Remington Capital – Brad Sweet

On behalf of Remington clients I work closely with our Capital Markets Group. They are responsible for identifying, nurturing and expanding our unmatched global network of active working relationships with traditional lenders and investors, as well as public and private sources of available capital in the U.S. and abroad.

Our access to capital for commercial real estate projects distinguishes Remington from others in the financial services industry. Since 1993, Remington has provided hundreds of commercial real estate brokers and their clients with ready access to all types of capital, arranging billions of dollars of financing for even the most challenging debt, mezzanine and equity transactions.

Key to our clients’ success in obtaining capital is the use of a global network of capital sources that are ready, willing and able to deploy capital for viable commercial projects requiring minimum loan amounts of $500,000 in the U.S. and $5 million from sources abroad.

The Capital Markets Group also manages special projects including the Secured Capital Income Fund LP, a planned initial capital markets entry by Remington with a joint-venture equity fund specializing in bridge loan financing.

It was refreshing to read some good news this week in Michael Murray’s article for Mortgage Bankers newsletter regarding the hospitality sector. We’re in for a little better year in 2010.  Among the forecasts:

1. Global hotel transaction volume will increase by 20 percent to 40 percent, or up to nearly $4 billion by next year, said Jones Lang LaSalle Hotels, London.
2. In its Hotel Investment Outlook 2010 report, JLL Hotels forecast the first increase in transaction activity since 2007, following a 64 percent decline predicted for this year.
3. “Asian conglomerates are poised to emerge as one of the primary global acquisition groups in 2010 as they seek prime assets in gateway markets, especially in the United States and United Kingdom, playing to currency fluctuations,” de Haast of JLL Hotels said. “Furthermore, sovereign wealth funds, primarily from the Middle East but also Asia, will aim to place capital in hotels as a hedge against inflation, and will therefore become more active buyers again.”
4. The focus for investors, de Haast said, will be three or more months of consecutive year-over-year room yield growth as a sign of stabilization to “underpin valuations and boost confidence” as hotel recovery varies based on world geography.
5. “Savvy buyers who are in a strong cash position and can be aggressive will be able to benefit from the buying opportunities that emerge,” de Haast said. “Overall, bids will continue to be conservative in 2010, but the early movers stand to capture the most value.”

Read more here: http://www.mortgagebankers.org/tools/FullStory.aspx?ArticleId=9759#full

If you’d like to discuss how we can help arrange commercial financing in hospitality or other sectors, please contact me today. Thank you – Brad Sweet, Remington

At Remington we support commercial property owners and developers through a series of brokers in the U.S. and around the world. Our company, led by Chairman Andy Bogdanoff, has been successful since 1993 to secure hard money capital and financial services for real estate owners and developers worldwide through our wide broker network.

We specialize in hard money loans, a higher-risk loan that usually is based on the quick-sale value of a property. Hard money loans are often issued for financially distressed properties. We recommend hard money loans in cases where there is sufficient collateral and a promising business or financial plan.

We offer an unmatched network of lending partners, dramatically improving successful close rates for borrowers in need of a fast-closing loan. We work with hundreds of active lenders. With a successful track record of closing hard money transactions, Remington delivers competitive transaction options even in these challenging market conditions.

Hard money loans may be issued for non-traditional properties or borrowers – including property owners who may have missed a mortgage payment or real estate developers that are looking for immediate support.

We partner with companies that operate in expanding market sectors including manufacturing, green technologies and service providers. Remington will consider securing financing on a diverse variety of commercial properties including mixed-use, apartment buildings, assisted care facilities, business investment capital, corporate loans, commercial real estate, special purpose properties (such as car washes), construction loans, hotels, land development, retail, office and industrial properties.

A hard money loan is easily recognized by distinguishing characteristics including its ability to close quickly. Although a hard money loan typically carries a higher loan to value and more costly rates and fees, borrowers continually turn to this specialty loan because it can move from start to close in 30 days.

If you are looking to take advantage of a low-cost property or to avoid foreclosure, please give me a call and let’s discuss the hard money option.  Thank you.  Brad Sweet