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

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

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 estate industry. Founded in 1993, Remington Financial Group has grown into a national financial services company, arranging over the years more than $5 billion in real estate financing for all types of commercial property across the funding stack.

Taking the lead in the effort to regain public trust in the industry, Remington has implemented what is believed to be the most comprehensive and stringent fraud policy in the financial services industry. “The Remington policy,” Bogdanoff said, “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,” Bogdanoff said, “is that our Fraud Policy will ultimately become the ‘gold standard’ throughout the industry.”

“Our goal,” Bogdanoff said, “is to be super-vigilant against even the hint of fraudulent or other inappropriate activity by any employee, customer or lender. Such behavior will not be tolerated at Remington Financial Group. Any violation of this policy will be met with swift and appropriate disciplinary or legal action,” Bogdanoff said.

For more information on Remington Financial Group’s fraud policy click here.

About Remington Financial Group

Over the years, Remington Financial Group has built an enviable track record of closing even the most challenging debt, mezzanine, and equity transactions. Our experienced associates specialize in developing and executing financing structures that turn often-problematic transactions into successful closings. The strong relationships Remington has built with hundreds of active funding sources around the world provides real estate brokers and their clients with the best access to commercial funding in the industry today.

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

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

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 funding 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 a hard place when their loans mature,” Bogdanoff told a meeting of industry representatives.

Bogdanoff, who has been in the financial services industry for 35 years, founded Remington Financial Group in 1993.

“Even if bank liquidity weren’t an issue, estimates are that two-thirds of the securitized loans and half of the whole loans due to mature between 2010 and 2013 would not qualify for refinancing due to today’s more stringent banking standards,” Bogdanoff said.

Bogdanoff added that the unprecedented high cost of funds, coupled with a 40% decline in real estate values since 2007, further compounds the problem. “With property values less than the original debt, thousands of owners and developers may have no choice but to sell their properties at a loss or face bankruptcy when their loans mature. If the problem isn’t solved soon, the result could be a disaster for the commercial real estate industry and the U.S. economy as a whole.”

Bogdanoff told the group he believes refundingization with private funding sources can help many of the nation’s distressed real estate owners and developers. To assist distressed owners, Bogdanoff introduced a new refundingization program that bypasses traditional banking sources. “This program is aimed directly at distressed owners and developers,” Bogdanoff said. “For those unable to refinance loans, we can tie together the expert funding advisory services of Remington with access to hundreds of active private funding sources ready, willing, and able to refundingize troubled commercial real estate assets across the funding stack.”

An early recipient of funding in the new refundingization program by Remington is a Michigan-based recreational vehicle park that required property upgrades in order to reverse declining sales. Despite adequate cash flow and a solid financial history, lenders refused to refinance the maturing loan because declining property values caused a loss of equity. Acting as financial adviser, Remington creatively restructured the distressed owner’s business plan in such a way that it could successfully tap into its extensive network of private lenders and investors. Instead of having to sell or declare bankruptcy, the distressed owner secured through Remington a $1.58 million SBA 7(a) loan priced at prime plus 2.5%, with 90% LTV (loan-to-value) and amortization over 25 years.

“This is just one example of how creative financing expertise combined with access to private funding can help fill the potentially disastrous gap that is being created in the funding markets by the on-going liquidity crisis,” Bogdanoff said.

The Distressed Owner Refundingization Program by Remington is being expanded this week with a broad introduction to top brokers across the US.

About Remington Financial Group

Since 1993, Remington Financial Group has built a successful track record of closing the most challenging debt, mezzanine, and equity funding transactions. Our experienced associates specialize in developing and executing financial structures that turn problematic transactions into successful closings. Because of the company’s strong connections to hundreds of active funding sources across the funding stack, commercial real estate and general business clients of Remington have access to some of the industry’s best sources of commercial funding.

For more information:
www.remingtonfg.com
www.twitter.com/remingtonfg.com
Contact: Doug Bruhnke
doug@growthnation.com
(480) 459-7455

(see additional information attached)

REMINGTON FINANCIAL GROUP DISTRESSED OWNER RECAPITALIZATION (DOR) PROGRAM SUMMARY

While much of the commentary in the commercial real estate industry today focuses on investor opportunities to acquire distressed debt, the Distressed Owner Refundingization (DOR) Program by Remington Financial Group focuses on helping troubled owners and developers. The Funding Markets and Structured Finance groups at Remington are offering solutions every day to the ongoing liquidity crisis by providing access to more active funding sources across the funding stack. When better access to active funding sources is combined with expert advisory services, the DOR Program will positively impact owner refundingization. These groups are helped:

• For experienced owners of existing income-producing properties looking to refinance, the program by Remington offers access to investors that will purchase the note from the bank at a discount. Owners will continue to make the original payments to the new investor and participate in the up side when values increase.

