Remington Capital – Brad Sweet

A commercial construction loan is any loan used to finance the construction of commercial real estate such as office complexes, retail centers, apartments, hotels, warehouses, and other commercial properties. In general, construction loans are short-term and meant to be paid off when construction is completed.

While construction loan programs offer differing features, they also have a number of characteristics in common. For example, construction loans generally require interest only payments during construction; terms typically are for 12 to 36 months; most lenders require a 12-month interest reserve; and pay off occurs when a certificate of occupancy is issued.

Because borrowers usually require follow-on financing when a construction loan comes due, lenders sometimes offer construction-to-permanent loan programs that provide construction loans during the building phase and longer-term fixed-rate financing that kicks in upon issuance of the certificate of occupancy.  This two-in-one loan process tends to be more convenient and less costly for borrowers in that there is only one loan application and one closing, with associated fees, instead of two. 

Because of the complexity of construction loan financing, borrowers may find it difficult to compare construction-to-permanent loan financing with the two-loan process. That’s where the experts of Remington can help.

The combined market-focused expertise of the Structured Finance Group at Remington and our Capital Markets Group, with its global network of public and private capital sources, takes the guess work out of construction lending so that commercial real estate clients are able to secure the best possible interest rates and terms consistent with their objectives and market conditions at the time.

Let’s discuss construction loans at your convenience. Thank you – Brad Sweet, Remington

In the challenging capital market of 2009, Remington is a strategic partner with an enviable record of success, especially for projects previously not funded from conventional sources.

Remington is ideally situated as an intermediary between the client in need of financing – especially those with problematic projects – and the hundreds of private and institutional sources of commercial capital with whom Remington has strong, active and productive relationships.

The experts at Remington also have in-depth knowledge, market expertise, and a commitment to client advocacy that translates into the kind of creative, value-enhancing insight needed to help evaluate, restructure, and customize previously difficult-to-fund transactions into new financing opportunities.

Remington also has our industry’s first fraud policy that protects our clients and partners from fraud, scam and other challenges that sometimes have plagued our industry. We are committed to eliminate fraud. Read more about the Remington fraud policy here:  http://www.remingtonfinancialgroupfraudpolicy.com/

Debt Financing

Since our founding in 1993, Remington has been advising clients on the use of leading-edge financing strategies to help secure short- and long-term debt. We have extensive expertise in distressed debt transactions, bridge loans, and permanent loans, as well as forward takeout and standby commitments. The special access of the team at Remington to domestic and international private and institutional capital sources is a source of unique differentiation in our industry.

Contact me today and we can discuss the options that are just right for you. Brad Alan Sweet, Remington