Remington Capital – Travis Schmidt

Up until recently, lenders and special servicers have done little to deal with the mounting volume of distressed mortgages in CMBS pools because it is so difficult to get all interested parties on the same page. But now the sheer volume of distress is forcing their hand.
In March, the unpaid balance on CMBS loans transferred [...]

The Remington Chairman Andy Bogdanoff recently met with national experts to discuss breaking through the current commercial real estate liquidity crisis.

Despite the world’s economic trials and tribulations, Remington continues to expand and grow financing options for our brokers.

I’m pleased to further announce a new website that more broadly covers mezzanine financing options with Remington. It is located here: www.remingtonfinancialmezzaninefinancing.com

I’m also proud to announce three short webinars that are available 24/7 that explains how you too can benefit from our recent successes. Here they are – feel free to connect any time and then please give me a call and let’s talk about how we can help you.

Remington was able to complete the transaction due to the strength of the property and the borrower’s good insight throughout process. As a result, Remington structured $960,000 senior and mezzanine financing, representing a 95 percent LTV when combined with the seller financing which occupied a third mortgage position.

Our team’s ability to reconcile the interests of borrowers and lenders while structuring creative solutions in the most challenging transactions is what differentiates Remington from other capital services companies.