Remington Capital – Brad Sweet

Thank you to all the brokers I’m working with for your interest and participation in the Distressed Owner Recapitalization (DOR) Program. I’m elated that we can help you find financing even in these market conditions!

The good transaction flow that Remington has been able to maintain is a result of creativity, hard work and our unmatched access to commercial capital. And we’re not stopping here. The Capital Markets Group at Remington continues to expand our access to active lending institutions – making the lives of our brokers and their clients better every day.

We have a backlog of funding that we’re busy with our brokers finding commercial property owners.

Three web seminars are available 24/7 that explain how you too can benefit from our access to funding at part of the DOR Program.  Here they are – feel free to contact me any time and let’s discuss how we can help you.

1) Distressed Owner Recapitalization Program intro video from Remington by Tyler Hufford https://remingtonfg.ilinc.com/register/zrwpcvp

2) Webinar on Recapitalizing Distressed Owners is now available online, by Donavon Ostrom of Remington https://remingtonfg.ilinc.com/register/jyyfswv

3) Webinar on Marketing to Distressed Owners for the DOR Program is now available online, by Shayne Fowler of Remington https://remingtonfg.ilinc.com/register/xhcwzpv

Thank you!  Brad Sweet – Remington

One of my team members here at Remington Joel Nathanson has already commented on this week’s report that commercial real estate prices will stabilize within the year. It’s hard to foresee an increase in prices right now with so many foreclosures, lack of liquidity and bankruptcies in the marketplace. But now some experts are predicting that a recovery is right around the corner.

According to this most recent article, while 12-month trailing prices declined across the board during the third quarter, pricing is beginning to inch up for several property types on a quarter-to-quarter basis.

Quoting from the article: “Over the coming year, as the process of repricing and an increasing number of distressed properties create more uncertainty for all investors, commercial real estate will face the greatest challenges that it has seen since the 1990s,” Riggs said. “The hope is that the rapid repricing, which has already occurred over the past 12 months, means that this process may also end more quickly than it has in previous commercial real estate recessions and that prices will not decline much further or fall off the cliff.”

This news is telling many investors that the commercial real-estate market may be at the bottom. Across the board
purchase prices have inched up over the last 2 quarters with multifamily and industrial being the top rated properties for existing investment. Skeptics, though, still look at the number of banks that are just unwilling to negotiate with owners and the number of commercial real-estate owners that are forced to turn in their keys to the lender and go into bankruptcy. It seems that they have no choice once the bank says that won’t refinance that not and they are upside down on their mortgage.

In a preemptive strike to these dire conditions for commercial property owners, Remington launched our Distressed Owner Recapitalization Program which offers the owner options, not foreclosure or bankruptcy. Please call me for more details if you know an owner who is facing a difficult financial situation and needs access to capital.  Thank you!  Brad Sweet.