Perception is reality. Just look at the negative perception “Nervous Nellie” banks are creating about the increasingly poor prospects for financing commercial properties along the BP-oil-inundated Gulf Coast. Even big name lenders are feeding the perception that owners and developers of coastal commercial property have a better chance of finding a date on a deserted island than a bank willing to finance or refinance a commercial project on that 600-mile stretch of coastal property. That’s one perception; a negative one. ... Read More

Equity investors are chomping at the bit; ready to break loose from a preservation of funding strategy to one focused on the higher returns that are increasingly available in commercial real estate, particularly distressed property. Some equity investors aren’t waiting until the market fully bottoms out. They are anxious to get going now. Those heavily laden with joint venture equity funding are no exception. They are looking for experienced owners who want to purchase and operate CRE property being divested by banks with deteriorating ... Read More

Internet scam falsely uses Remington name to gain private information for identity theft purposes SCOTTSDALE, Ariz., May 12 /PRNewswire/ — Chairman and founder of Remington Financial Group, Andy Bogdanoff, has alerted the FBI and other law enforcement agencies that an email scam is falsely using Remington’s name to gain private information that may be used in identity theft. In making the announcement, Bogdanoff emphasized that none of Remington’s customer data had been breached by what appears to be a ‘copycat ... Read More

When it comes to providing access to commercial funding, Remington doesn’t deliver promises. It provides the most important commodity in the financial services industry – lenders and investors. Conventional and alternative. Hundreds of them in our global network of funding sources. All of them seeking new opportunities to deploy commercial funding across the funding stack. Even joint ventures. And not just for the big property deals. But for smaller property types as well; those that are often tougher to finance. Even in ... Read More

The new healthcare reform package has some industry experts predicting “a burst in pent-up demand” for medical care facilities. One expert went so far as to say, “It is not outside the realm of possibility that (medical office buildings) will need between 45 million and 60 million square feet of additional inventory over the next ten years to handle the influx of patients.” Even before the Administration’s yearlong effort to provide medical coverage to 30 million uninsured Americans, medical office assets were ... Read More

“Uncertainty” is the best you can say about the outlook for employment in 2010. The Administration doesn’t see the jobless rate dipping much below February’s 9.7 percent level anytime soon. This is not good news for the commercial real estate market, which needs job growth to kick-start its recovery. The problem is that persistent unemployment stagnates construction. It also breeds office and retail vacancies, which lead to cash flow problems and commercial loan defaults. For those commercial properties capable ... Read More

There’s only a liquidity crisis for those who don’t know where to look for commercial funding. Despite the on-going credit crunch, the funding markets specialists at Remington Financial Group are finding lots of lenders and investors in our global network of funding sources are ready, willing and able to finance viable commercial real estate projects. The record speaks for itself. Despite the on-going credit crunch, Remington arranged nearly a billion dollars in loan offerings during 2008-2009. During that challenging ... Read More

Borrowers often require follow-on financing when a construction loan comes due, and so lenders sometimes offer construction-to-permanent loan programs that provide construction loans during the building phase and longer-term fixed-rate financing that kicks in upon issuance of the certificate of occupancy.  This two-in-one loan process tends to be more convenient and less costly for borrowers in that there is only one loan application and one closing, with associated fees, instead of two. Because of the complexity of construction loan ... Read More

Scottsdale, March 24, 2010. Remington Financial Group hopes to dramatically expand its nationwide financial services capability by forming a joint venture company aimed at raising a $200 million commercial bridge loan financing fund. In announcing the formation of Secured Funding Income Fund LP (SCIF) with Black Hawk Funding Managers, Remington Chairman Andy Bogdanoff said, “Remington’s planned entry into the funding lending business represents an exciting expansion of its business plan and a reaffirmation of our commitment to providing ... Read More

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 funding sources during 2008-2009. “And the ... Read More