A long time and repeat borrower of Remington once again selected Remington’s permanent financing to refinance its name brand hotel in northern Vermont.

Remington 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 Remington over its long term relationship with the borrower which has been established on the borrower’s confidence in Remington’s execution and reliability. The financing was structured with a 10 year term, 30 year amortization and a fixed rate of 5.35 percent.