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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Owners Don’t Reserve – They Refinance
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Posted by John Simpson
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.
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