CLUBHOUSE CAPITAL

Clubhouse Capital
95 Bluff Avenue
Edgewood, RI 02905
Tel. (401) 780-6885
Fax (401) 780-6887

ADVISORY SERVICES

Acquisitions & Sales

Clubhouse Capital can help a real estate or golf course owner sell his/her asset quickly and quietly. We maintain extensive relations with active golf course and real estate buyers along the East Coast. For a client acquiring a golf course or investment real estate, Clubhouse Capital typically negotiates and structures the acquisition and completes all financial and property due diligence relating to the purchase. For a client selling a golf course or investment real estate, Clubhouse Capital can help the client achieve a maximum sale price without the risks that often result from advertising the property on the open market or listing it with a realtor. For both acquisitions and sales, we can also arrange the requisite financing to help ensure that the deal closes.

Condominium Conversions

The conversion of an existing apartment property into individual condominium units can help a property owner maximize profit from a sale. As the property owner’s agent, Clubhouse Capital will evaluate the conversion potential (including a review of zoning and related issues); complete a market analysis to help determine unit pricing; coordinate and direct the property owner’s attorneys and engineers so that statutory conversion requirements are met; complete the condominium association budgets; supervise the actual conversion process, including unit renovations and tenant notifications; secure FNMA and other government-related approvals required for competitive end-loan financing; and maintain a continuous liaison with the realtor to help facilitate unit sales and closings.

Development Plans

Clubhouse Capital has considerable experience with land development, mostly with securing entitlements necessary to transform raw land into its intended purpose. As the landowner’s agent, we work closely with project attorneys, engineers and architects, and often as the liaison between the developer and regulatory agencies. Our services can include: helping to locate suitable sites for development; acting as a project coordinator to secure project approvals; and exploring alternative land use plans on existing properties.

Lender Negotiations

Clubhouse Capital can negotiate with a mortgage holder to secure interest rate reductions, renewal terms, partial mortgage releases, and other amendments that may help a borrower achieve his/her goal without any new financing. We are known and respected throughout the industry for our success with lenders, and our experience often allows us to achieve what a borrower cannot achieve on his/her own.

Membership Programs

Membership sales are often the key to a golf project’s success, but the sale of memberships is not a simple matter. For private club owners and developers, issues of “equity vs. non-equity,” “bond vs. fee,” “refundable vs. non-refundable,” and other issues must be considered closely and carefully in light of market demand, projected economic conditions, and long term ownership and operating goals. For clients developing a private club or converting a daily fee club to private status, Clubhouse Capital will prepare the membership plan, by-laws and related documents, as well as the membership marketing materials. In addition, Clubhouse Capital can supervise all membership sales, including the creation and implementation of a coordinated marketing plan.

Workouts

Clubhouse Capital has substantial experience and proven success in negotiating with hostile mortgage holders. We know how to turn pending foreclosures into opportunities for the borrower, and can help troubled property owners save or re-capture substantial property and business equity. Of course, we can also arrange the new debt that is often required to successfully complete the negotiations.