
Financing Offers On The Rise
Over the last two months, we have seen a significant increase in the number of financing offers we have secured on behalf of our clients. In the last 45 days alone we have received six offers from our capital sources on our clients’ projects. We’re excited by this increase in appetite from our capital sources and expect the number of approvals to continue to grow in the months to come.
New Opportunities in Commercial Financing
The good news for commercial loan brokers is that there are billions of dollars in private capital available to finance, refinance or recapitalize all types of commercial property having intrinsic value. The available pool of alternative capital represents a unique opportunity for the commercial real estate community to step outside its normal comfort zone and explore new avenues of commercial financing in these challenging times.
Asking about future financing needs
Many brokers new to commercial finance often miss the opportunity to cultivate future business when a potential client says that they don’t have a need for financing today. If you’ve managed to get a decision-maker on the phone, you’ve got to take full advantage of the opportunity to establish a relationship. The following two scenarios are bound to resonate with any serious owner-operator.
In the past five years have you missed out on an opportunity because you didn’t believe that you could secure the necessary financing?
What would you do tomorrow if three great opportunities came across your desk and you only had enough capital to take advantage of one of them? Would you let the other two opportunities just pass you by? What difference would it make to your business if you could get in on all three?
When you make people aware that capital is available for the projects that they have been missing out on, you are likely to be the first person they call when the next opportunity comes knocking.
Remington seeks to add analysts to it’s team
As a result of the increased demand for our services we will be adding two new analysts to our capital structuring department. The work that each analyst performs is so demanding that there are limitations to the amount of accounts each analyst can effectively manage. In our desire to make sure that every client receives optimal service we are bringing on the new analysts.
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
Structuring Financing
I am really happy with our two new additions to the capital structuring department. Our increased coverage in this area should enable us to achieve even better levels of service to our clients.
Access to Capital through our Capital Markets Group
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.
Donn Reinelt Joins the Capital Markets Team at Remington
Donn Reinelt has joined the Capital Markets Group of Remington as Managing Director. Donn has been a top advisor to major institutional investors for decades and brings a wealth of experience and skills to the Remington team, and he already is helping us to expand our unmatched connections to active lending sources on behalf of clients for Remington.
With over 20 years experience as an institutional investment consultant, Donn Reinelt has worked directly with large and small public and corporate pension plans, endowments and foundations, and major family investment groups. Prior to joining Remington, he held senior business development and consulting positions at Sciens Fund of Hedge Funds, Northern Trust – Wealth Management, and KMPG Investment Consulting Group, specializing in alternative investment solutions for U.S. and European clients.
At Remington Donn will be responsible for identifying, expanding and managing strong and on-going working relationships with the company’s global network of public and private capital sources and for developing and introducing proprietary real estate financing funds to institutional investors.
The extensive close-up lender experience Donn brings to our Capital Markets Group adds to the overall ability by Remington to better serve the needs of our clients across the capital stack.
A Chartered Alternative Investment Analyst and member of the CFA Institute, Reinelt has an MBA in finance and international trade from the University of Chicago and a BS Degree in Engineering from the University of Michigan.
Since 1993 Remington has helped structure billions of dollars in debt and equity financing for hundreds of commercial real estate and general business clients, particularly those unable to secure traditional bank financing.
Commercial lending solutions in tough times
The team we’ve assembled at Remington is experienced and trained to deliver commercial lending solutions that typically no one else can offer. The keys to successfully closing even the most complex and challenging commercial financing transactions are:
- Knowledge of the market.
- Experience in solving even the most problematic projects.
- Creativity in restructuring transactions.
- Ready access to hundreds of active capital sources.
- Commitment to pull it all together.
The advisory services at Remington combine all five attributes needed for success in today’s tight market, especially for those commercial projects unable to obtain debt, mezzanine, or equity capital from conventional sources. Those companies most likely to benefit from our services include those:
- Currently restructuring.
- Emerging from bankruptcy.
- Needing recapitalization.
- Considering leveraged acquisitions.
- On a tight timeline to access capital.
At Remington, our knowledgeable and experienced team of experts works closely with clients to evaluate and creatively restructure transactions into new financing opportunities. Combining this insightful advisory service with the strong relationships we have developed with hundreds of active funding sources, clients of Remington gain the industry’s best access to competitive commercial capital available today.
Contact us today to speak with one of our experts to find out how Remington can help make your financing transaction a success. Thank you. Andy Bogdanoff