In those instances where the bank won’t discount the note for the income-producing property, Remington has access to investors that will refundingize it. They will provide the equity and/or mezzanine financing required to secure new senior debt of 50-65% LTV. Owners will participate in the upside once the market improves.

• For experienced developers of partially completed projects that need funding to finish and operate the property, Remington has access to investors that will purchase the note from the bank at a discount, allowing the developer to complete the project and operate the property. The developer will continue to make the original payments to the new investor and participate in the upside when property values increase.

In those instances where the bank won’t discount the note for partially completed projects, Remington has access to investors that will refundingize the project through completion, providing the equity, mezzanine financing, and/or senior debt to payoff the existing construction loan. The developer participates in the upside once the market improves.

Phoenix, September 23, 2009. Remington Financial Group has reached out to industry expert Donavon Ostrom to become director of their newly formed Markets Group.

Ostrom has more than 25 years of real estate development and financing experience. He will apply his financial services industry expertise to identify, develop, and nurture traditional lender and alternative financing relationships on behalf of clients looking to secure financing.

“Lender affiliations are critically important to our business, and Donavon’s breadth of knowledge makes him uniquely qualified to understand lenders’ priorities,” said Andy Bogdanoff, founder and chairman of Remington Financial Group. “He will add significant value to Remington by creating, fostering, and enhancing both new and existing lender relationships. This is always important, but in the current market, it is critically important.”

Ostrom co-founded Outsource International, LLC and has served as chief operating officer and senior vice president at Express America Mortgage Corporation. He has also served as retail head of production and vice president for FBS Mortgage, Inc. (a subsidiary of First Bank System) and as national production manager and senior vice president of CrossLand Mortgage Corporation (a subsidiary of First Security Corporation).

“The extensive private and public lender network of Remington gives clients the best access to funding,” says Ostrom. “I’m excited to be a part of this experienced and creative team, and I look forward to further enhancing the company’s funding capabilities.”

About Remington Financial Group

Since 1993, Remington Financial Group has built a successful track record of closing even the most challenging debt, mezzanine, and equity funding transactions. Our experienced associates specialize in developing and executing financial structures that often turn problematic transactions into successful closings. Because of the company’s strong connections to hundreds of active funding sources across the funding stack, commercial real estate and general business clients of Remington have access to some of the industry’s best sources of commercial funding.

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

Contact: Doug Bruhnke
Growth Nation
doug@growthnation.com
(480) 459-7455

Phoenix, September 16, 2009. The US Asia Expo has asked Founder and Chairman Andy Bogdanoff of the Remington Financial Group to discuss global commercial real estate opportunities and challenges. In the industry for over 35 years, Bogdanoff’s firm Remington Financial Group has developed access to funding in world markets that is second to none.

“When it came to finding an expert in commercial funding access with the experience to have been through highs and lows of the market, we thought of Andy Bogdanoff,” said a spokesperson for the organizing committee. “We’re in a deep economic low, and so we look forward to hearing his opinion about what’s next across all levels of the funding stack.”

Bogdanoff’s expertise, creativity, and connections to investors make him respected and well known in the financing world. Therefore it’s no surprise that he was recognized as a key investment expert at the US-Asia Expo Arizona.

The Expo will be presented in cooperation with leading organizations for the exchange of ideas and the development of global business opportunities across 45 countries.

About Remington Financial Group

Since 1993 Remington Financial Group has built a successful track record of closing the most challenging debt, mezzanine, and equity funding transactions. Our clients receive the best access to commercial funding. We have strong connections to hundreds of active funding sources across the funding stack. The experienced team at Remington develops and executes financial structures that turn problematic transactions into closings.

Remington Financial Group has:

1. The most effective and connected Markets Group that finds new alternatives to traditional bank financing.
2. Global capabilities, with minimum loan amounts of $500,000 in the US and $5,000,000 for international transactions.
3. An experienced and innovative advisory service team with the highest integrity and your best access to commercial funding.

What: US-Asia Expo Arizona, Investment Panel
When: Thursday, September 17th
Where: Camelback Inn, 5402 East Lincoln Drive, Scottsdale, Arizona

For more information:
www.usasiaexpoarizona.com
www.remingtonfg.com
www.twitter.com/remingtonfg

Contact: Doug Bruhnke
Growth Nation
doug@growthnation.com
(480) 459-7455