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Play the Game
ABOUT
MIKE KAHN
See Me on Skype

Links
to Articles
My
Email: mike@golfmak.com
Join
2,000 People who love golf at my Golfmak Yahoo Group!
Fixer-Uppers
Could be Good Now
The
Growing Private Club Dilemma!
MARKETING:
Cheap prices as a means to compete is not always the answer
2008-9:
Is this the Best Time Ever to Buy a Golf Course?

It was the Ball! What I think you should know.
What
Not to Do as a First-Time Golf Course Buyer
The
Future of the Golf Business as I see it.
Golf
Course Buyer's Guide
Financing
a golf course
Finance
to Buy, or Refinance a Golf
Course.
Start the Process Here
You'll
think I'm NUTS saying we need 1,000 more golf courses - until you read
this
A
Golf Course Buyers Formula
Getting
a Golf Course Loan.
Avoid
Mistakes that Scare Lenders Away!
Marketing
a Golf Course: Simple Rules
Golf
Business Consultation. Your first one is Free.
Golf
Business Consulting. What Will it Cost?
The
Truth About the Golf Business Today.
The
Golf Course Superintendent? Do You Need One?
Golf
Course Feasibility. Have You Updated Yours?
Buying
Default Golf Courses Can be Lucrative for Tax Purposes
Golf
Participation Statistics
A
Golf Expert's Advice to Bankers
Golf
Investors FAQ Sheet
Golf
Course Financing. Where to look.
New
Golf Courses. Your Players!
Golf
Course Analysis
How
to Create a French Drain
Golf
Business FAQ Sheet
Golf
Participation Statistic
Do
you need a Superintendent?
Golf
Operators. Watch Your DSR
How
Banks Run Golf Courses. Have a look...
Tough
Times for the Golf Business?
Golf
Course Operator's Axioms
Golf's
REITS and Trusts Distorting Factors
The
Financial Downfall of Many Golf Courses -The "Big-Foot" Clubhouse?
The
truth about the golf business.
Planning
a Career in Golf?
Enjoy
this editorial. "It was the Golf Ball!"
Kahn's
Golf Biz Axioms
About
Your Free Golf Business Consultation
Great
Golf Web Site!
Members.
Keep them Happy and Spending
Message
to Bankers
Golf
Course Management Companies: An Opinion
Best
information: The National Golf Foundation
About
a Golf Course Analysis
GOLFMAK,
INC.
Email:
mike@golfmak.com
Phone:
941.739.3990
Fax:
425.675.6909
BRADENTON,
FL |
Michael A Kahn, Golf Business Consultant. From Grass to Finance. Over 50-Years at Your Service. Email: mike@golfmak.com
LET'S START GROWING THE GAME AGAIN - Like we did 50-years ago!
- Banker Trouble? Read this. Then call me. I might be able to help.
- Affordable interim golf course management - fast, temporary until you find a replacement
- Manage any golf facility - public, private, resort, muni, executive, retail store
- Who is Mike Kahn. Link to my 50-year history in golf
- Get your golf course back on track. A fast, efficient, professional 'eye-opening' analysis
- The Golf Course Buyer's Guide... Now a Bible for thousands of future aspiring golf course owners
- Golf courses for sale - all around the USA - Private, Semi-Private, Daily Fee, Executive
- JV Financing. I've participated in over $50 million in successful golf course financings
- New 'imaginative' finance strategies. Some work like a charm! Call me: 941-739-3990
- EZ-Zack - the GULF OIL CLEANUP TOOL A simple plastic hoop! You've got to see it.
| FINANCE SOURCE OFFERS UP TO 96% OF REQUIRED DEVELOPMENT FUNDS |
(Disclaimer: Information below came to me from another source. Diligence is recommended.)
TO PROCEED YOU WILL BE REQUIRED TO COMPLETE A NON-DISCLOSURE AND FEE AGREEMENT. FEE, 2% OF TOTAL FUNDING IS PAYABLE TO THIS SOURCE BUT WILL BE TIED ONLY TO SUCCESS. HOWEVER, OTHER UW FEES MAY APPLY.
This Program offers 5-year interest only financing currently fixed at 6.75%. Non-Recourse and no early pre-pay penalty after year two.\
A virtue of the Program is that is can be applied for both qualifying real estate based fundings as well as for financing qualifying "business only" scenarios that do NOT have an underplaying "hard" RE collateral.
