New golf financier on horizon

M.J. Mastalir and Real Estate Capital Corporation has put together a group of investors who are interested in getting back into the debt market for golf properties. They are creating a participating loan fund for deals in the $2 to $10 million range. Another group of Mastalir-led high-net worth investors is looking at equity involvement in either rescue capital or pure acquisition capital, including 100 percent acquisitions. Basically, Mastalir and his groups are looking at all deals to see what makes sense. All of these investors have some form of golf experience.

Copyright © 2010 Crittenden Research, Inc. Quotation not permitted. Material may not be reproduced in whole or in part in any form whatsoever. Crittenden Golf Business & Real Estate™ is protected by copyright. It is illegal under federal law to make and distribute copies of this story in any form without permission, including without limitation, photocopies, faxes, e-mails, digital scans and postings on an internet or intranet site. Violators risk criminal penalties and up to $100,000 in damages per offense.

Please call (800) 421-3483 for information regarding subscriptions, site licenses, to request reprints of articles or to inquire about permission to make copies.