We’ve had some interesting roundtable discussions about reserves in the office. The big question is why don’t we see reserve line items on income statements or as a separate deposit/bank account on the balance sheet? For marinas, this is an even more important question because it seems that lenders don’t understand how much of a reserve . . . → Read More: Owners Don't Reserve – They Refinance
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Bar and restaurant appraisals are interesting assignments. Unless you are going for an SBA loan, the lender only wants to lend on the “bricks and sticks.” They are not interested in the bar equipment (a.k.a. furniture, fixtures and equipment or FF&E), business value or goodwill. The hardest part of this type of assignment is how to . . . → Read More: Bar Appraisals |
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Lenders are Getting Tough – Creative Financing Becoming the Norm
Right now, lenders want properties that have no problems at all. If there is a slight functional problem or any creative back end financing, forget about the deal. Calls from reviewers are up too because the criteria for lending is tight for not just for the individual.
There are lots of special financing deals. Cash back is . . . → Read More: Lenders are Getting Tough – Creative Financing Becoming the Norm