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.

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.

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