Investors want to know the What, Where, When and How of an investment or loan. What is the investment and Where is it located? When do investors receive benefits, does it support debt and over What term. The What and Where you already know, but the When is based on your...Read More
The purpose of an Evaluation is to establish a concise written report that summarizes the operational and financial opportunities’ of a golf project. It should identify market, demand, costs, income, expenses, profitability, structure, physical aspects, and risks and rewards...Read More
The most common mistake developers make is not matching or aligning the golf component with the residential opportunity. Too many times, I see a Cadillac course in a Chevrolet market or vise verse. Therefore, make sure you are building or buying the right course for your...Read More
M. Alviano, NC
It is very difficult to obtain a recreation loan in today’s uncertain economy. While banks are leery of lending to recreational properties they are interested in government guarantee loans.
Funding for community centers, libraries, private schools, golf courses, ski resorts, hotels and other income-producing properties.
USDA CF program guarantees up to 90% of bank’s loan at a fixed or adjustable rate based on prime. Term is 30 to 40 years. If your project cannot be funded by USDA-CF, you may want to consider using B&I or SBA, who also guarantees loans with owners cosigning the loan.Read More
The USDA guarantee loan program is complicated and confusing, but also can be flexible with different approaches. Our assignments are to complete a Feasibility Report to be shared with lenders, buyers or investors. This includes several visits to the project and meetings with client,
lenders, nonprofits, attorneys and introduction to USDA. After an informal meeting, an Application is submitted to USDA area office, and they review reports / application, then forward to state office. One can expect USDA to ask questions and most of their questions have been concerning the Bylaws, community support or Feasibility Report.
Required reports are typically completed within two months including:
With each assignment I sign a Confidentially Agreement. While I do use project’s name, I do not discuss financial aspects or status of our efforts with others. Clients do not want me to discuss their projects with outside parties. When meeting with others I do not speak for my client, but I do speak on their behalf. While responsible for my report, I cannot be responsible its use by others (lenders, government, investors).Read More
Spear Consultants, Ltd is a consulting firm assisting clients and prospects through the complex process of financing and refinancing income-producing projects. With over forty-five years experience and over five hundred feasibility studies, our independent reports are customized to client needs and based on relevant market facts, informed judgment and common sense. Our firm’s primary effort is a Feasibility Report to determine if it is feasible to finance a income-producing project in a given area and by what means: conventional, private, or public funding.
Spear Consultants’ Feasibility Reports details how the proposed project will be funded and if future projections are capable of supporting debt. This report identifies the profitable opportunities and known facts of a given project. Our assignment and resulting report goes beyond the study of demographics and financial projections because we “customize” our report to meet client needs.
Feasibility Report determines and addresses:
The cost of our services varies depending on research information available by client and is completed over several weeks. Some clients know exactly what they need and appreciate Spear Consultants efforts and costs associated. However, in the current economic climate and uncertain future, clients need to first get a practical understanding of what is a Spear Feasibility Report, and if a funding source is realistic. In this situation Spear Consultants offers our expertise through a “Visitation and Review” assignment.Read More