Doing our Homework Results in Successful Loans

The First National due diligence process includes a thorough analysis of a facility’s current business operations, regional demographics, and local market. Because First National knows the business of specialized assets, we know how to value properties and facilities; helping you maximize your borrowing power. We evaluate special asset operations as retail cash businesses, taking into account the revenue streams generated by all departments. Leveraging our experience in the marketplace with thorough analysis, we can assure that both First National and the borrower make prudent decisions.

First National utilizes a three-pronged approach to golf course facility valuation:
  • Cost Approach: considers the actual cost and replacement costs of the asset.
  • Income Capitalization Method: an estimation method which takes into account all the revenue streams and expenses associated with the property for a forecast period and then discounts the net cash flows back to a capitalized asset value.
  • Sales Method: compares the property under consideration to similar properties recently sold, taking into consideration similarities in the property and geographic proximity to the subject property.

When considering construction loans, First National additionally seeks to assess the future operating potential and overall value of the completed project. We will verify that proper operating practices have already been implemented or are planned in order to ensure the successful and profitable operation.

Our Mission

Principal direct lender
with in depth knowledge
of special asset groups. 

Special advisory and
loan servicer to the
financial community.