Relief for Distressed Owners and Developers
Much of the news in the commercial real estate industry today focuses on investor opportunities to acquire distressed debt. What about the troubled owners? What relief can be provided for distressed owners?
Remington works with these owners every day and we want to make a difference for them. Therefore we’re introducing the Remington Distressed Owner Recapitalization (DOR) Program that focuses on helping troubled owners and developers.
The Capital Markets and Structured Finance Groups at Remington are offering daily solutions to the on-going liquidity crisis by providing access to more active funding sources across the capital stack. When combined with espert advisory services, the new program positively impacts owner recapitalization.
- For experienced owners of existing income-producing properties looking to refinance, the Distressed Owner Recapitalization Program offers access to investors that will purchase the note from the bank at a discount. Owners will continue to make the original paymetns to the new investor and participate in the up side when values increase.
- For the experienced developer of a partially completed project that needs capital to finish and operate the property, Remington has access to investors that will purchase the note from the bank at a discount, allowing the developer to complete the project and operate the property. The developer will continue to make the original payments to the new investor and participate in the upside when the property values increase.
We look forward to working with you as we introduce this new program in October.
Tags: access to commercial capital, capital stack, commercial real estate, Distressed Owner Recapitalization, relief for owners and developers, remington financial group