Remington Capital – Travis Schmidt

We are pleased to announce that Aaron Bogdanoff has been appointed to head up our Affiliate Broker Program. Aaron will be recruiting highly qualified affiliates who will then be permitted to market Remington’s services worldwide.

As a recent article in DSNews.com http://www.dsnews.com/articles/investors-find-opportunities-in-distressed-commercial-real-estate-assets-2010-03-22 states, “Now is the time to invest.” With the access to capital, savvy investors have the opportunity to capitalize on the challenges holding the majority back – Remington doesn’t face this problem!
With access to capital, all across the capital stack, RFG has been structuring this type of distressed [...]

The Remington Chairman Andy Bogdanoff recently met with national experts to discuss breaking through the current commercial real estate liquidity crisis.

Despite the world’s economic trials and tribulations, Remington continues to expand and grow financing options for our brokers.

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

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.

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.

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.

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

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.