Golf Course Financing and Lending

First National Golf Finance Programs Fit Every Stage of Golf Course Ownership

First National is one of the preeminent lenders to golf course owners, lending every aspect of golf finance from land and facility acquisition to construction, expansion and refinancing.

First National Knows the Business of Golf

We understand each golf course’s distinct debt requirements. Whether you already own a club in the Middle Atlantic states, are constructing a facility in the West, or are planning the expansion of a public course in the South East, First National can provide the type of golf financing necessary to help you realize your goals.
  • First National knows how to value golf course properties and facilities; helping you maximize your borrowing power.
  • First National views golf course operations as retail cash businesses, taking into account the revenue streams generated by all aspects of an operation.
  • First National knows the specific needs of golf course owners to consolidate loans and leases, and to stretch short term leases and financings into longer commercial mortgages.
  • First National lends to courses across the United States, including daily fee/public, semi-private and private courses, as well as to golf course management companies and developers.

Experts in Construction Finance

One of the benefits of working with a specialized lender such as First National is that we are experts in the business of golf and the construction of golf courses. We understand the potential revenue streams and particular debt requirements of a new golf course facility. First National provides funds for the construction of courses, as well as clubhouse and facilities enhancements.

Acquisition Loans with Greater Flexibility

Because First National understands the business of golf, we know how to value facilities realistically. We assess the real risks of a golf course, making loans based upon cash flow from operations as well as land value. Because we know the nuances of golf course operations and make our own loan commitment decisions, we can execute programs more quickly and with greater flexibility than traditional lenders or larger institutions.

Refinancing at Competitive Rates and Terms

First National refinancing programs have been effective for courses all over the country, enabling them to increase working capital to meet plans, make general improvements, replace equipment, or simply consolidate debt. We make loan decisions in-house, and close loans efficiently.

First National’s Capital Add Program Can Actually Improve a Golf Course Facility

Through First National’s CapitalAdd Program you can finance capital expenditures within the terms of a refinance or acquisition mortgage loan, allowing you to get started with your improvements immediately and on the road to increased revenue quickly. Funds for improvements such as a clubhouse expansion or renovation, the purchase of new maintenance equipment, an irrigation system overhaul, or upgrading locker rooms may now be financed at long term mortgage rates.

Membership Financing Through First National

We want to see golf course owners achieve their goals, and First National offers financing of initiation fees for private club memberships. These are structured as consumer loans through the club, with a repurchase agreement by the club originator.

First National Service Does Not Stop When a Loan Closes

We hold and service all our loans so you will always have direct contact with your lender. When questions arise regarding increased availability of funds for expansion, early debt retirement, or subsequent acquisitions, First National personnel will still be your contacts: to serve you and to help your business grow.

With over 25 years of experience if golf course financing, Jerry Sager and the team at First National are experienced and ready to help you, contact us today for more information.


Our Mission

Principal direct lender
with in depth knowledge
of special asset groups. 

Special advisory and
loan servicer to the
financial community.