There are lots of lenders and investors ready, willing and able to finance viable commercial real estate projects in 2010, despite the on-going credit crunch. You just need to know where to look for them.
Scottsdale, AZ (PRWEB) March 17, 2010
“There are lots of lenders and investors ready, willing and able to finance viable commercial real estate projects in 2010, despite the on-going credit crunch. You just need to know where to look for them.”
With that, Andy Bogdanoff, founder and chairman of Remington Financial Group, announced that Remington received nearly one billion dollars in financing offers from all types of capital sources during 2008-2009. “And the influx of lender approvals continues in 2010,” Bogdanoff said.
Bogdanoff, in the financial services industry for 35 years, founded Remington Financial Group in 1993. Since then, the company has grown into a successful national financial services company, structuring billions of dollars in debt and equity transactions for thousands of commercial real estate owners and others throughout the U.S. and abroad.
Positioned as the industry’s “best access to commercial capital,” Remington received lender approvals during the 2008-2009 period for all types of commercial property, including lender approvals on transactions totaling $953.7 million. Involved were offerings for industrial, hospitality, land, multi-family, office, and retail projects.
“Offers are coming from all types of capital sources, including banks, private lenders, correspondents, and others. Included are approvals across the capital stack for new construction, permanent financing and refinancing. We have also received offers to finance business expansion through SBA programs with real estate as collateral.”
Bogdanoff attributes the success of Remington Financial Group to two things: “The first is the company’s Structured Finance Group, which is at the core of our financial services business. This staff of well-trained and market-focused consultants provides each and every Remington client with hands-on advice and expert guidance through every step of the transaction process from origination to closing,” Bogdanoff said.
“But what really puts Remington a step ahead of our competition is the company’s global network of nearly 400 active lenders and investors with whom our Capital Markets Group has established strong relationships.” This network of capital sources offers brokers and their clients a variety of commercial financing options, including joint ventures, equity, mezzanine, and senior debt financing, as well as bridge and construction loans, in minimum loan amounts of $500,000 in the U.S. and $5 million abroad.”