Leisure Financial Group is a full service
specialty finance company with expertise in the golf course,
resort,hotel, and marina finance industries. Since 1990, our management
team has successfully originated more than $5B in golf, hotel,and
marina loans throughout North America and the Caribbean. Our reputation
is built on understanding the day-to-day operations of golf,
resort,hotel, and marina owners, providing them with products to meet
their needs, and supporting them with unparalleled customer service.
During the last 20 years, our leadership team has financed hundreds
of golf, resort,hotel, and marina properties. The ownership of these
properties ranged from large multi-facility operators to individually
owned single operators.
With access to multiple sources of capital and expertise in
originating, underwriting, and servicing we are here to navigate you
through the course.
provide first mortgages for golf courses, resorts,marinas, and hotels.
Terms vary from 5 to 15 years based off U.S. Treasuries and LIBOR with
various amortization options available. Our lending programs begin at
$3M and are sized based on recent operating cash flow.
Golf Course Finance, Resort Finance, and Marina Finance Lending Program:
Eligible Locations: MSAs within the U.S. and its territories exhibiting stable or improving economic fundamentals.
Property Types: Stabilized Golf Courses including daily-fee,
semi-private, private, and resort facilities. Salt-Water / Fresh-Water
Marinas located in the United States.
Loan Amount: Minimum $3M
Loan Term: 5 -15 year terms (Up to 25 years for qualified SBA loans)
Amortization: 15 -30 year terms
Interest Rates: Fixed and Floating (Competitive rates based on risk profile and loan size).
Adjusted Operating Income: Recent (Trailing 12 Months) Operating Cash Flow less standard Management Fees, Cap Ex, and Lease Expense adjustments.
Loan to Value: Up to 70% of Appraised Value.
Origination Fee: Varies depending on loan size and credit profile.
Reserves: Standard Tax, Insurance and Capital Reserves required during loan term.
Sponsor/Borrower: Creditworthy individual(s) or entity acceptable to Lender with sufficient liquidity and net worth.
Borrowing Entity: Single asset or special purpose entity required depending on loan size.