Commercial loan golfcourses

Golf Courses and Commercial Loans

When do golf courses need a commercial loan? More appropriately, during which specific circumstances will those who own or develop golf courses need to look into applying for a commercial loan and what should they be looking for when they do?

The first part of that question is relatively easy to answer. A business that owns, operates, designs or builds golf courses will need to look at a commercial loan when:

• The time comes to remodel the clubhouse or to build a new clubhouse and pro shop;


• There is considerable work that needs to be done on the course itself, for example, when a nine hole course is being converted to an 18 hole course, or when a nine hole short course is going to be added to the championship par course so that more players well feel good about playing a round;


• The ideal acreage becomes available for building a course that has been designed but not yet implemented; or,


• The time is simply right for major renovations to the course.

Each of these cases that leads to looking into a commercial loan for golf courses has it's own challenges. In some cases, the challenges may be with zoning and ensuring that the course will be able to be build. In other cases, there will need to be additional approvals made prior to the time when work will be able to begin. However, ultimately, those challenges are often easier to overcome than those faced on the financial side of things.

Many whose work involves securing commercial loans for golf courses, find that the biggest challenges come from getting approved for loans. Many discover that when they approach their banks, the formal plans that they have for golf courses are not clear enough for the loan officers; others find that there are so many questions that they need to answer that, by the time their commercial loan is approved, the land that is so ideal for the project is no longer on the market.

In other words, in order to secure a commercial loan for golf courses, it is important to recognize that there may be lenders out there who would be a better option for getting the funding that you need for your business. It is possible to find a commercial loan for golf courses that is provided by a commercial lender who specializes in providing hard money and bridge financing for those who are in a situation like yours: one in which the ideal land or opportunity may not be available for long.

When you work with these lenders to secure a commercial loan for golf courses, you'll find that you're able to access the money that you need while you need it - that the lender will be willing and able to act quickly. As a result, you will find that it is far easier to make upgrades to existing golf courses and to lay the groundwork for the course of your dreams when you know that you're able to find the right commercial loans.

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