Featured Transactions:

RFG secured $140 million in financing for one of the nation’s largest privately held real estate investment and development companies and one of the country’s most experienced and reputable senior living companies. RFG delivered high leverage, non-recourse floating rate senior debt and mezzanine financing, which was priced above LIBOR and provided by a portfolio lender. The financing enabled completion of the acquisition of four existing independent living communities, three of which are located in the Texas market area and one in Missouri. The properties are four to five years old, class A assets that had not been operated to their fullest potential by the developer and seller of the portfolio.

The senior living property operators planned to implement higher-margin services to tenants in the acquired facilities and to provide higher-quality food services, which were expected to improve the profitability of the facilities. The institutional property owner and investor, partnered with the senior living property operators with the expectation that the project would deliver strong upside. The investor also felt comfortable partnering with developer based on its past experience working with the company on previous ventures.

Within 24 hours, RFG found a portfolio lender and secured a term sheet that ultimately closed under the exact terms of the initial quote. The financing included some mezzanine bridge financing, which will be repaid as the joint venture is recapitalized with cash equity.

Remington Financial Group arranged $4.5 million in debt/equity bridge financing for an 11-story, 249-room full service hotel for one of the world's top 15 hotel companies. READ MORE