Distressed Owner Recapitalization Program
Remington Financial Group has several financing programs for commercial real estate brokers working with property owners. One is the Distressed Owner Recapitalization (DOR) Program, which was inspired by Andy Bogdanoff, Chairman of Remington. Andy Bogdanoff has been in the financial services industry for 35 years and founded Remington Financial Group in 1993.

For owners and brokers unable to refinance loans, Remington can tie together our expert capital advisory services 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 example recipient of funding arranged by Remington was an RV park that required property upgrades in order to reverse declining sales. Acting as financial adviser, Remington restructured the distressed owner’s business plan in such a way that he could successfully tap into our extensive network of private lenders and investors. Instead of having to sell or declare bankruptcy, the owner secured a loan to stay in business.

Debt Refinancing Webinars
Remington has several short webinars available to introduce and explain the recapitalization program. We have a backlog of funding and are busy with brokers finding commercial property owners – contact us today.

Distressed Owner Recapitalization Program Intro Video from Remington by Tyler Hufford
Webinar on Recapitalizing Distressed Owners by Donavon Ostrom of Remington
Webinar on Marketing to Distressed Owners by Shayne Fowler of Remington

DOR Program Details
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.

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.