
Remington Has Access to Equity Capital
The majority of institutional equity that has been raised over the last 3 years, was to purchase distressed notes. These distressed notes are made up of a combination of preforming and non-preforming assets. Unfortunately, for the large private equity funds the number distressed notes hitting the open market is minimal compared to their initial expectation. The major reason, banks have continued to “extend & pretend” the current notes as long as they are cash-flowing assets and can service the debt. For the properties that banks won’t negotiate on, the only option is to recapitalize or be forced in to foreclosure. Remington’s Distressed Property Recapitalization Program (DPR) is the best option for property owners that are in this situation. With this program, we can work with our over 500 capital relationship to bring all parts of the capital stack to the table and find a viable solution.
Tags: capital stack, distressed developer recapitalization, distressed owner recapitalization, global lending for commercial real estate, joel nathanson
