Remington Capital – Andy Bogdanoff

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

I am pleased to announce that our core lenders and investors seek new opportunities to deploy capital, and they are relying on Remington to deliver these opportunities to them.

We need your help. If you are a broker looking to complete a transaction on behalf of a client, we can help you access the money you need, even if the owner is upside down on their project.

Remington has access to hundreds of capital sources ready, willing, and able to provide equity and debt financing. The commercial capital is available. Don’t wait until you’re at the end of your rope. Call us today for a solid lifeline to capital.

Our Capital Markets and Structured Finance Groups are actively seeking brokers who have challenging but viable commercial real estate projects.  We often work with those who have been denied financing from banks.

Thank you – Andy Bogdanoff

Remington came through 2009, and most of  you did too!  What doesn’t kill us makes us stronger, and the year certainly had its challenges. But the team here at Remington persevered, and we were able to continue a long string of successful transaction years in our history – dating back to 1993.  In retrospect 2009 was one of the toughest years, but 2010 looks like a much better year for those with the foresight to make good decisions in commercial real estate.  We look forward to supporting your success, and Happy Holidays from everyone at Remington.  Thank you, Andy Bogdanoff

Anyone doubting that the commercial real estate industry is careening toward disaster may want to peek at the latest CMBS delinquency figures. They are soaring!  Up to $32.55 billion in September from $5.39 billion a year ago. That’s a five-fold increase in just 12 months and more than 14 times higher than in March 2007.  Translation: Banks aren’t the only ones undergoing a liquidity crisis. The fact is many commercial real estate owners and developers don’t have sufficient cash flow to service their debt.

That’s just an inkling of the real disaster confronting owners and developers in the next few years. Coming is a powerful one-two punch that may knock out thousands of real estate owners and developers across the country. Property values are plunging and are already down a whopping 40% since 2007. Worse yet, banks lack the liquidity to refinance even half of the $1.2 trillion in commercial real estate debt due to mature by 2013. That means thousands of owners may be unable to refinance their properties. Many distressed owners will have few choices other than to sell their property, if they can find a buyer, or declare bankruptcy.

As a result, Remington has been working closely with brokers and owners developing and alternative option. We call it the Distressed Owner Recapitalization (DOR) program. It’s new and focused solely on helping distressed owners recapitalize troubled properties that banks can’t or won’t refinance. Key to the DOR program is the Remington global network of active public and private sources of fresh, new capital available for investment in troubled properties.

Not to be overlooked by owners or brokers is the fact that recapitalization of distressed properties can be a market opportunity for all concerned. While there is a loss of equity in the transaction, recapitalization offers the distressed owner something that selling the property or declaring bankruptcy cannot. It allows the owner an opportunity to stay in the game and to participate when market values turn around.

We offer commercial clients an extensive network of private and public capital sources to help increase creative financing options – dramatically improving close rates for specialized funding and unique financing ventures.  In the area of mezzanine financing, Remington delivers expertise and competitive transaction options, especially in today’s challenging market conditions.

Remington has built a successful track record of closing the most challenging debt, mezzanine, bridge, and equity capital transactions since 1993. Our firm has strong connections to hundreds of actively funding sources across the capital stack. We develop and execute financial structures that turn problematic transactions into closings. Please give our team a call to review your potential transaction and to gain access to actively lending capital sources.  Thank you, Andy.

The commercial real estate industry is a disaster waiting to happen. With $1.2 trillion in commercial debt due to mature by 2013 and with U.S. banks in a deep liquidity crisis, real estate owners across the country are between a rock and a hard place.

Remington is doing something about it. To assist distressed owners and developers, Remington is delivering an investor-driven recapitalization program that pulls from private and institutional banking sources of capital. We’re leveraging our second-to-none access to commercial capital to support brokers and their clients in a tough situation.

The new program ties together the expert capital advisory services of Remington with a nationwide network of well-funded investors that are ready, willing, and able to recapitalize troubled commercial real estate assets.

Call our team for more information. If you’re a broker looking to more effectively support your client base, let’s get you into program so that you and your clients can benefit as soon as possible.

In my 35 years in this industry, rarely have I seen a time of greater need. Let’s work together to get us back on the right track.  Thank you.  Andy Bogdanoff