Marshall & Stevens has formed a partnership with James P. Grace, retired equipment management executive with Banc of America Leasing, to develop a web-based residual value forecasting tool for the equipment finance and lending industries.
Equipment Value Forecaster will focus on all the major equipment categories and will expand to cover corporate aircraft, commercial aircraft and eventually marine vessels. Equipment Value Forecaster is expected to be available in the first quarter of this year.
Established in 1932, Marshall & Stevens provides valuation services.