Marshall & Stevens has formed a partnership with James P. Grace, a 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 the major equipment categories and will expand to cover corporate aircraft, commercial aircraft and eventually marine vessels.

Equipment Value Forecaster, which will provide a self-service online portal to valuate equipment based on carefully maintained proprietary database, is expected to be available in Q1/20.