Golf courses / clubs

Loan Types
Acquisition loans and refinance transactions

Property Types
Private Equity Clubs, For Profit Private Clubs, Daily Fee Golf Courses, US Golf Resorts and International Clubs and Resorts.

Loan Amount
Loan amounts between $5 million and $100 million are preferred.

Earnouts
Loans may be structured with an initial funding at closing, plus an “earn-out” of one or more future advances – e.g., a loan might have a $5 million initial advance plus subsequent advances up to $8 million based on the future performance of the project.

Loan Term
Most loans are for 5 to 10 years with negotiable prepayment structures.

Amortization
Loan balances are generally amortized over 20 or 30 years.

Interest Rates
Vary depending on loan structure, past performance and borrower strength. Floating over prime or LIBOR or fixed rates offered.