Georgia Golf Club Client Renews Loan for 2023
In January of this year, our client closed on the renewal of a previous loan they held with us. The original loan was a cash-out refinance on a golf course located in Bishop, Georgia that was secured in late 2021. The initial loan was used to purchase maintenance equipment as well as provide working capital. The renewal will continue to aide in the owner's focus of getting the recreational property in its best condition prior to securing a permanent financing solution.
The property is approximately 190 acres and includes a total building square footage of 6,665 sq. ft.
We are excited to renew their previous loan at a sum of $1,348,000.00.
