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Scottsdale, AZ Real Estate News

By Greg L. Weimer
(Remington Capital, Inc.)
$16 MM - Luxury Hotel, Acquisition / Development Financing - Mexico$40 MM - Land Acquisition, Acquisition / Development Financing - Mexico$15 MM - 600 Unit Planned Residential Land, Development Community - Mexico$9.5 MM - Luxury Condos, Construction Financing, 85% LTC 30% presold - Costa Rica$1.2 MM - Apartment Complex in Prince Edward Island, Acquisition Financing, 85% LTC - Canada MEXICO - RemingtonFinancialMexico.comThere are many reasons Remington Financial Group (RFG) has extended its growth to Mexico. Among these is the proliferation of opportunities for potentially very rewarding long-term investment opportunity with limited risk. For comparable product types, cap rates in Mexico are approximately 200 to 400 basis points above U.S. cap rates. With its increased gross domestic pro...
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By Greg L. Weimer
(Remington Capital, Inc.)
$138 MM - Manufacturing Portfolio, Debt/Bridge Equity $140 MM - Debt/Mezzanine Portfolio Acquisition - MO $75.8 MM - Student Housing Complex, Construction & Permanent Financing - PA $17.1 MM - Student Housing Complex, Bridge Financing - KY $15.4 - 6 Rehabilitation Centers, Permanent Financing - Various Locations, PA $7.5 MM - 10 Plex Movie Theater & Retail Plaza, Acquisition Financing - FL $3.3 MM - Credit Tenant Ground Lease - PA $1.1 MM - Mobile Home Park, Acquisition Financing, 80% LTC $12 MM - Raw Land, Refinance, 40% LTV $7.6 MM - Assisted Living Facility, Senior Construction Financing - IL $23 MM - Assisted Living Community, Construction Financing - IL
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By Greg L. Weimer
(Remington Capital, Inc.)
$2.8 MM - Development Company, Equity/Debt Financing - NJ $1 MM - Hotel, Development Site - NV $4.7 MM - 600 Unit Planned Residential Land Development Community, Participating Acquisition & Development Financing - MD $1.25 MM - Residential Community, Equity/Debt Acquisition & Development Financing - NC $8 MM - 600 Acre Residential Master Planned Community, Equity/Debt Financing - CA $11.25 MM - Golf Course Fronting 128 Unit Luxury Townhouse Community, Equity/Debt Acquisition & Development Financing - NJ $7.25 MM - Residential & Golf Course Community, Equity/Debt Acquisition & Development Financing - NC $12.5 MM - 10 Acre Parcel slated for Multi-Family and Retail Development, Pre-development Land Financing - PA
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By Greg L. Weimer
(Remington Capital, Inc.)
$42 MM - Luxury Apartment Building, Construction Financing - PA $50 MM - Acquisition of 735 Apartment Units 2 Deals $1 MM Equity Raised + Senior Debt - FL $1 MM - Apartment Complex, Bridge Financing - NY $6.75 MM - Apartment Complex, Acquisition & Rehabilitation Financing - FL $6.8 MM - Apartment Complex, Permanent Mortgage Financing - NY $7.5 MM - Apartment Complex, Interim & Bridge Financing - DC $27 MM - Luxury Apartment Complex, Permanent Mortgage Financing - PA $7.2 MM - Apartment Complex, Interim & Bridge Financing - DC $20 MM - Apartment Complex Acquisition, Advisory Services $3.75 MM - Apartment Complex, Permanent / Acquisition Financing - TX $2.4 MM - Title Equity Raise, 1000 Unit Apartment Complex Purchase - FL $56 MM - Apartment Complex Acquisition, Investment Banking, Adviso...
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By Greg L. Weimer
(Remington Capital, Inc.)
