Joel's Twitter Feed
- Multifamily Lenders Share Their Biggest Concerns For The Road Ahead - http://nreionline.com/news/multifamily_lenders_biggest_concerns_0203/
- CMBS Delinquency Could Peak at 12%: http://bit.ly/8GMPdG via @addthis
- Remington Financial Group, Inc. - New Distressed Owner and Debt Opportunities Program, http://hubpages.com/t/db8c6
- Remington Financial has two new webinars are available for brokers to help find and structure new financing options for distressed owners.
- Lack of Bank Liquidity Threatens Commercial Real Estate Market http://www.dsnews.com/s/u-mhn2 #dsnews
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Remington is Following Distressed CRE Assets in Global Pattern
In MBA Newslink today I was reading this article: http://www.mortgagebankers.org/tools/FullStory.aspx?ArticleId=9213#full, and I’m not surprised that the rest of the world is following the US policy on trying not to push properties that are in breach of loan agreements into foreclosure.
A foreclosure for a lender can be a very time extensive and possibly a very expensive process. Due to the costs involved and possible liability exposure it can be much easier for a lender to sell the note at a significant discount, or allow the client to sell the distressed property.
This is an overall effort to of working with financial institutions and allow the credit markets to begin to open up. Even with a large influx of cash in the capital markets, banks are required to keep more cash on hand for their toxic loans. I believe the best opportunity for brokers is to help investors with cash-find equity-like returns with minimum risk.
I work with brokers daily on doing just that. We have access to hundreds of actively-lending capital sources for hard money financing, senior debt financing, mezzanine financing, bridge financing and much more. We work on a global scale and can help brokers who are located anywhere in the world.
Thank you! Joel Nathanson – Remington
Let’s Talk Hard Money Loans
Remington has a successful history of securing hard money capital and financial services to real estate owners and developers worldwide. We’ve been doing it since 1993.
Remington is an expert in hard money loans, a higher-risk loan that usually is based on the quick-sale value of a property. Hard money loans are often issued for financially distressed properties. We recommend hard money loans in cases where there is sufficient collateral and a promising business or financial plan.
We offer an extensive network of private and public lending partners, dramatically improving successful close rates for borrowers in need of a fast-closing loan. With a successful track record of closing hard money transactions, Remington delivers competitive transaction options even in these challenging market conditions.
Hard money loans may be issued for non-traditional properties or borrowers – including property owners who may have missed a mortgage payment or real estate developers that are looking for immediate support.
Remington looks for companies that operate in expanding market sectors including specialty manufacturing, resource development and service providers. Remington will consider securing financing on a diverse variety of commercial properties including mixed-use, apartment buildings, assisted care facilities, business investment capital, corporate loans, commercial real estate, special purpose properties (such as car washes), construction loans, hotels, land development, retail, office and industrial properties.
A hard money loan is easily recognized by distinguishing characteristics including its ability to close quickly. Although a hard money loan typically carries a higher loan to value and more costly rates and fees, borrowers continually turn to this specialty loan because it can move from start to close in 30 days.
If you are looking to move quickly to take advantage of a low-cost property, to avoid foreclosure or any other issue, please give me a call and let’s discuss the hard money option. Thank you. Joel Nathanson