Remington Capital – Andy Bogdanoff

Penny wise and pound foolish. This old expression came to my mind recently. Two different companies had approached remington to help them with financing. Both of them decided that we were too expensive and did not hire us. Both of these companies have now filed for bankruptcy. I believe that both of these companies could have avoided filing had they hired us. For a very small fee we could have put them on the right track.

I expect that we are going to begin to see more and more owners of income producing real estate having to deal with paying off their mortgage loans as they reach the date when the balloon payment is due. In most cases the balances will be higher than the value of the property. With our distressed property recapitalization program available to these owners we are well positioned to guide them through a successful negotioation with their lender.

We are excited to be developing an expanded business plan to increase our business in mexico. Our entire department will be bilingual. Our capital markets group has greatly increased the number of capital sources who are anxious to finance transactions in mexico.

We are pleased to announce that we are going to offering an opportunity for outstanding loan brokers to become affiliates of Remington. We will be offering very profitable incentives to those companies who become affiliates. If your might be interested in more details let me know

In an effort to expand our data base of international capital sources our capital markets group has hired a summer intern from the thunderbird school of international business. Her efforts will be dedicated to developing additional international capital sources.

We are looking to associate with either existing businesses or start up companies that would like to refer clients to our company. These clients would be seeking financing. We would provide a full range of services to our referral partners which would include but not be limited to our industry leading access to capital sources. Interested companies or individuals should contact me directly.

Andrew Bogdanoff
President

We keep seeing the term distressed real estate more and more in the press and on the business news. I am sometimes asked what does that mean. Maybe the easiest explanation would be that the value of the subject property has fallen to a number which is lower than the unpaid balance on the mortgage. Remington has the ability to help both owners and lenders to optimize their options when these circumstances occur.

We are excited about a new fund that our capital  markets group is putting together. This fund will be for the acquisition of real estate in Australia and japan. The economic times have created many outstanding opportunities in these countries. We hope to launch the fund shortly.

I am very excited about the developments in our capital markets group. They continue to add qualitative capital sources up and down the capital stack. Because their success we now have access to over 400 qualified capital sources currently deploying money into the markets today. Their success allows us to continue to provide the finest access to capital in the industry.

The team at Remington will be participating in the Crittenden National Conference scheduled for April 25-27 in Las Vegas, Nevada.  It’s a three day event for commercial real estate professionals that includes 7 hours of educational sessions and multiple networking opportunities.

For the past 25 years Crittenden has been helping business professionals by providing tools to succeed.  We encourage you to join Remington in Las Vegas at this highly rewarding conference, especially if you are any of the following:

• Developer
• Permanent & Bridge Lender
• Real Estate Investor
• Banker
• Distressed Debt/Equity Group
• Broker
• Owners/Property Manager

More information at http://www.crittendennational.com/faqs.html.

We look forward to making additional connections at the Conference.  Through our unmatched access to capital, we have money to deploy and we are eagerly seeking additional brokers who need to find financing for their commercial real estate owner clients. Find out more about Remington at www.remingtonfg.com.

All the best, Andy Bogdanoff