Remington Capital expands sales, analyst staff due to increasing demand for CRE financing

Scottsdale, November 16, 2010. Remington Capital is expanding its financial services staff in anticipation of increased demand for commercial capital.

An international financial services company, Remington Capital specializes in providing expert counseling and access to capital sources for commercial real estate and corporate finance projects, particularly those unable to secure financing.

With more than a trillion dollars in CRE debt due to mature by 2013 and signs that commercial real estate lending is loosening up, Remington has begun adding staff to meet the anticipated buildup in demand, Remington Capital Chairman Andy Bogdanoff said today. We are already seeing indications of market thawing.

Plans call for Remington to add 14 account executives to its sales staff and additional analysts to the companys Advisory Services Group by the end of the first quarter of 2011. We are expanding staff to make sure each of our commercial loan brokers and their clients receives optimal service every step of the way in our financing process, Bogdanoff said.

In addition to expert counseling, Remington provides access to a global network of nearly 700 lenders and investors, about 70% of which are alternative sources of capital. Together these capital sources represent billions of dollars in available capital ready to finance, refinance or recapitalize all types of viable commercial property. Since 1993, Remington Capital has arranged more than $5 billion in financing across the capital stack.

Remington is also expanding its presence outside the U.S. Specializing in international projects of $5 million or more, Remington has already secured financing for projects in Mexico, Costa Rica and Canada.