Remington Financial Group

Sept 15,2008
A substantial student lodging center was funded for $60,800,000 by the Remington financial group.

One of the areas best contractors interested Remington Financial, Inc. To build a large scale student housing complex, financing must be secure.

The project began over a decade ago with the construction of real estate near the entrance to the campus. A 20 year client of Remington tested many developers to develop a site but failed to get good results. At last he decided to go for from commencement to auditorium ceasing in rationally 12 months.

The preparation came together producing the biggest modernistic, privately financed, multifaceted growth of student housing, movie theater and retail stores. This project will be as good for the university as it will be for bringing this area back to life.

Remington Financial Group was in competition with the developer's long term relationship bank. Remington Financial had won the deal because of its ability to deliver superior financing to the developer's many options compared to their competitors. The underwritten construction funding which amounted to almost $61 million was for a two-year term on the basis of interest only. 80 percent of the project's stablized value was from loan proceeds; which was a very unexpected benefit to the developer because of RFG's financing package. The construction financing also contained a provision that allows for the loan to become fully non-recourse when a forward commitment that funds at construction completion is secured.

Remington Financial Group is a leading banking investment firm which arranges and provides bridge, mezzanine, equity, construction and permanent financing to projects ranging from income producing real estate to residential lot development and condo conversionshaving headquarters in Philadelphia.

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 with terms that are often superior to conventional approaches.

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 financial group offers a variety of creative financing options with highly competitive rates for:

Conventional financing | Hard-money loans | Bridge loans | Construction loans

Representing clients exclusively, Remington carefully manages the formation of all tiers of capital so they are structured and tailored to each unique transaction. This process saves clients time and money while significantly reducing transaction risk. Time and again, Remington has delivered refined capital solutions to complex transactions where other sources were unable to execute at all.
remington financial group can help revitalize existing deals that may be at risk with expert Advisory Services or assist with a comprehensive set of Financing Programs including origination, evaluation, transaction structuring, preparation and underwriting, negotiations and coordination of placement and closing processes.