So You Want to Finance a Marina?

So You Want to Finance a Marina? People ask me what do I look for in a marina when I consider financing it? I tell them The Market. What is the demand for the product? How strong is the demand, how deep does it ran, what are its vulnerabilities? Is it long-term or short-term? Does…

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So You Want to Finance a Marina? People ask me what do I look for in a marina when I consider financing it? I tell them The Market. What is the demand for the product? How strong is the demand, how deep does it ran, what are its vulnerabilities? Is it long-term or short-term? Does the marina generate sufficient income to develop a strong debt service coverage ration in the range of 1.30 to 1.50? Does the marina have reliable, steady and sufficient income to support expenses, debt and a reasonable return to the owner with little or no risk associated with it?

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