Remington Capital – Joel A. Nathanson

In today’s challenging credit markets it’s important to have a strong capital markets division sourcing your capital. With both institutional and private investors still leary when deploying new money, its important to understand each investors specific investment strategy and guidelines. Here at Remington, our capital markets group works closely with over 500 capital sources up and down the capital stack. Having multiple capital sources available for any particular transaction is crucial because its not uncommon to have to present a deal to 15 or 20 capital sources before one ultimately says “yes”.

I think everyone from main-street to wall-street are starting to see signs that the recession is easing. In the commercial sector, your seeing money that was sitting on the sidelines through 09′, beginning to be deployed. This is a clear indicator that investors feel property values have bottomed out, stabilized, and will begin the upward trend. Still, the biggest issue facing commercial real estate is the $1.4 Trillion dollars that will be coming due in the next 3 years that will have to be refinanced. Unfortunately neither main-street or wall-street have figured out a viable solution for this.

Read Full Article

Banks and commercial lenders will continue the deleveraging trend throughout 2010. The trend is starting to be seen in secondary and tertiary markets hardest hit with increasing vacancies and decreased cash-flow.

The CMBS market shows a 4.5% default rate on their entire portfolio, with lodging at 11%, and multifamily at 7%. CMBS  transactions that are in risk of default are being turned over to special servicers to ultimately make a decision to either do a work-out or foreclose and auction off assets. The CMBS transactions will be the hardest to recapitalize due to the amount of red tape that borrowers will need to go through.

The good news is that Remington has funds that are being deployed to recapitalize these types of transactions. Please give me a call and let’s discuss.  In addition to our expert advisory services, we are your best access to commercial capital.

Thank you – Joel Nathanson, Remington

I’m working every day with owners, developers and brokers on a variety of financing opportunities.  At Remington we have the best access to commercial capital, with hundreds of active funding sources.

Listed below are some of the financing programs that are currently available. Call and let’s talk about getting your transaction closed.

Senior Debt/Equity Financing

• All Property Types
• $500,000 and Up ($5 Million and Up Internationally)
• Acquisition, Development, Refinance, Bridge, Principal Buyout, Special or Story Situations

Mezzanine/Bridge Loan Financing

• All Property Types
• $500,000 and Up ($5 Million and Up Internationally) 
• 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
• $500,000 and Up ($5 Million and Up Internationally)

Multifamily

• Existing Apartment Properties with 5+ Units
• Mobile Home Parks
• Limited Mixed Use
• $500,000 and Up ($5 Million and Up Internationally)
• 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

Hi I’m Joel A. Nathanson of the Remington. The current supply and demand imbalance in the commercial real estate capital markets provides investors with an unprecedented opportunity to generate equity-like returns for debt investments.  This same imbalance presents our team at Remington with an opportunity to assist more distressed developers and owners who seek financing.

According to the Mortgage Bankers Association, CMBS now represents 20% of all commercial loans.  The liquidity problem is the fact that most commercial banks are not in a position to extend credit to new borrowers because they are struggling to manage their deteriorating commercial loan portfolio.

We can help, and that’s one of the topics I’ll be discussing in this blog.

Remington has built its success upon well-established relationships with highly regarded domestic and foreign-based private and institutional capital sources. Our lender network, market expertise, and highly disciplined due diligence and transaction processes gives our clients the best chance secure financing.

Our 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.

Thank you reading my business blog, and let me know what you’d like to read.

Joel Nathanson – Senior Executive, Remington