ATLANTA/ JANUARY 07, 2019 (STL.News)
Leisure Financial Group (“LFG”) is pleased to announce the closing of a $6,250,000 acquisition loan for Oregon Golf Club in West Linn, Oregon (Portland MSA). Ray Munoz, Chief Executive Officer of LFG (rmunoz(at)leisurefinancialgroup.com) led the effort to structure and arrange an attractive first mortgage to acquire the upscale private country club.
According to Munoz, “Working with the client, LFG was able to quickly structure and arrange a first mortgage loan prior to year-end 2018 as American Golf moved to sell its owned golf course inventory.” Munoz further stated, “LFG’s experience in the golf and resort industry helped to bring several attractive debt options to the client to assist in the acquisition and position the property for long-term success.”
LFG is an experienced brokerage firm that structures, arranges, and services, loans in the real estate industry specializing in traditional assets in commercial real estate as well as specialty assets such as Hotels, Resorts, Golf Facilities, and Marinas.