Purpose:  Acquisition
ProgramPrivate Money
Property Type:  Golf Course on +/-104 Acres 
Loan to Value - LTV65% of 'the Purchase Price
Terms 12 Month Note, 10% Interest Only
DetailsWe had assisted the borrower previously with land acquisition and construction loans.  An opportunity presented itself to our client for the purchase of a golf course on +/-104 acres, next to her current development, at a severe discount.  The golf course had been closed whereby creating a situation where we not only had a motivated seller but she was willing to carryback a portion of the note as well.  The golf course includes a clubhouse, 2 small warehouses, 19 acres of lakes, and 34 acres that are 'buildable', adding even more value.  Our client will make the needed improvements to the golf course, re-open and start developing the buildable 34 acres.  Once the golf course is operational and income producing our client will have the option of re-financing the golf course into a new loan or sell the golf course as she continues to build.
FundingEdge & Power2Fund
Commercial Real Estate & Biz Finance
Phone: (210) 249-2111 / (830) 331-4030
Fax: (210) 280-0069
New Apps: newapps@power2fund.com