
Penny Wise and Pound Foolish
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.
Remington and Mexico
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.
Affiliate Broker Program
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
International Capital Sources
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
What is Distressed Real Estate?
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.
Acquisition Fund
We are excited about a new fund that our capitalĀ 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.
When others say “No” we can help
We are often presented with clients who have had their financing requests turned down one or more times. Notwithstanding this we are often able to arrange financing for these clients. Very often the client may have failed to present their financing request in the best light or they just did not approach a capital source that was right for them. Our value add is that we can present the transaction in its most favorable light and do have the right capital sources.
Financing for Australia
We are very pleased to have established a strategic partnership with the finest financing consulting firm in Australia. We feel we will now be able to better serve the needs of our Australian clients. We look forward to greatly increasing our market share.
Newly Expanded Services
We are pleased to announce we have recently entered into an agreement with a business consulting firm and a law firm to offer a new service. This program is designed to assist companies which are financially troubled and or have had legal proceedings either currently or pending regarding unpaid creditors. if you know of companies that are facing these types of problems we might be able to help
