With its many retirement communities and a large influx of visitors and snowbirds, Florida has more golf courses than any other state. Shop Commercial Mortgage wants to help owners pull cash out of their investment in small, medium, or premier golf courses. We can treat your golf course investment like a land loan. Your golf course has buildings, a clubhouse, maintenance equipment, and employees needing to be paid which all require ongoing cash flow. Let SCM help you retrieve some of the accumulated equity in your course.
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 813-516-5210.
"I just closed a commercial loan in St. Petersburg. A 16 unit apartment complex for $100,000 at 11.5% interest. It was a free and clear equity driven low documentation refi with no appraisal so it closed fast!"
Mikle / Broker