Remington Capital

With plans in place to close 200 underperforming stores by the end of April, Borders Group Inc. will be seeking retailers to lease approximately 4.9 million square feet of retail space. Fortunately for Borders, retail vacancy is set to drop 10% by the end of the year and retail is steadily rebounding. http://bit.ly/fQWEVz

Since I brought it up last week, I figured I’d better talk a little bit about Joint Venture financing. This is the financing option that many borrowers will really need when they contact you looking for hard money. Since hard money lenders will only go up to 60% LTV at best, clients looking for higher [...]

The return of the hotel transaction market has taken longer than expected, but a splash of high-profile acquisitions and a potential wave of distressed assets coming to market have many believing the dam is about to burst. Jones Lang LaSalle Hotels, which tracks asset sales $10 million and higher, reports more than $1.1 billion of [...]

Early estimates show that in the first quarter of 2010, commercial delinquency rates rose from 5.1% to 5.5%. Although 5.5% is well below the 8% delinquency in Q3 of 1991, this is still worrisome due to scarce credit and the overwhelming amount of maturing commercial loans. Current data shows that delinquency rates are only going [...]

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

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.

Every day at Remington we see brokers who are working harder for less closings, and we are dedicated to helping them turn that situation around. Consequently this week we are extending the Distressed Owner Recapitalization (DOR) Program to more brokers across the US and world.

I’m Travis Schmidt of the Remington. We’re a commercial financing firm that provides the highest quality professional services to clients looking for commercial capital. We get transactions done. I enjoy working with entrepreneurs and business owners on their toughest capital challenges. We all go the extra mile to get it done for clients. I’m very [...]