This is a very specialist area and lenders are normally looking to lend no more then 75% of the freehold value of the course as a maximum. Any borrowing above this level would normally be secured against other assets. Experience in running this type of business is essential and any lender would want to make sure that the applicants fully understood this type of business and the time scales involved between building the site and when any initial revenue may come on stream.
Any application will always be dealt with on its merits but specialist knowledge of this subject is essential for any application to proceed and we would be looking for an in dept business plan and historical knowledge of this subject matter.
Clients should be aware that history tells us that is not until the 4th or 5th owner of the Club that it becomes profitable.
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Commercial Tool Suite
Ok we have been working very hard on our new commercial mortgage tools from the basic calculator to the advanced property price predictor tool. Our new property tool suite is finally finished and ready for you to download and trial, featuring a mortgage calculator, property price predictor, home paint pad, map getter and more.
Size: 11.3mb
OS: 98/ME/XP/NT/2000
Type: ZIP (Exe setup)
If you like our software and want to leave a comment then visit our commercial mortgage blog. We continue to develop new commercial mortgage tools.
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Site Updates: Thursday 7th Aug 2008
Featured in The-Mortgage-Hub ã 2006
Site Last Updated: Thursday 7th Aug 2008
Ó www.acommercialmortgage4you.co.uk - Specialists in commercial mortgages and commercial finance
Commercial Mortgages and Professional Mortgage Advice from Michael J Alexander Group
If you are looking to finance a golf course then you have come to the right place, we have lenders who can lend up to 75% of the free-hold value of this type of property.
