Remington Capital – Travis Schmidt

All of us in commercial real estate financing know it’s bad out there. We’re all being challenged to be thoughtful and creative to get transactions done. I’m proud of the deal flow that Remington has maintained, and our Capital Markets Group has dramatically expanded our access to active lending institutions – making the lives our brokers and their owners better every day.

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.

Distressed Owner Recapitalization Program from Remington

1) Distressed Owner Recapitalization Program intro video from Remington by Tyler Hufford https://remingtonfg.ilinc.com/register/zrwpcvp

2) Webinar on Recapitalizing Distressed Owners is now available online, by Donavon Ostrom of Remington https://remingtonfg.ilinc.com/register/jyyfsw

3) Webinar on Marketing to Distressed Owners for the DOR Program is now available online, by Shayne Fowler of Remington https://remingtonfg.ilinc.com/register/xhcwzpv

Thank you!  Travis Schmidt

Equity financing is an important option for clients of Remington as they explore lending solutions across the capital stack. Our clients often require a joint venture equity partner to meet their required capital needs, and so Remington does whatever it takes to fulfill those requirements.

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.

The capital stack is the total mix of capital invested in a project, including pure debt, hybrid debt, and equity.  The capital stack is described as containing the most risk at the top and traveling down the stack to the position with the least risk.  Higher positions in the stack expect greater returns for their capital because of the higher risk.  Typically the capital stack is arranged as follows:

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

I’d like to echo the comments by Shayne Fowler (and our Chairman Andy Bogdanoff) in welcoming Greg D’Herault to the Structured Finance Group at Remington. His background, experience and skills are a great fit with our team.

Greg L’Herault is an expert in commercial lending and corporate finance, bringing 15 years of experience in commercial lending, corporate finance, financial and credit analysis, loan origination and underwriting. Prior to Remington, L’Herault held banking and finance-related positions at Vencore Capital, Silicon Valley Bank, Level 3 Communications, DirecTV, and US Bancorp.

Our origination team works closely with the structured finance group on behalf of our clients to make sure no stone is unturned regarding possible funding sources for potential transactions. As a Remington loan placement officer, Greg L’Herault will be responsible for reviewing, structuring and tailoring transactions to lender requirements and market conditions once due diligence is completed. He will prepare and package each transaction for lender presentation and manage the on-going placement process until funding is finalized.

Having more professionals like Greg adds to our capability to provide the best access to commercial capital. Welcome Greg!  Thank you – Travis Schmidt, Remington

Remington provides each and every client with unmatched market expertise, including top-notch advisory services capable of successfully restructuring even the most complex transactions.  The firm has been doing it longer than I’ve been here – since 1993. Our chairman is Andy Bogdanoff and the COO at Remington is Shayne Fowler.

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

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. Our market-focused financing expertise stretches across the capital stack and includes virtually all types of commercial real estate and general business property.

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

The market-focused expertise of the financing professionals like Andy Bogdanoff and Shayne Fowler at Remington extends across the capital stack from equity to senior debt, to each type of financing in between. When fast and reliable short-term financing is required, one of the valuable options for commercial real estate owners and developers to consider is the bridge loan.

The bridge loan is a form of financing that “bridges” the gap between funds needed now and when longer-term financing becomes available. It can be a key component in an owner’s long-term financing strategy, particularly for those faced with a here-and-now opportunity or other shorter-term situation such as improving or selling a property.

Real estate owners often use a bridge loan to purchase a second property before the sale of the first property closes. Then the proceeds from the sale are used to pay off the bridge loan. This illustrates the important “exit strategy” borrowers must have before an investor makes a bridge loan. In this example, the investor would need to see a signed sales agreement spelling out where, when, and how the bridge loan will be repaid.

Bridge financing almost always needs to be arranged and closed quickly. Such loans tend to be for 6 to 12 months with a possible 12-month extension. They are usually structured as simple interest only loans with no pre-payment penalty and all principal due in full at maturity. Risk to the investor is minimal since the loans are underwritten based on existing equity in the property and the exit strategy is defined.

Because of the owner’s need for timeliness, banks and other institutional lenders are not usually effective when it comes to bridge loans. That’s why the Capital Markets Group at Remington provides access to investors capable of making on-the-spot decisions. Included among them are hedge funds, private equity groups, mortgage pools and other sources of private capital. For information on other types of short-term loans, please give me a call.  Thank you!  Travis Schmidt – Remington

At Remington carefully reconciling the interests of borrowers and lenders while structuring creative solutions to even the most challenging commercial financing transactions is what differentiates us from others in the capital services industry.  I’m pleased to be part of a team that has the knowledge and experience to help close financing transactions using solutions across the capital stack.

Founded in 1993 by our Chairman Andy Bogdanoff, Remington over the years has handled billions of dollars in commercial lending across the capital stack involving virtually all types of commercial real estate and general business property.  Having a track record supports our success with actively-lending capital sources – they know and trust us.

Along the way, we’ve developed a reputation for excellent service and dedicated client advocacy, particularly in tough times when owners and developers may be unable to secure traditional financing. 

Above all else, Remington is best known for client access:

• Client access to the unmatched expertise of our Structured Finance Group
• Client access to our Capital Markets Group and its global network of private and public sources of capital
• Client access to the creative skill with which Remington professionals structure and arrange for the successful completion of financing transactions that range from a minimum of $500,000 in the U.S. and $5 million abroad.

Thank you! Travis Schmidt – Remington