That’s one perception; a negative one. Here’s another; a brighter one. “If banks can’t or won’t support the financing needs of distressed commercial properties on the Gulf Coast,” Andy Bogdanoff said, “then private funding may well be the best way for many owners and developers to avoid bankruptcy. And Remington, with hundreds of well-heeled sources of private funding in its global network, is reputed to be the best source of commercial funding in the country, particularly for those unable to find traditional financing.”

With commercial real estate values in the Gulf Coast area expected to fall another 10% on top of the 40% or so drop experienced already nationwide since 2007, “Many of the entrepreneurial lenders and investors we work with are biting at the bit to enter the Gulf Coast’s artificially low market,” Andy explained. “They see the Gulf Coast market as a huge investment opportunity, particularly as more and more banks become increasingly willing to discount or even walk away from existing loans.”

Andy described the availability of billions of dollars of alternative funding in Remington’s global network of funding sources as “an equally unique opportunity for the commercial real estate community to step outside its normal comfort zone and explore new avenues of commercial financing in these challenging times.”

So if you are looking to finance or refinance an existing property, or refundingize a troubled
one, give me a call and let’s discuss the world of funding options available to you at Remington Financial Group. For more information on Remington, log on to www.remingtonfg.com

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 portfolios. These investors are also providing joint venture funding to experienced owners and developers who need to refundingize their commercial property or project.

This is good news for commercial mortgage brokers, borrowers – and Remington Financial Group. For brokers and borrowers, it’s an emerging opportunity. For Remington, it’s a way to demonstrate the strength and diversification of our global network of funding sources, which includes access not only to sources of senior debt and mezzanine financing but also equity investors with significant amounts of joint venture funding ready for deployment.

No stranger to joint venture deals, Remington for years has been arranging JV financing for projects, such as senior care facilities, mixed-use and hospitality properties, and many others, often securing up to 100% financing. While such projects typically range from $1 million to $15 million, the financing specialists at Remington have secured as much as $140 million in joint venture financing on past transactions. So if you are looking for financing, including joint venture financing, or to refinance an existing property, or refundingize a troubled one, give me a call and let’s discuss the world of funding options available to you at Remington Financial Group. For more Remington Joint Venture information log on to remingtonfinancialgroupjointventure.com

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 email’ scam similar to those that attempted to victimize bank and credit card customers in the past. Remington is a national financial services company, specializing in providing commercial real estate owners and developers with access to needed funding. Since 1993, Remington has arranged more than $5 billion in financing for all types of commercial property. Remington uncovered the “phishing” scheme through routine monitoring of the Internet for potential fraud activity. “In keeping with Remington’s fraud policy,” Bogdanoff said, “we referred the data we collected to the appropriate law enforcement agencies, including the Federal Bureau of Investigation and appropriate state and local authorities.” Earlier in the year, Remington implemented what is believed to be the most comprehensive and stringent fraud policy in the financial services industry. At the time, Bogdanoff called on others in the industry to “shore up” their fraud policies and to 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.” The Remington Financial Group Fraud Policy includes strict monitoring controls and rigorous due diligence procedures designed to protect the integrity of the company and the interests of every person and entity involved in Remington activities. “My hope is that Remington’s Fraud Policy will become the ‘gold standard’ throughout the industry,” Bogdanoff said. “At Remington, our goal is clear: To be super-vigilant against even the hint of fraudulent or other inappropriate activity by any employee, customer or lender associated with Remington. Any such behavior will not be tolerated. And any violation of this policy will be met with swift and appropriate disciplinary or legal action,” Bogdanoff said.

For more information:

www.remingtonfg.com

Contact:

Neil Wintle
apply@remingtonfg.com
(480) 905-3239
(877) 597-4458 – toll free

Even in credit tight times, Remington has a vast array of funding sources standing by, ready, willing and able to get the job done competitively for virtually any commercial real estate project requiring a minimum loan size of $500,000. That’s why brokers and their clients across the country have come to rely on Remington as your best access to commercial funding.

Being the industry’s best access to commercial funding didn’t happen by accident. It is the result of day-in-and-day-out hard work searching the world over for new sources of funding by the dedicated professionals in Remington’s Funding Markets Group. Staffed with specialists in venture funding, CRE lending, institutional investment consulting and other financial services, the Funding Markets Group has amassed a worldwide network of some 500 well-funded public and private sources of funding and built solid relationships with each and every one.  Included are banks, life insurance companies, pension funds, and other institutional and private investors.

Even before the Administration’s yearlong effort to provide medical coverage to 30 million uninsured Americans, medical office assets were deemed “more stable” than traditional office properties. For one thing, healthcare remains the strongest sector of the economy. For another, only 1% of medical office buildings were rated as distressed last year, whereas about 3% of traditional office assets were viewed as being at risk of default or foreclosure.

All of which is good news for savvy brokers.

“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 of meeting today’s stringent underwriting standards, financing and refinancing is always an option at Remington due to the company’s global network of 500 active lenders and investors available to us even in the toughest of times.

