Fast-changing food industry poses challenges for financial lenders
From the rise of farmers markets and organic-only “foodies” to the attacks on sugar and trans-fat, the food industry is changing along with consumers’ tastes and preferences. This means those who appraise assets for lenders in the food manufacturing, retail and foodservice sectors need to be sure their analytics are in step with the times, write Tiger Group experts in the July/August issue of ABF Journal.
In the article “Order Up!," food industry assets are increasingly on the menu for asset-based lenders. Tiger’s Christopher Huber and Kevin Boland cite multiple examples of appraisal-related considerations that can be overlooked to the detriment of lenders issuing loans against food-related collateral. Huber, a Los Angeles-based managing director at Tiger Group, is a veteran retail appraiser with extensive experience in the grocery sector; Boland, ASA, is a New York-based assistant vice president with the firm whose broad experience includes appraisals of food-industry plants, machinery and equipment (M&E).