Appraisal Matters

Over the past several months, we’ve been approached by multiple groups that are interested in buying troubled marinas.  Their selection and investment patterns differ, but there are several important threads running through each deal.  One is buying them for 50 to 60 cents on the dollar.  They’re willing to pay cash, so a deal can [...]

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I was reminded today by Tom DeLotto, CMM, of IGY how important management is to a marina.  Appraisal theory clearly states that market value is to be based upon competent management.  That being said, many investors entered the market without the specialized knowledge needed for a marina to succeed.  We see it all the time [...]

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We have investors who are looking to buy.  It might not be at the top dollar that you want, but they have cash in hand and are ready to go.   We can help put you together with these investors and help you avoid foreclosure or further loss.  We are working with many marina owners right [...]

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Having helped John research marinas for the past decade, I’ve spoken with an untold number of marina owners and managers.  I’d like to add my own perspective on the industry.
This is what the marina industry needs (in no particular order):

Lenders that are willing to work with troubled loans;
Owners willing to work with lenders on troubled [...]

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I am inundated with foreclosure calls, from both sides of the fence.  Owners are calling asking us for advice when the notice of default comes and lenders are calling just as they send these notices out.  After years of very easy lending practices, many marinas are in trouble.  This is especially true for marinas that [...]

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