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 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 capital,” 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 capital sources, including banks, private lenders, correspondents, and others. Included are approvals across the capital 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 Capital Markets Group has established strong relationships.” This network of capital 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.”

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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 capital 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 capital 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 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 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 recapitalization with private capital sources can help many of the nation’s distressed real estate owners and developers. To assist distressed owners, Bogdanoff introduced a new recapitalization 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 capital advisory services of Remington with access to hundreds of active private funding sources ready, willing, and able to recapitalize troubled commercial real estate assets across the capital stack.”

An early recipient of funding in the new recapitalization 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 capital can help fill the potentially disastrous gap that is being created in the capital markets by the on-going liquidity crisis,” Bogdanoff said.

The Distressed Owner Recapitalization 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 capital 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 capital stack, commercial real estate and general business clients of Remington have access to some of the industry’s best sources of commercial capital.

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 Recapitalization (DOR) Program by Remington Financial Group focuses on helping troubled owners and developers. The Capital 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 capital stack. When better access to active funding sources is combined with expert advisory services, the DOR Program will positively impact owner recapitalization. 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 recapitalize 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 capital 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 recapitalize 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.

When RFG was engaged, the property was 50 percent vacant, in significant disrepair and its senior financing was in default. Despite these obstacles, RFG quickly secured financing commitments from two prominent banks that became comfortable with the submarket and its ability to support higher rents. The loan provided 100 percent of the costs to refinance existing debt, fund renovation costs and an interest reserve. The pricing was one percent over Prime with a three year term. Upon stabilization, the loan converts into a competitively priced long term permanent loan. This property was the borrower’s fourth financing transaction arranged by RFG.

Remington Financial Group, headquartered in Arizona, is a national real estate investment bank that arranges and provides bridge, mezzanine, equity, construction and permanent financing to projects ranging from income producing real estate to residential lot development and condo conversions.

This transaction is an example of such a circumstance. One of Florida’s most prominent real estate families engaged RFG on an exclusive basis to secure new financing for their center and also coordinate the defeasance of their existing mortgage. RFG advised its client to fix the rate at application which paid off as the Treasury was over 4.25 percent at the time of closing. RFG’s lender provided an 80 day rate lock without cost to the borrower. RFG provided defeasance services without cost to the client as well, both examples of how extremely low transactional costs were passed onto the borrower as a result of working with RFG.

RFG recognized that this portfolio was not an asset that the lender wanted. Based on its standing relationship with the existing lender, RFG was able to negotiate a discounted pay-off on the senior financing. This event triggered a taxable liability to the borrower that required additional capital to fund this expense. Also, the environmental problem required significant capital to correct. To solve these needs and the need for additional capital to invest into the properties to help reposition and upgrade the portfolio and make competitive within its market, RFG had to secure mezzanine financing for a very speculative business plan.

RFG was able to secure market rate non-recourse senior financing and participated in the mezzanine capital tier to provide a $58MM package of financing that allowed the borrower to retain 100 percent ownership in the properties and emerge from bankruptcy. The transaction closed in 45 days.

RFG provided the company with a full range of financing options to correct its problems. The sale leaseback option was chosen as it solved several problems at once. By selling its real estate to one of RFG’s investors, the company received 100 percent of the building’s market value, engineered a favorable long term lease that was less costly than its original debt service and provided capital to fund company initiatives to rebuild its business while simultaneously reducing its taxable exposure. The company has retained RFG as its outsourced finance department to arrange additional asset based financing as it re-establishes profitability.

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 decision easy for the borrower. The mezzanine financing was structured to be subordinate and coterminous with the $12MM senior CMBS financing and allowed for repayment at anytime after 12 months without penalty.

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 reliability. The financing was structured with a 10 year term, 30 year amortization and a fixed rate of 5.35 percent.

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 deal based on the strength of the property and the borrower’s demonstrated business acumen throughout the financing process. As a result, RFG structured $960,000 senior and mezzanine financing which represented a 95 percent LTV when combined with the seller financing which occupied a third mortgage position. The senior and mezzanine financing was provided at a blended rate of 7.75 percent over a seven year term and 25 year amortization.