At Newman Golf, we have a proven record of providing asset management expertise to golf course businesses. We know how to assess your needs quickly. Then deliver immediate solutions for repositioning and moving forward.
Here’s a sample of some of the “good outs” we’ve developed for golf courses that are faced with a variety of hazardous situations:
A real estate developer built a high-quality course surrounded by residential lots. Sales were slower than expected. They needed capital to fund operating losses.
Newman Golf assisted in the subdivision of the golf course from the land development, then purchased the golf course.
A golf course owner had hoped for retirement and liquidity, but he had no succession plan, and tax issues. He had also promised the management team an equity position. In addition, the management team lacked the resources and expertise to implement the transaction. What’s the way out?
Newman Golf can help solve the issues with a tax-deferred transaction for the owner. In addition, we can provide an equity position for his management team.
The first mortgage on a golf course was being placed in default by the course’s financial institution. The course owner had personally guaranteed the debt and was now facing a bankruptcy filing. What can be done?
In this case, Newman Golf can inject equity capital into the business, restructure the debt with the lender, and ultimately purchase the golf course.
A golf course lender had placed its first mortgage loan on a golf course in default and was facing a long and expensive foreclosure period. The lender’s board of directors was interested in an early payoff so it could reinvest the proceeds in a performing loan
Newman Golf can solve this issue by evaluating the golf course and purchasing the defaulted debt position from the lender.
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