Turnaround Case Study: Venetia Country Club

In just nine months, an association in Largo, Fla., went from more than $350,000 in delinquencies–and near-collapse–to having reserves in the bank. Here, we speak with board member Scott Simms about how Venetia righted its sinking ship by getting non-recourse capital from LM Funding in exchange for giving LM the right to keep interest and late fees on delinquent amounts it recovered. . . . (to read the remainder of this article, please log in below.)