Suppose your client has $2 million in senior debt on an apartment complex that represents 50% LTV. Your client is calling you because he needs another $1.2 million to complete upgrades and repairs, but the bank won’t refinance his project up to 80% LTV. You could spend time trying to find a lender who would refinance this project up to 80% LTV, and if you were lucky enough to find someone the interest rates are likely to be higher than the financing currently in place on the project. Perhaps a better suggestion would be to secure mezzanine financing to supplement the existing loan and get the total financing up to 80%.

As compared to financing for residential properties, commercial properties are much more unique and seeking the correct type of financing is more nuanced. This is also one of the reasons that your clients need your expertise to help them get the financing they need.

Despite the world’s economic trials and tribulations, Remington continues to expand and grow financing options for our brokers. Here are some recent transactions in hospitality.

$12.5 MM – Hotel, Permanent Financing – GA

$23.5 MM – Hotel, Permanent Financing – PA

$13 MM – Hotel, Construction Financing – NY

$4.5 MM – Hotel, Bankruptcy Reorganization Financing – MO

$12 MM – Hotel, Permanent Financing – VT

$62.6 MM – Hotel, Acquisition / Redevelopment Financing – IL

$17.6 MM – Hotel, Construction Financing – NJ

$7 MM – Two Hotels, Acquisition Financing – GA

For hospitality or other commercial real estate segments, let’s talk about financing for your situation.

Our experience and knowledge of equity structures for investors is unmatched in the industry. The Remington approach is to fully understand and contribute to the business plan. Our analysis of the transaction is based on real-time knowledge of the current capital markets. This allows Remington to build the right equity structure and involve the right equity partners based on the client needs and what is possible in the market.

The combined market-focused expertise of the Structured Finance Group at Remington and our Capital Markets Group, with its global network of public and private capital sources, takes the guess work out of equity investing so that our clients are able to secure the best possible terms consistent with their objectives and market conditions at the time.

You can learn more here at www.remingtonfinancialequity.com. For more information on types of equity capital, please give me a call and let’s see if there are options that make sense for you or your client.

1.      Senior Debt

2.      Mezzanine Debt

3.      Preferred Equity

4.      Sponsor Equity

 Our team at Remington is well-equipped at every level of the capital stack with the best access to active lending funding sources. We are also in an unmatched position to guide owners and brokers to the optimum financing structure.

Wishing you the best in 2010. I hope we can talk soon about how we can help.  Thank you – Travis Schmidt

A potential client of Remington intended to purchase retail property in the Raleigh, North Carolina area. Because of the ability by Remington to acquire funding for very difficult deals, the principal engaged us to obtain funding for their first commercial investment property.

The individual borrowing funds had a low credit score, no experience, and little overall net worth. However a substantial real estate property had a sales contract at a very competitive price. 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. A combined rate of 7 was used to supply senior and mezzanine financing, 75% spread over a period of seven years with 25 year amortization.

At Remington we work with both experienced and new investors through our broker network to complete the most difficult transactions.  We pride ourselves on our fresh access to commercial capital, unmatched in the commercial financing industry.

Our team at Remington has unsurpassed access to a well-funded network of public and private capital sources for minimum transaction amounts of  $500,000 in the U.S. and $5 million abroad.

Available Financing Programs at Remington

Senior Debt

• All Property Types and Corporate Purposes
• $500,000 Minimum in the US and $5,000,000 Internationally
• Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Mezzanine Debt

• All Property Types and Corporate Purposes
• $500,000 Minimum in the US and $5,000,000 Internationally
• Aggregate Leverage up to 85%
• Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Equity

• All Property Types and Corporate Purposes
• $500,000 minimum in the US and $5,000,000 Internationally
• Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Preferred Equity

• All Property Types and Corporate Purposes
• $500,000 Minimum in the US and $5,000,000 Internationally
• Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

Joint Venture Financing

• All Property Types and Corporate Purposes
• $500,000 minimum in the US and $5,000,000 Internationally
• Active Investment
• Acquisition, Development, Construction, Construction to Permanent, Rehabilitation, Bridge, Refinance

We arrange specialized financing for the these property and business types:

• Land
• Industrial
• Multifamily
• Office
• Retail
• Mixed Use
• Hospitality
• Medical Office
• Healthcare Facilities
• Senior Housing
• Student Housing
• Special Purpose
• Restaurant
• Self Storage
• Manufactured Home Parks
• Business Working Capital
• Business Investment Capital
• Entertainment & Multimedia
• Franchises

Please give me a call to discuss these opportunities for your specific situation. Thank you!  Travis Schmidt

Access is a key to client success at Remington. What do I mean by ‘access’?

• Access to the unmatched expertise of our Structured Finance Group
• Access to our highly regarded global network of private and public sources of capital
• Access to equity, mezzanine, and senior debt financing, as well as special-purpose bridge and construction loans in minimum loan amounts of $500,000 in the U.S. and $5 million internationally

Every day I work closely with brokers, mixing and matching commercial lending options in creative ways to secure the best possible financing for owners and developers consistent with their objectives and market conditions. Let’s discuss your specific situation today.  Thank you!  Travis Schmidt