Posted by Heather on September 14, 2008 at 11:27:03:
I would love to see what we can do for you. Please email me at heather@remingtonfg.com with more details. Unfortunately, we do not do residential, however. But I look forward to speaking with you about your commercial financing needs.
Posted by Chandler on September 06, 2008 at 16:02:21:
Hello Board
In the wake of banks tightening down on lending monies, median credit scores increasing etc. Is it still possible to do creative commercial deals? If you have an example please elaborate…This a legit question so those of you who feel the need to be sarcastic please resist the urge
There are a few ways to expand ltvs in the commercial market. Buildinag a green building for one under the USGBC LEED standard can help. Many states have reduced property tax rates depending on how green you building qualifies under the LEED scoring system. There are four tears. Certified, silver, gold, and platinum. As you achieve higher ratings on this grading system taxes are adjusted in many states. In addition to this because of the way the building is designed there are substantial reductions in electric, water, gas, hvac usage etc. This all boils down to a greater NOI net operating income and NROI net return on investment, reduced cash flow liabillity. There are many large banks that recognize this and have loan program designed just for LEED buildings to increase ltvs and lower rates for these certified buildings. An example is all of the new commercial construction in vegas. Most of it is LEED rated for this reason.The casinos get it. If going green makes financial sense wouldn’t you. Normal increase in cost is between 0 and 1.5% to the total project but ltvs can be pushed 5-7% in financing and stack the costs. You will need a LEED AP that understands financial lending to help accomplish this. Any questions do not hesitate to ask.
Lee
LEED NC Accredited Professional lee.lobaugh@cox.net
Going Green Makes Financial Sense
3 Billion in personal funding expierence
Posted by Heather Dodson on September 08, 2008 at 15:01:08:
My company has a lot of options for creative financing. We are a correspondent to many private capital sources that lend outside the box and allow us to secure financing for projects that banks aren’t lending on. Please email me at heather@remingtonfg.com so we can discuss this further. Thanks!
Commercial has tightened up a lot for some lenders, but not for all. You can still get very creative with a lot of projects. If you are buying right, you can still use the ARV rather that the purchase price in many cases. That is just one of the things that hasn’t changed.
Perhaps you can give a specific example of something you are trying to get done and I can suggest ways to do it.
Posted by Gil Sewell on September 13, 2008 at 15:39:30:
Hi Sir:
Was looking over your sources of creative fin. Im in need of someone who can help me in financing w/o bank involved. And can help with Homebuyers who are looking to get financing as well.
Thanks!