REMINGTON HAS LOTS OF ACCESS TO HARD MONEY LOANS

Some say hard money loans should be called "tough" money loans. Most hard money lenders probably wouldn't argue the point. Nor would Remington Capital.

Chances are if a commercial property is distressed and foreclosure is just around the corner, or if a business surprise occurs and a quick loan is a must, a hard money loan may be the only answer. Most brokers, however, don't fully understand the ins and outs of hard money lending - even though hard money loans at times can be the most important tool in the broker's arsenal of possible lending types.

n some ways, a hard money loan is like a bridge loan that gets you from where you are financially to where you want to be. Like a bridge loan, you can close a hard money loan quickly. While bridge loans always focus on exit strategy, hard money investors emphasize collateral and usually require a maximum loan-to-value (LTV) of only 50% to minimize investment risk. Unlike in the past, many hard money loans now require a credit application. The loans tend to be for 1-to-2 years, with no prepayment penalty, with rates that start at 10%, interest only, and go up from there.

Despite higher fees and rates and low LTV limitations, these higher-risk, short-term, asset-based loans may be the only choice commercial borrowers have to get out of a sticky business spot. Which is why Remington Capital may be a broker's best resource. Remington's financing specialists have the in-depth market knowledge and expertise needed to help commercial borrowers sort out the complexities of hard money lending. And they have the necessary access and to quickly align clients with the best and most appropriate lending sources from our worldwide network of active lenders and investors.

So if times are "tough" and you are looking to finance or refinance an existing property, or recapitalize a troubled one, let's discuss the world of capital options available to you at Remington Capital.

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.