Services for Lenders
Collateral Value Report
The Turrentine Collateral Value Report is the most reliable and up to date source of bulk prices and trends available. The majority of lenders to the California grape and wine business subscribe to this report, including American Ag Credit, Bank of America, Bank of the West, City National Bank, Comerica Bank, Exchange Bank, First Republic Bank, Silicon Valley Bank, Union Bank of California, Umpqua Bank, and West America Bank. The report is published quarterly, which allows one to stay up to date on the volatile changes in the collateral value of wine in bulk. The fee for a one-year subscription (4 issues) is $950 for a PDF version by email. Subscriptions entitle the subscriber to discounts on the custom evaluations listed below.
1. Basic Evaluation: Winery provides list of wines, with gallons of each and percentage of vintage, varietal and appellation. Prices are provided upon the assumption that all of the wines are of good or better quality. The fee for a Basic Evaluation is $450.00 ($375.00 for current subscribers to The Turrentine Collateral Value Report).
2. Sensory Evaluation: A sample of each wine and a detailed list accompanying the samples including variety, vintage, appellation, and gallons or cases available should be sent to Turrentine Brokerage for evaluation. Prices are based upon the actual quality of each wine. Lenders often request this service annually in order to satisfy examiners. Premium wineries may request this service in the expectation that their wine will justify a higher than average collateral value. The fee for a Sensory Evaluation is $450.00 plus $28.00 per wine tasted. ($375.00 plus $25.00 per each wine tasted for current subscribers to The Turrentine Collateral Value Report).
3. On Winery Site Audit/Evaluation: The winery provides a list of wines and tank samples as above. Turrentine Brokerage personnel visits the winery and spot checks physical inventory against inventory list (bulk &/or case goods). The fee for On Winery Site Audit/Evaluation is $1,700 per 1/2 day and $2,500 for a full day (plus expenses where applicable). Small, local winery evaluations can often be performed within the 1/2-day time frame, including the written report. Larger or more distant wineries generally require a full day. (Turrentine Collateral Value Report subscribers are entitled to a $100.00 discount on each evaluation).