Florida may have some large corporately owned courses, but there are a lot of midsize or smaller courses owned by a single entity or a small group. These courses may be struggling to make payroll or pay bills. Most conventional banks don’t want to handle loans resembling a land parcel, but Shop Commercial Mortgage looks for these opportunities.
Here are some specifics on golf course financing with SCM:
- Loan-to-value (LTV) up to 55%
- Loans from $50K to $5M
- Closing in 21 days or less
- Underwriting that makes sense
- No upfront fees
- No expensive appraisals
- Rates from 9-12%
- No costly delays
The size of the golf course is not important, we can fund 9-18 hole courses or larger anywhere in Florida
Quick answers, speedy approvals, and time-sensitive handling of each client
If you have been trying to get cash out of your hard-earned equity in your Florida golf course, Shop Commercial Mortgage can help you without all the conventional bank hassles. We only look at the equity in your property and 24 months of bank statements to review cash flow. Fill out our information request and our investors will contact you and arrange an appointment to see your facility. Keep in mind that we can only provide loans to properties with clear titles and no liens or judgments. Contact Shop Commercial Mortgage today by phone or text at 813-368-9919.