It’s no secret that marinas and every other type of commercial property are feeling the squeeze. If you’re a marina owner faced with a cash flow problem or think you might be in 2009, what are your options? I’m sorry to say that doing nothing is the worst thing you can do.
In conjunction with David Huempfner of Applied Technologies and Management, we’ve written an article Called “Marina Financing Debt Restructuring” in the March 2009 edition of Marina Dock Age. You’ll find a neat flowchart that outlines whatever path needs to be taken for whatever your marina cash flow situation may be.
Check it out! This edition and a subscription to Marina Dock Age are the cheapest marina advice you’ll ever get.