Golf courses

The loan programs described in this website do not constitute any form of offer to make a loan or to make a loan on any particular terms. If you are interested, you must make a formal written loan application and provide all required documentation. All information submitted by loan applicants is subject to verification. All loan applicants must qualify under our underwriting requirements and satisfy all contingencies of loan approval. Loan approval will be subject to satisfactory appraisal, title review and no change in financial condition. Some loan types may not available in all jurisdictions. The loan programs on this website are subject to change without notice. Our loan programs are for commercial business purpose only.

Acquisition & Refinance	Member Owned Clubs
Transaction Size	Portfolios of $10 million to >$125 million Single assets: $5 million to $40 million	$5 million to $25 million
Asset Types	Daily Fee Semi-Private Non-equity Private	501(c)7 owned 10 + years old
Structure	3- to 7-year terms 25-year amortization, interest-only first two years Maximum of 85% loan-to-value 2-year lockout Non-recourse	Up to 10-year terms 20-year amortization Interest-only during renovation period Maximum of 70% loan-to-value 5-year lockout Non-recourse
Interest Rates and Costs	Fixed or floating at competitive spreads over corresponding indices Generally, 1/2% origination fee and 1/2% exit fee	Fixed or floating at competitive spreads over corresponding indices Generally, 1/2% origination fee and 1/2% exit fee
Other Features	Earn outs Flexible prepayment Ground leases and operating leases (longer term preferred) US and Canada	Flexible prepayment US and Canada
Non-Qualifying	Construction loans Residential/golf developments “Alternative” golf facilities (i.e., golf driving ranges, par 3’s)	New clubs

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Our phone number is 1-800-879-0284

Our Email address is Originator@MegaLoanFunding.com

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