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FLORIDA GOLF COURSES

First Fidelity arranged for senior secured refinancing of a pool of nine Florida golf courses.  The loan was in the amount of $27,930,000.  The Borrower has been specializing for over 30 years in the acquisition, ownership and/or management of public and private golf courses throughout the U.S.   Of the nine courses, seven are located on the West Coast and two on the East Coast; two are private, three are semi-private (public access) and four are public facilities.  Six of the courses were designed or renovated by "name architects", including Tom Fazio, Arnold Palmer, Gary Player, Gary Koch, Joe Lee, and Ron Garl.

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FLORIDA GOLF COURSES