None of the major banks have made marina loans for years. That's left room for small banks, finance companies and hard money lenders. I've addressed the two biggest myths to making marina loans on the prior blog to this series. So how do we structure a marina loan to minimize risk? Bottom Line It For Me Read more
Maryland’s Marina Tax Credit Bill
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Posted by John Simpson
The passage of Florida's Amendment 6 was a one of the first successful attempts at helping the marina industry remain... well... the marina industry. It appears that other legislators are trying as well. Here's an article published in HometownAnnapolis.com entitled "Bills try to keep sinking maritime industry afloat" that discusses tax credits for.
Read moreHow Lenders Can Safely Lend On Marinas – Part 1 of 2
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Posted by John Simpson
Marinas have gotten a bad rap from financial industries. Having dealt one-on-one with lots of lenders over the past two decades, the common viewpoint is that they're recreational property in the same class as recreational vehicles, ski resorts and others. Slowly all the major banks stopped lending on marinas. So it's been left in the.
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