Cash Out Refinance Closed for Golf Course in Mississippi

We love assisting our clients with a wide variety of commercial investment loans and this deal was no exception! On March 27, 2023, our client closed on the cash-out refinance of a golf course and club located in Gautier, Mississippi. The proceeds for this particular loan product will be used to pay off current debt on the property. The loan will also provide working capital for our client - allowing them to renovate existing amenities to the course and club as well as add new amenities that their recreation patrons can enjoy while on and off the greens. 

The total loan amount was $1,485,000.00 and had a LTV of 28%. Our LTV max is 65% so this deal fell well below that maximum for our requirements.

The property sits on approximately 194 acres. 

by Leah Waldrop

Find Out What Happens When a Bank Maxes Out Their Lending on Ep. 4 of Deal Talk!

We loved getting to film Episode 4 of Deal Talk at our booth during the 2022 National Alliance of Commercial Loan Brokers Conference last month! Terry Luker and business partner, Ken Collins, chatted about one of their very first deals after starting Alternative Capital Solutions.
Check out Episode 4, "The Bank Has Maxed Out Their Lending" today!
Watch / Listen on Spotify HERE. 
Watch on YouTube HERE.

by Leah Waldrop

Deal Talk Episode 3 is Now Live!

Episode 3 of Terry Luker's Deal Talk | For Commercial Brokers & Lenders podcast series is now live! Learn about what happens when a client needs refinancing but the bank wants to sever their relationship. Terry takes a deep dive into the solutions and so much more!
Listen on YouTube by clicking HERE.
Listen on Spotify by clicking HERE.

by Leah Waldrop