$22 MM - Retail Center, Acquisition Financing - LA $6 MM- Retail Center, Acquisition Financing $11.5 MM - Retail Center, Permanent Refinance - FL $9 MM - Retail Center, Bridge Financing - MD $5.6 MM - Retail Center, Permanent Financing - PA $4.7 MM - Retail/Office Building, Refinance - PA $5.2 MM- Retail Center, Acquisition Financing - IN $1.75 MM- Retail Center, Acquisition Financing - TX $5.6 MM - Retail Center, Refinance - PA $2.2 MM - Retail Center, 1st Mortgage Permanent Financing, Acquisition Financing $4 MM - Fully Occupied Retail Center, 1st Mortgage Refinance, Permanent Mortgage
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By Greg L. Weimer
(Remington Capital, Inc.)
$64.5 MM - Microcomputer Component Manufacturer, Bankruptcy Reorganization Financing - NY $5 MM - Auto Parts Manufacturer, Joint Venture Acquisition Financing - NJ $18.5 MM - Discount Retail Chain, Equity/Debt Financing Bankruptcy Organization - MA $80 MM - Cruise line, Acquisition & Start-up Financing - NJ $2.5 MM - Medical Services Company, Early Stage Working Capital Financing - NY $6 MM - Telecommunications Company, Equity Financing - NY $4 MM - Wireless Tracking Device Manufacturer, Expansion & Start-up Working Capital - MA $3 MM - Broad Form Application Service Provider, Early Stage Bridge Financing - NY $.25 MM - Online Travel and Hotel Reservation Website Company, Bridge Financing - CA $2.2 MM - Recycling Company, Bridge Financing & Secured Line of Credit - PA $.5 MM - Software ...
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By Greg L. Weimer
(Remington Capital, Inc.)
$8.5 MM - Waterfront Property, Land Loan - NC $7 MM - Hotel, Acquisition Financing - MD $28 MM - Apartment Complex, Permanent Mortgage Financing - PA $2.04 MM - Boat Restaurant & Club, Interim Construction Financing - TX $19.5 MM - Hotel Resort & Casino, Senior / Subordinate Financing - NV $3.6 MM - Apartment Complex, Permanent / Refinance - TX $7.2 MM - Apartment Complex, Interim & Bridge Financing - DC $5.6 MM - Medical Center, Permanent Mortgage Financing - PA $2 MM - ATM Machines, Acquisition Financing - FL $6.75 MM - Apartment Complex, Acquisition & Rehabilitation Financing - NY $6.8 MM - Apartment Complex, Permanent Mortgage Financing - NY $3.75 MM - Apartment Complex, Permanent / Acquisition Financing - TX $2.5 MM - Medical Services Company, Equity & Debt Financing - NY $5 MM - S...
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By Greg L. Weimer
(Remington Capital, Inc.)
$64 MM - Office Building, Redevelopment Financing - NY $22.5 MM - Office Park, Permanent Financing - PA $31.6 MM - Corporate Center, Permanent & Mezzanine Financing - PA $170.5 MM - Office Portfolio, Permanent Mortgage & Mezzanine Financing - FL $6.7 MM - 3 Story Office Building, Permanent Mortgage Financing - CT $110 MM - Office/Commercial, Acquisition Financing - PA $27 MM - Office Building Redevelopment, Permanent Mortgage Financing - PA $56.5 MM - Office Building Redevelopment, Re-capitalization Debt/Mezzanine Financing - FL $6.2 MM - Office Complex, Permanent Mortgage Financing - PA $2 MM - Conversion of Post Office to Office Property, Renovation Financing - PA
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By Greg L. Weimer
(Remington Capital, Inc.)
$3.5 MM - 128 Room Hotel, Bridge Loan $136 MM - 570 Room Hotel, Construction Financing, 90% LTC - IL $11 MM - Hotel Refinance 1st Mortgage Permanent Financing - CO $48 MM - Hotel / Office, Acquisition / Renovation 80%LTC - MD $7 MM - Hotel Acquisition, Acquisition Financing - MD $19.5 MM - Hotel Resort & Casino, Senior / Subordinate Financing - NV $40 MM - 6 Hotel Properties, Acquisition Financing - 6 East Coast Cities $56.5 MM - Hotel, Debt / Mezzanine Financing - FL $58 MM - 2200 Key Hotel Portfolio, Debt / Mezzanine Financing - FL $1 MM - Hotel Suites, Bridge Financing - NV $48 MM - 196 Key Hotel / Office, Acquisition / Renovation Financing, 80% LTC - MD $12.5 MM - Hotel, Permanent Financing - GA $23.5 MM - 800 Key Hospitality Portfolio, Permanent Financing - PA $62.6 MM - Hotel, Acq...
