First National offers specialized golf course financing. Because of this, we enable every aspect of a golf club’s needs, from the purchase and acquisition of land, new golf courses or clubs, to construction, renovation and remodeling, as well as refinancing of an existing golf course. As as result, we are the preeminent lender to golf course owners with over 30 years of experience behind us.
One of the benefits of working with a specialized lender such as First National is that we are experts in the business of golf course financing and construction mortgage loans for new golf courses.
In addition, we understand the potential revenue streams and particular debt requirements of a new golf course facility. First National provides golf course loans for the new construction of courses, as well as clubhouse and facilities improvements.
First National understands the business of golf and golf course financing. With over 30 years of experience, we know how to value facilities realistically. We assess the real risks of a golf course, making loans based upon cash flow from operations as well as land value. Golf club loans are our business.
Because we know the nuances of golf course operations and make our own loan commitment decisions, we can execute programs more quickly and with greater flexibility than traditional lenders or larger institutions.
First National refinancing programs have been effective for golf courses all over the country, enabling them to increase working capital for renovation and repairs, make general improvements, replace equipment, or simply consolidate debt. Above all, we make loan decisions in-house, and close loans efficiently.
We want to see golf course owners achieve their goals, and First National offers golf course financing of initiation fees for private club memberships. These are structured as consumer loans through the club, with a repurchase agreement by the club originator.
Through First National’s CapitalAdd Program you can finance capital expenditures within the terms of a refinance or acquisition mortgage loan, allowing you to get started with your improvements immediately and on the road to increased revenue quickly. Funds for improvements such as a clubhouse expansion or renovation, the purchase of new maintenance equipment, an irrigation system overhaul, or upgrading locker rooms may now be financed at long term mortgage rates.
We hold and service all our golf course loans so you will always have direct contact with your lender. When questions arise regarding increased availability of funds for expansion, early debt retirement, or subsequent acquisitions, First National personnel will be your contacts: to serve and help your business grow.
With over 30 years of experience if golf course financing, Jerry Sager and the team at First National are experienced and ready to help you, contact us for more information for complete the adjacent form.