REMINGTON GEARS UP ALTERNATIVE CAPITAL NETWORK
WEEKLY CRE INDUSTRY NEWS FROM REMINGTON CAPITAL
REMINGTON GEARS UP ALTERNATIVE CAPITAL NETWORK; EXPECTS FINANCING MARKETS TO THAW IN 4Q10
Springtime is when nature usually begins renewing itself after a cold hard winter. This year, a spring thaw may be coming early for the financing markets. In fact, it may be here by year-end, if current expectations come to pass.
The good news is Remington Capital is geared up for the expected thaw, having dramatically increased Remington's global network of lenders and investors to nearly 700, about 70% of which are alternative sources of commercial capital. And new additions to the capital network are being added every year. Included are private investors, pension funds, life insurance companies, mortgage REITs, endowments and others.
This is particularly great news for owners of commercial real estate and corporate projects faced with finding financing amidst an on-going credit crunch that is being worsened by the shutdown of nearly 300 banks since 2007. Historically, banks have been the primary source of commercial real estate financing in the U.S. And the availability of bank credit may get even worse, with 829 additional banks listed as "problems" by government regulators.
Remington's alternative financing sources represent billions of dollars in private capital ready to step in to finance, refinance or recapitalize all types of commercial property having intrinsic value. As Remington's Chairman, Andy Bogdanoff, said when announcing the dramatic expansion of Remington's access to alternative capital sources, "This available pool of capital represents a unique opportunity for real estate and corporate communities to step outside their normal comfort zone to explore alternative avenues of commercial financing in these challenging times."
So if you are looking to finance or refinance an existing property, or recapitalize a troubled one, give us a call and let's discuss the world of capital options available to you at Remington.
SPECIALIZED FINANCING
Your best access to commercial capital
Since 1993, Remington has provided the commercial real estate industry the industry's best access to debt, mezzanine and equity financing. Over the years, we have arranged billions of dollars in often-complex financing transactions for a full range of commercial property, including land, hospitality, multi-family, office, industrial, retail and others. Closing challenging transactions is what we do.
So if you are looking to finance or refinance an existing property for yourself or your clients, or recapitalize a troubled one, give us a call and let's discuss the world of capital options available to you at Remington Capital.
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