing options to correct its problems. The sale leaseback option was chosen as it ... Read More

An Atlanta based real estate owner turned to RFG to secure mezzanine financing for its class A retail property located in Buckhead Georgia. Based on the quality of the property and its rent roll, the borrower had numerous mezzanine options from which to chose. It ultimately chose to close with financing provided through the mezzanine program of one of RFG’s lenders. The lender’s willingness to provide higher leverage – 97percent LTV, more flexible terms, lower rate certainty and speed to closing over its competitors – made the ... Read More

A long time and repeat borrower of Remington once again selected RFG’s permanent financing to refinance its name brand hotel in northern Vermont. RFG 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 transaction was the seventh property financed by RFG over its long term relationship with the borrower which has been established on the borrower’s confidence in RFG’s execution and ... Read More

RFG, through its small loan program, originated acquisition financing to complete the purchase of a retail property in Raleigh, North Carolina. The principal, aware of RFG’s reputation to secure financing for extremely challenging transactions, engaged RFG to secure financing for their first commercial investment property. The borrower had no experience, below average credit and very little net worth. However, it had a sales contract on a solid real estate property at an attractive purchase price. RFG was able to get comfortable with the ... Read More