But what’s in store for those highly leveraged properties with values that have plummeted to well-below original senior debt? What can they expect when their debt matures from a funding market that most experts doubt has sufficient bank liquidity to refinance even half of the $1.4 trillion of commercial debt due to mature over the next few years? Some owners may have to sell out, if they can find a buyer. Others may resort to bankruptcy or just give the keys to the bank. For many, however, the answer may be refundingization. At Remington, we call it our Property Recovery Option or PRO.

For PRO candidates, Remington’s Markets Group has access to billions of dollars of commercial funding available to invest in viable properties. Included are private equity funds, institutional and individual investors, certain corporations, and others.

Remington Founder and Chairman Andy Bogdanoff, a commercial real estate finance expert for nearly 40 years, describes the company’s new Property Recovery Option as “a timely answer to a mounting industry problem and an innovative opportunity for savvy brokers.”

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 period, Remington secured $953.7 million in lender approvals for transactions involving industrial, hospitality, land, multi-family, office, and retail projects. Moreover, lender approvals are continuing in 2010.

Offers are coming in from all types of funding sources, including banks, private lenders, correspondents, and others. Included are approvals for new construction, permanent financing and refinancing. We also have received offers to finance business expansion through SBA programs with real estate as collateral.

There are two reasons Remington has had that kind of success in today’s challenging market. The first is our Structured Finance Group of well-trained and market-focused consultants. These top-notch specialists provides each and every CRE client with hands-on counseling and guidance through every step of the complex transaction process from origination to closing, no matter how large or small the transaction may be.

What really puts Remington a step ahead of our competition is the global network of nearly 400 active lenders and investors with whom our Funding Markets Group has established strong on-going relationships. This cross-section of funding sources offers a variety of commercial financing options, including joint ventures, equity, mezzanine, and senior debt financing, as well as bridge and construction loans, in minimum loan amounts of $500,000 in the U.S. and $5 million aboard.

Because of the complexity of construction loan financing, borrowers may find it difficult to compare construction-to-permanent loan financing with the two-loan process. That’s where we can help.

The combined market-focused expertise of our Structured Finance Group at Remington and our Markets Group, with its global network of public and private funding 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.

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 the best access to commercial funding for real estate brokers and their clients nationwide.”

Currently raising institutional interest in SCIF is Secured Opportunity Management, LLC, a joint venture company formed to manage the proposed bridge loan financing fund. Bridge loans are short-term equity financing that “bridges” the gap between funds needed now and when longer term-term financing becomes available.

“Our intent is to create an equity fund with a powerful origination capability,” Bogdanoff said “When active, SCIF will have the capability of identifying the bridge loan needs of all the loan originations transacted annually by Remington and Black Hawk.” On average, about 20% of the loan originations transacted by Remington require bridge loan financing.

An expert in the commercial real estate industry for more than 35 years, Bogdanoff founded Remington in 1993. Since then, the financial services company has arranged about $5 billion in commercial real estate transactions for all types of property across the funding stack. Black Hawk, its joint venture partner, is a restructuring and bridge loan specialist, closing over $1.5 billion of commercial transactions since 1995.

For more information about Remington:
www.remingtonfg.com
www.twitter.com/remingtonfg.com

Contact: Neil Wintle
apply@remingtonfg.com
(480) 905-3239
(877) 597-4458 – toll free

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 influx of lender approvals continues in 2010,” Bogdanoff said.

Bogdanoff, in the financial services industry for 35 years, founded Remington Financial Group in 1993. Since then, the company has grown into a successful national financial services company, structuring billions of dollars in debt and equity transactions for thousands of commercial real estate owners and others throughout the U.S. and abroad.

Positioned as the industry’s “best access to commercial funding,” Remington received lender approvals during the 2008-2009 period for all types of commercial property, including lender approvals on transactions totaling $953.7 million. Involved were offerings for industrial, hospitality, land, multi-family, office, and retail projects.

“Offers are coming from all types of funding sources, including banks, private lenders, correspondents, and others. Included are approvals across the funding stack for new construction, permanent financing and refinancing. We have also received offers to finance business expansion through SBA programs with real estate as collateral.”

Bogdanoff attributes the success of Remington Financial Group to two things: “The first is the company’s Structured Finance Group, which is at the core of our financial services business. This staff of well-trained and market-focused consultants provides each and every Remington client with hands-on advice and expert guidance through every step of the transaction process from origination to closing,” Bogdanoff said.

“But what really puts Remington a step ahead of our competition is the company’s global network of nearly 400 active lenders and investors with whom our Markets Group has established strong relationships.” This network of funding sources offers brokers and their clients a variety of commercial financing options, including joint ventures, equity, mezzanine, and senior debt financing, as well as bridge and construction loans, in minimum loan amounts of $500,000 in the U.S. and $5 million aboard.”

___________________

For more information about Remington Financial Group log on to:
www.remingtonfg.com

Or contact Neil Wintle
apply@remingtnfg.com
(480) 905-3239
1 (877) 597-4458