golfmak 2010

 

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kahn 12 2010

ABOUT MIKE KAHN

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My Email: mike@golfmak.com

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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?

golf ball

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!

Golf Business Experience. Mike Kahn's 50-Years.

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!

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.

 

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