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By Greg L. Weimer
(Remington Capital, Inc.)
For the past 15 years, Remington Financial Group has successfully provided capital and financial services to experienced real estate owners and developers nationwide. Remington's success is built upon well-established relationships with highly regarded domestic and foreign based capital sources (both private and institutional). Our vast lender network, combined with market expertise and a highly disciplined due diligence and transaction process, means clients benefit from integrated, seamless financing. Remington works to provide customers with a clear picture of the status of their transaction, as well as any fees associated with the transaction throughout the due diligence process. We work proactively to identify and overcome challenges before they become barriers to a successful clos...
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By Greg L. Weimer
(Remington Capital, Inc.)
New Sources for New Business As published in Scotsman Guide's Commercial Edition, January 2009 Although top-tier banks have slowed credit issuance, experienced mortgage brokers understand that funds are still available for those who know where to look. (click here to read full article) Bridge Loans As published in The Niche Report, December 2008 For commuters crossing the Golden Gate Bridge to get to work, the value of a highly capable, stable bridge crossing is priceless. The same can be said for bridge loans, which are generally low cost, are used for a specific purpose and help borrowers "bridge the gap" between funds they need and funds they will soon have. (click here to read full article) The Art of Listening As published in Scotsman Guide's Commercial Edition, November 2008 For c...
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By Greg L. Weimer
(Remington Capital, Inc.)
Remington Financial Group in an unsettled market is consistent and stable. Their unprecedented Analysis, Service, Commitment and Communication are what sets them apart. When the recent market is doom and gloom all they want to know is "HOW CAN WE HELP". Whether it be an Investment Opportunity, International Development, or a Challenging Problem, Remington Financial Group stays committed to finding Creative Competitive Financial Solutions. Thanks RFG for your great communication and constant commitment.- R. Ramsey II If issues arise with a transaction, RFG always puts forth great effort to recognize it, and immediately responds to our clients with solutions. RFG's servicing of commercial loans and requests during Due Diligence is the fastest I've ever seen. RFG uncovers the true merit of...
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By Greg L. Weimer
(Remington Capital, Inc.)
Senior Debt/Equity Financing All Property Types $1 Million and up Acquisition, Development, Refinance, Bridge, Principal Buyout, Special or Story Situations Mezzanine/Bridge Loan Financing All Property Types $1 Million and up Aggregate Leverage up to 85% Loan Term up to 8 Years Amortization up to 25 Years 11% - 14% Annual Interest Rate Non-recourse Subject to Carve-outs Joint Venture Financing 100% Financing Construction, Developments & Acquisitions $1 Million and up Multifamily Existing Apartment Properties with 5+ Units Mobile Home Parks Limited Mixed Use $1 Million and up Nation Wide 6 month, 3, 5, 7, & 10 Year Fixed Terms 15-year Fixed Fully Amortized Bank Rates Minimum DSC 1.20 80% LTV for Purchase, Rate & Term Refinance 75% LTV for Cash-out Refinance Remington ArrangesSpecialized ...
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By Greg L. Weimer
(Remington Capital, Inc.)
Leverage Remington's Expertise and Market Knowledge to Make Your Project a Success Remington's expert Advisory Services help clients carefully evaluate and restructure transactions that may have existing financing challenges. Our team develops advanced strategies to create new and alternative financing opportunities that can help supplement or replace conventional lending sources. By providing our clients with access to the latest and most competitive capital sources the market has to offer, RFG's borrowers gain the advantage of a comprehensive perspective from which to choose the widest range of financing products available. Remington also offers quick access to capital sources that can meet the unique demands of specialty and challenging transactions. Companies that are currently rest...
