Jmbrealty Services, Inc. completed a $6,000,000 loan commitment to refinance an existing golf course.

The proceeds were used to add on an additional nine holes, to buyout an existing partner and for future working capital.

The processing of this loan was extremely complex due to the buyout of the existing partner, the projected results of the existing course and the projected income and expense of the additional nine holes.

Jmbrealty Services, Inc. utilized its prior experience and extensive market data to prepare consolidated historical and projected financial data fully coordinated and supported with the appraisal and lending firm to meet the loan underwriting requirements.

In addition, an additional line of credit was established with the same lender based on future financial results of both courses.

If you have a complex real estate financing requirement call us -- we have the experience, reputation and proven track record to get the job done!