Tuesday, March 22, 2011

New Price! Wilson Pond Camps, Greenville, Maine

Now offered at $1,650,000, Wilson Pond Camps offers a bit of rustic luxury in the North Maine woods in Greenville, just 5 minutes to Moosehead Lake on the quieter Lower Wilson Pond.

7 newly renovated cabins with pine interiors, full sized kitchens, 2 bedrooms, outdoor seating area and most with private docks. Owner's post and beam home with picture windows, 2 bedrooms, 1.5 baths, large open living room with woodstove, detached oversized 2 car garage, shed, woodshed, boat ramp, inventory of various boats, canoes, etc. This is as turnkey a business as they get. Ideal as a family compound as well. This is a must see to appreciate property!

Visit the listing on my website for more details.

NEW LISTING! Little River Lodge in Cutler Harbor, Maine

Little River Lodge sits across from Cutler Harbor, just 30 minutes to Machias and 30 minutes to Campobello Island. Guests had been staying at the bed and breakfast for decades up until December of 2008. Puffin trips to Machias Seal Island leave from the harbor and are popular in early summer.

There are 6 bedrooms, 4 baths on two levels plus a large partially finished attic with 2 bedrooms and 1 bath with additional unfinished space.

Offered at $324,000 - See more details on the listing page of my website: http://www.danamoos.com/cutler.html

Tuesday, March 15, 2011

BACK ON THE MARKET! Kismet Inn and Spa in Bath, Maine

Significantly reduced, this spectacular Queen Anne Victorian has been modernized from top to bottom. Turnkey in every sense. Spacious, bright, beautifully appointed, rich colors, fabrics, custom furnishings, large custom kitchen with granite, Travertine marble and hardwood floors (radiant), tile baths with radiant heat, custom Japanese style soaking tubs. This home offers customizations and spared no expense. 6 bedrooms, 6.5 baths, very large yoga/meditation room, situated across from the beautiful Library Park. This property IS a one of a kind, must see. Visit my website for more details.

Monday, March 14, 2011

NEW PRICE! $525,000 - Brassua Lake Camps in Rockwood, Maine

Wonderful all season camp with four fully equipped cabins with small kitchens, bath with shower, porches and a gorgeous view over Brassua Lake. Additional modular single family home with 2 bedrooms, 2 baths, living room, rec room, eat in kitchen and more. New float onsite and new doc drawings in place with LURC for future use. 16 acres bordering route 6/15 (perfect for commercial signage and access) and 530 feet of water frontage. Visit my website for more details.

Friday, March 11, 2011

Maine Banks ARE lending, at least the ones I'm working with...

I spoke to a client today and learned something a bit unsettling about a conversation that took place with an out of state business "counseling" agency. This client is looking for an inn with a good performing business like most of my clients are. They went to talk with this agency, who is an official SBA agency to help buyers obtain small business loans.

My client emailed: "Saw on your Twitter about banks and lending. Just wanted to pass along that we were told by the SBA down here that nobody is lending and that if we wanted to buy a lodging property that we would likely have to find private investors. Was very discouraging! So I think it is important for you to get the word out that banks are lending in Maine."

Yesterday someone (in Maine) mentioned to me that an agent told them that banks aren't lending. This is just not true. Banks are lending but they're being cautious on those businesses that are under performing, simple as that. The banks are NOT lending on potential, they are ARE looking at the bottom line and cash flow quite a bit more than the gross. I have taken many of my sellers' financial statements to my network of lenders to see what they could do based on the seller's current performance. And I am working with buyers and banks are lending.

It makes it difficult for Maine real estate agents to do their jobs when people, in or out of state, make incorrect assumptions.

If you're looking to buy a hospitality property in Maine, contact me and I'll put you in touch with lenders that I know are trying to put buyers into properties. Don't get discouraged, talk to a knowledgeable broker!