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By Greg L. Weimer
(Remington Capital, Inc.)
Remington Financial Group has built its success upon well-established relationships with highly regarded domestic and foreign based private and institutional capital sources. Our extensive lender network combined with market expertise and a highly disciplined due diligence and transaction process means our clients benefit from integrated, seamless financing. Throughout the due diligence and deal process, Remington works to provide customers with a clear picture of the status of their transaction and any fees. RFG proactively works to overcome obstacles before they become barriers to a successful close. Delivering exceptional service throughout the financing process, Remington offers a variety of creative financing options with highly competitive rates for: Conventional financing | Hard-...
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Remington ArrangesSpecialized Financing For: Apartments & Mixed Use Assisted Care Facilities Bridge Loans Business Investment Capital Business Loans without Real Estate Commercial Properties Special Purpose Properties;e.g. Car Washes Construction Loans Entertainment & Multi Media Equity/Debt; 100% Financing Equity Capital Franchise; up to 100% Financing Hard Money Hotels/Motels Land Development; up to 100% Mixed-Use Commercial Multi-Dwellings Non-Conforming CommercialReal Estate Office Buildings - Industrial &Retail Properties Operating Capital Retail Space Working Capital
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SCOTSMAN GUIDE Continued ... Reprinted From Scotsman Guide Commercial Edition, December 2005 All rights reserved. Third-party reproduction for redistribution is prohibited without contractual consent from Scotsman Publishing Inc. Know Your Stuff Secure optimal hotel loans by being well-informed and well-prepared By Andrew L. Benioff, president and COO, RFG Hospitality Capital Lenders want to offer their best terms to projects they think will be successful. If a project's success looks uncertain, it is a lender's nature - if not its duty - to withhold favorable conditions. To get A-plus terms from a lender, borrowers must illustrate the venture's value, primarily regarding the security of the investment. The process of securing optimal terms can be especially problematic for those in the...
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GlobeSt.com Commercial Real Estate News and Property Resource Last updated: Tuesday, September 5, 2006 RFG Raises $282M for Eclectic Acquisitions By Marita Thomas (Link to this Article) GlobeSt.com RFG Raises $282M for Eclectic Acquisitions PHILADELPHIA-An institutional equity investor that cannot be identified during the quiet period in preparation for an IPO has obtained an aggregate of nearly $282.3 million to acquire two separate and diverse portfolios. One consists of 14 office and warehouse buildings. The other contains four independent living properties in two states. In both cases, locally based Remington Financial Group Inc. arranged debt and bridge financing. With nearly $142.3 million in funding from JP Morgan Chase, the investor and an operating partner have acquired a 2.7-m...
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Investment bankers may be a good funding option for mortgage brokers and their clients Andrew Bogdanoff, president, Remington Financial Group As published in Scotsman Guide's Commercial Edition, January 2009 Although top-tier banks have slowed credit issuance, experienced mortgage brokers understand that funds are still available for those who know where to look. Some brokers who have customarily secured funding through traditional banks are finding success by developing relationships with investment bankers that have private, proprietary lending sources. These lending partners typically are more flexible than traditional banks when determining where to place their funds and therefore often can assist a wider variety of borrowers. In addition, they often have money available to lend for...
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By Shayne Fowler
(CNN Mortgage)
Andy Bogdanoff, founder, Remington Financial GroupAs published in The Niche Report, December 2008 For commuters crossing the Golden Gate Bridge to get to work, the value of a highly capable, stable bridge crossing is priceless. The same can be said for bridge loans, which are generally low cost, are used for a specific purpose and help borrowers "bridge the gap" between funds they need and funds they will soon have. Just like the name implies, a bridge loan is a solid option that takes a borrower from one point to another. Used in commercial and residential lending alike, a bridge loan is another viable lending option that skilled brokers can use when appropriate Definition of a Bridge Loan The most clearly defined characteristic of a bridge loan is the fact that the lender requires a s...
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