Lender takes possession of four Silverstein courses in North Carolina

Continuing a process it initiated last year, a Canadian lender has taken possession of four Charlotte-area golf properties that had been part of Jeff Silverstein’s financially distressed Carolina Trail. Toronto-based Romspen Investment Corporation now owns Tradition Golf Club in Charlotte, the Divide Golf Club in Mathews, Birkdale Golf Club in Huntersville and Highland Creek Golf Club in Charlotte. The company has vowed to restore all four courses to what it described as their “rightful place” among the area’s top daily-fee venues. But it ticked off some of its customers by announcing that it won’t honor any memberships that the Carolina Trail previously sold, The Charlotte Observer reported.

Romspen also extended loans to one other course in the Carolina Trail, Waterford Golf Club in Rock Hill, South Carolina. It’s reportedly in the process of buying Waterford out of foreclosure.

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