The golf course business is filled with
hazards.  Knowing how to avoid them is
where we come in.

At Newman Golf, we have a proven record of providing investment capital
and asset management expertise to golf course businesses. We know
how to assess course 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 were 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.

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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 helped solve the issues with a tax-deferred transition for
the owner. In addition, we provided an ongoing equity position for the
management team.

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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 injected equity capital into the business,
restructured the debt with the lender, and ultimately purchased the golf
course.

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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 solved this issue by evaluating the golf course and
purchasing the defaulted debt position from the lender.
 

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