REMINGTON READY FOR HOSPITALITY COMEBACK

You can count on more hospitality loans in 2011. Thats what The Crittenden Report predicts. This loosening of the strings should translate into more acquisition and refinance loans and possibly even some new construction.

And thats good news for Remington Capital and our commercial loan brokers.

Hospitality is one of the many commercial real estate groups with which Remington has demonstrated exceptional financing expertise over the years. In all, we have secured about $800 million in financing for dozens of hotel and resort projects ranging from $1 million to $136 million. Included are all types of development, construction, acquisition, renovation, expansion, and reorganization projects. Where we especially shine is with projects that have challenging financing issues.

When it comes to bank financing, however, The Crittenden Reports outlook is as wary as the banks. Many banks will be cautious since they still have hotel loans on the books, and until that pipeline is clear most will not add too many new loans in 2011.

Not a problem for Remington. Of the 700 lenders and investors with whom we have solid relationships, about 500 are alternative sources of capital ready to deploy billions of dollars on all types of viable commercial projects. Among them are private investors, pension funds, life insurance companies, mortgage REITs, endowments and others.

So if you have a hospitality client or any client looking to finance, refinance or recapitalize a commercial property, give me a call and lets discuss the world of capital options available to you at Remington Capital.