RFG secures $1.8Million mezzanine financing

An Atlanta based real estate owner turned to RFG to secure mezzanine financing for its class A retail property located in Buckhead Georgia. Based on the quality of the property and its rent roll, the borrower had numerous mezzanine options from which to chose. It ultimately chose to close with financing provided through the mezzanine program of one of RFG's lenders.

The lender's willingness to provide higher leverage - 97percent LTV, more flexible terms, lower rate certainty and speed to closing over its competitors - made the decision easy for the borrower. The mezzanine financing was structured to be subordinate and coterminous with the $12MM senior CMBS financing and allowed for repayment at anytime after 12 months without penalty.

Joel Nathanson
Sr. Account Executive
Remington Financial Group, Inc
8761 E. Bell Road
Suite - #103
Scottsdale, AZ 85260

www.remingtonfg.com  
www.remingtonfinancialclosings.com
www.remingtonfinancialjointventure.com

Office - 480-905-3840 
Direct - 480-570-0679
Fax - 480-619-6289
Email - Jnathanson@remingtonfg.com