Minimum funding is $10-million and the upper limit is $200-million. Client's CASH participation, if approved, is to bring 4% of total funding request to the "party", in addition to a $200K Loan
Commitment Fee upon acceptance of Terms/Conditions/Funding Commitment.
Funding timeframe from date client accepts T&Cs and engages averages 28-days IF the client has all of their "ducks in a row" and responds in a timely manner to all lender information and docs requests.
Our role is preliminary Intake Review to insure that the client AND the project are likely to meet the investment group's acceptance guidelines.
The following six items are required for the Intake Review process:
1: Concise Executive Summary describing project, location, bio on the borrowing entity and on the Principal(s) and an advised Exit Strategy. NOT
MORE THAN 6-PAGES! We do NOT want a multi-page Business Plan at this early stage.
2: A completed Commercial Funding Application which must be signed by the client applicant. (Attached)
3: A 5-year Pro Forma
4: Use of Funds summary (how will be the borrowed funds be allocated)
5: Current financial statements for the client and the business/corporate entity which will be the borrower.
6: PROOF OF FUNDS in the form of a current bank statement for the Principal and/or the borrowing entity which shows cash available to meet/exceed the 4% of funding request + $200K commitment fee requirement. Bank Statement account number(s) can be redacted.
If the preliminary information suggests conformity with the Program guidelines, a conference call will be established with the Program Director who is also the contracted UW for the Investment Group.
This will enable both parties to become mutually informed and, hopefully comfortable with moving the transaction forward.
Assuming "all is well", a Terms/Conditions packet will be issued to the client along with a Funding Commitment. Client has two business days to review and accept within which period they can do their due diligence.
Client's signed acceptance corresponds with their wiring their Commitment to Fee to the Underwriting Group and their opening of the escrow account into which they will be transferring their 4% of funding request at the appropriate time.
From date of client's acceptance of T&C to funded closing an average 28-business day timeframe can be anticipated.
This Program is also available to certain categories of project located outside of the USA and these opportunities are evaluated on a case-by-case basis.
Please state you agree to acknowledge the NDA-Fee Agreement in an email to: mike@golfmak.com. I will see you have it promptly.
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EXPERIENCE
(going back to 1956)
I
have successfully managed: Private, Semi-Private, Public, Par-3, Executive
Courses, and Lighted Practice Ranges.
Former
Licensed Superintendent for Weedicides, Herbicides, Aquatic Weedicides,
and Acquatic Herbicides
Finance
Consultant: Placed over $100 million in golf course financing.
Former
PGA Assistant Pro includiing the art of old-time backshop club repair
(old fashioned methods),
Teaching
professional Private and Group teaching for over 30-years
Former
Golf Course Owner
Off-course
retail store chain owner
Golf
Course Broker - Over $100 millin in golf courses sold
Web
site planning and publishing
Golf
Course Turnaround Specialist
Clubhouse
Design and Planning Consultant
Golf
Course Buyer's Diligence Specialist
Golf
Business Consultant
REVIEWED
HUNDREDS OF GOLF COURSES
Ontario
Montana
Conecticutt
New
York
Michigan
Ohio
Illinois
North
Carolina
South
Carolina
Georgia
Florida
Alabama
Louisiana
Texas
Caloifornia
Colorado
Kentucky
Tennessee
Minnesota
Isle
of Wight (UK)
A
PIONEER
Solid
Range Balls
Tri-Plex
Greens Mowers
Hydraulic
Drive Reels
Cavity
Back Golf Clubs
Private
Brand Golf Clubs
Internet
Tee Times Sales
Flymo (floating rotary mower)
Graphite
Shafts
Indoor
Golf Schools
Female
Greens Employees
Non-Chemical
Release Golf Course Fertilizers
Floodlit
Night Golf
Video
Tape Golf Teaching
Tee-Time
Re-Selling
Golf
Course Web Sites
100%
Wall-to-wall bentgrass fairways
Using
3-wheel Motor Bikes as Work and Personnel Carriers (now trap rake vehicles)
Copywriting
and Marketing Golf Courses on Radio, TV, Newspaper, and Billboards
Financial
Statements for a Golf Course on Computer (Lotus 123)
Point-of-Sale
Systems for Golf Courses
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