Outdoor Hospitality News

For owners, operators, team members, and anyone else interested in camping, glamping, or the RV industry.

MC Fireside Chats – July 13th, 2022

Episode Summary

In this episode of MC Fireside Chats, sponsored by Let’s Camp, we welcomed several special guests to the show to discuss financing options and campground development. We were joined by Ken Kaplan, CEO of K2 Commercial Finance, and Bill McLeod and D Melton, Owners of Big Rig Friendly RV Resort in South Carolina. D also serves on the CARVC board of directors. MC Fireside Chats is a weekly show focused on the latest news, trends, and commentary from the Outdoor Hospitality Industry with hosts Brian Searl and Cara Csizmadia. The episode was streamed live on Facebook and YouTube, and is now available for listening as a podcast on Apple Podcasts, Spotify, Google, Audible, and more.

Recurring Guests

Special Guests

An image of a person in a circle promoting Furever Clean.
Ken Kaplan
CEO
K2 Commercial Finance
A man in a black shirt standing in the wooded Big Rig Friendly RV Resort.
Bill McLeod
Co-Owner
Big Rig Friendly RV Resort
A man in a hat is standing in front of a sign advertising a Big Rig Friendly RV Resort.
D Melton
Co-Owner
Big Rig Friendly RV Resort

Episode Transcript

In this episode of MC Fireside Chats, sponsored by Let’s Camp, we are joined by Ken Kaplan, CEO of K2 Commercial Finance, who talked about the whys and hows of campground and RV park financing, and Bill McLeod and D Melton, owners of Big Rig Friendly RV Resort in South Carolina who shared the story on how they built and developed their RV resort from the ground up.

McLeod and Melton started in the industry around 12 years ago; since then, they’ve seen the market get hotter and hotter.

Big Rig Friendly RV Resort has full hookup sites that measure between 75 feet to 120 feet, with most sites being pull-throughs.

“The demand has gotten so much stronger than it was and steadily increasing year by year,” Melton said.

Melton also mentioned that he’s seen the age group of RVers get younger and younger as it goes.

Kaplan, who has been financing RV parks and campgrounds, said he’s seen people struggling with finances.

This motivated him to help people reach their goals and dream of owning properties.“Small mistakes in financing can cost tens of thousands if not more over the term of owning an asset,” Kaplan said.

Kaplan also highlighted that things that make a successful park had changed a lot with respect to modernization.

“A lot of the things that make a borrower a solid borrower and that make an asset [RV park] a good investment from a lending investment haven’t changed very much. What changed is the economy that we’re all operating in,” Kaplan added.

Kaplan highlighted the significance of relationship in lending and financing, saying that an appropriate lender and a good borrower is fueled by relationships and preparation–making transactions easy.

In this episode of MC Fireside Chats, sponsored by Let’s Camp, we are joined by Ken Kaplan, CEO of K2 Commercial Finance, who talked about the whys and hows of campground and RV park financing, and Bill McLeod and D Melton, owners of Big Rig Friendly RV Resort in South Carolina who shared the story on how they built and developed their RV resort from the ground up.

McLeod and Melton started in the industry around 12 years ago; since then, they’ve seen the market get hotter and hotter.

Big Rig Friendly RV Resort has full hookup sites that measure between 75 feet to 120 feet, with most sites being pull-throughs.

“The demand has gotten so much stronger than it was and steadily increasing year by year,” Melton said.

Melton also mentioned that he’s seen the age group of RVers get younger and younger as it goes.

Kaplan, who has been financing RV parks and campgrounds, said he’s seen people struggling with finances.

This motivated him to help people reach their goals and dream of owning properties.“Small mistakes in financing can cost tens of thousands if not more over the term of owning an asset,” Kaplan said.

Kaplan also highlighted that things that make a successful park had changed a lot with respect to modernization.

“A lot of the things that make a borrower a solid borrower and that make an asset [RV park] a good investment from a lending investment haven’t changed very much. What changed is the economy that we’re all operating in,” Kaplan added.

Kaplan highlighted the significance of relationship in lending and financing, saying that an appropriate lender and a good borrower is fueled by relationships and preparation–making transactions easy.