Golf Course Loans and Financing Options
Commercial real estate loans for golf courses include SBA 7(a) and SBA 504 loans, bridge loans, and other financing options. Non-SBA loans typically start at $1 million and offer up to 75% LTV/LTC.
Golf Course Loans
When it comes to relaxing on the weekend, there's simply nothing like going to your local golf course for a few rounds. But golf isn't just a hobby: It's also a big business. In 2021, golf courses in the U.S. generated upwards of $25 billion in revenue and employed more than 300,000 people, making them an essential part of the American economy. So, if you need property financing for your golf course, Commercial Real Estate.Loans is ready and waiting to help. We provide financing for:
Private, semiprivate, and public golf courses
Miniature golf courses
Golf Course Loan Terms
In general, our golf course loan terms include:
Loan Size: $1 million or higher
Loan Purpose: Loan can be used for property acquisition or refinancing, but cannot be used for business-only financing
Loan Term: 3, 5, 7 and 10-year fixed-rate terms
Amortization: 15, 20, 25 and 30-year options
Leverage: 55% to 75% LTV allowance
DSCR: 1.50 minimum DSCR
Credit Score Requirement: 660 minimum
SBA Loans for Golf Courses
While privately insured loans are often the most popular form of financing for golf course owners, some may find that SBA 7(a) or SBA 504 loans could be a better fit. Unlike privately insured loans, SBA loans allow golf course operators to buy equipment and fund working capital. As a result, these loans are a lot more versatile for business owners who need more than just property to jumpstart business growth.
While SBA financing offers many benefits, these loans can have stricter requirements in terms of borrower credit scores and the golf course’s overall financial situation. While the 7(a) and 504 loans have some important differences, we can generally consider for-profit public golf courses with a history of profitability for SBA loans for either.
Bridge Loans for Golf Courses
For golf courses that may not qualify for permanent financing, a bridge loan may be the ideal solution — especially for courses that are looking to undergo a speedy rehabilitation process. In some situations, this is done in order to add value to a golf course property before an intended sale. In other cases, it's more of a stopgap while transitioning to permanent financing. Our bridge loans typically offer terms including:
Loan Size: $1 million+
Term: 12 to 24 months.
Leverage: Up to 75% LTC
Recourse: Nonrecourse options available
Rates From 4.75%
Prepayment: Usually none
Fees: From 2% of the loan amount
Get a Free Golf Course Property Loan Quote Today
For golf course property loans from just $1 million and up, click the button below and fill out our short, secure form for a fast, easy, and free commercial loan quote from a commercial mortgage banker.