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Golf Course and Driving Range Mortgage Loan Financing |
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Golf Course - Driving Range Mortgage
Loan Financing
As experts in the golf course
industry, we offer
superior flexible financing
options consisting of:
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Large single-asset
transactions and portfolio
financing
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Fixed or floating rate;
with flexible prepayment and
terms
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Financing of daily fee,
semi-private and non-equity
private courses
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Flexible
financing options for small
driving ranges and owner
operators
This information below is intended to give
you our typical financing deal
parameters. If your transaction does
not meet these parameters please
call us to discuss how we can meet
your needs.
The information furnished below is
used as a general guideline for underwriting
a golf course property.
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Acquisition & Refinance |
Member Owned Clubs Allowed |
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Transaction Size |
- Portfolios of $3 million to >125
million
- Single property $500,000 to $5
million
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Asset Types |
- 501(c)7 owned
- Daily Fee
- Semi-Private or Private
- Non-equity
- 10+ years old
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Structure |
- Up to 75% LTV
- 3 to 7 year terms
- 25 year amortization
- Non-Recourse
- 2 year lock out
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Interest Rates and Costs |
- Fixed rate or floating at
competitive spreads
- Generally 1/2% - 1% origination
fee
- Exit fees may apply
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Other Features |
- Earn Outs
- Flexible prepayment
- Ground leases and operating
leases ok
- US and Canada
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Non-Qualifying |
- New Clubs <8 year old
- Major Construction or
renovations
- Par 3's
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Non Traditional Golf
Course Mortgage Loans
There is hope if your golf
course property does not conform to bankable
guidelines. If
you are located in a high growth area such
as Utah, California, Texas, New York,
Washington, North Carolina, South Carolina,
Florida, Texas, Arizona, New Mexico, Oregon,
Washington
non
traditional or Hard Money Golf Course Loans
maybe available.
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Golf Course
Loan Rate Products:
• Adjustable rates:
3-month, 6-month, 1-year, 3-year,
5-year, 7-year, 10-year
• Fixed rates: 7-year, 10-year, 15-year,
20-year, 25-year, and 30-year - Interest
only options
• Prepayment options: open prepayment,
partial open prepayment, full yield
maintenance
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Free Consultation: Simply
call us Toll Free at 888-375-5355 and one
of our specialist will be more than happy to
help. |
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