We structure, arrange, and service first mortgages for golf courses, resorts, marinas, and hotels. Terms vary from 3 to 15 years based off U.S. Treasuries and LIBOR with various amortization options available. Our lending programs begin at $2M and are sized based on recent operating cash flow.
Golf Course, Resort, and Marina Lending Program:
Eligible Locations: MSAs within the U.S. and its territories.
Property Types: Golf Courses including daily-fee, semi-private, private, and resort facilities. Salt-Water / Fresh-Water Marinas located in the United States.
Loan Amount: Minimum $2M
Loan Term: 3 – 15 year terms (Up to 25 years for qualified SBA loans)
Amortization: 15 – 30 year terms
Interest Rates: Fixed and Floating (Competitive rates based on risk profile and loan size).
Loan to Value: Up to 70% of Appraised Value.
Origination Fee: Varies depending on loan size and credit profile.
Reserves: Standard Tax, Insurance and Capital Reserves required during loan term.
Sponsor/Borrower: Creditworthy individual(s) or entity acceptable to Lender.
Borrowing Entity: Single asset or special purpose entity required depending on loan size.
For more information about our Resort / Golf / Marina Lending Program please contact:
| Jerry Hinckley Chief Operating Officer Email: jhinckley@leisurefinancialgroup.com Cell: 770.330.5066 Download Jerry’s vcard |
Ray Muñoz Principal Email: rmunoz@leisurefinancialgroup.com Cell: 404.272.4498 Download Ray’s vcard |