Remington Capital – Travis Schmidt

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.

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.