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Forums » Private & Conventional Lending Discussion » Remington Financial???

Remington Financial??? Subscribe to Remington Financial???

5 posts by 4 users

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Kevin Adams

Real Estate Broker · Beverly Hills, California


Forum_avatar_avatar-fcmbroker

Icon_minipost Aug 22 '08, 03:13 PM

They claim to go...(even in this market)...97-100% LTC for Multifamily developments....Does anybody have any experience with them EVER closing a loan or even knowing of anybody Lending 97% through debt, mezz and equity???

Edited: 06/26/2010 at 05:44AM


Kevin Adams

Real Estate Broker · Beverly Hills, California


Forum_avatar_avatar-fcmbroker

Icon_minipost Aug 25 '08, 12:41 PM

Nobody????

Edited: 06/26/2010 at 05:46AM


Marshall Morris

· Orange, CA


Forum_avatar_avatar-hardmoneyre

Icon_minipost Sep 17 '08, 06:54 PM

Run away. They are bad news. If it does not make sense, you are probably right. They are know for taking money and not performing.

Edited: 06/26/2010 at 05:56AM


Wes Nichols

Commercial Lender · San Diego, California


Forum_avatar_avatar-wnichols

Icon_minipost Oct 02 '08, 10:46 AM

Stay away they steal upfront fees have a class action lawsuit against them. If you want to do apt loans you can get 80-85% LTV with Fannie or HUD There is also Mezz or equity out there but needs to make sense. You will still need to put in 10-30% of the equity needed

Edited: 06/26/2010 at 06:03AM


John Thompson

Banker · Clearwater, Florida


Forum_avatar_avatar-commercialfunds

Icon_minipost Oct 16 '08, 08:58 PM

You will be hard pressed to find anyone to say good things about this company...DO NOT ENGAGE THEM... If you are looking for commercial financing, we may be able to help, depending on what the deal looks like. In today's market it is possible to get 80% up to 1.5MM but it cannot be a special use property..(Rest/Bar / School) I have one investor that is going to 80% on an investor / stated product with 620 scores. Hope this helped.

Edited: 06/26/2010 at 06:09AM


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