The First National team knows the business of golf and the business of lending. With over twenty years of golf course specific underwriting experience, our specialists know all aspects of running a successful course operation, from food and beverage operations to turf grass, equipment, membership, and cart revenue. The team implements every stage of golf course financing, from course valuation through due diligence and to closing.

Appraisers
The First National team of independent appraisers knows how to value every aspect of golf course properties and facilities. Seven appraisers are scattered around the Continental U.S., and all are golf course specialists. All team members are MAI designated appraisers, and in addition, most are members of the Society of Golf Course Appraisers.

Underwriting Team
With backgrounds in commercial and real estate banking, the Fist National underwriting team pragmatically conducts due diligence reviews. Because the group knows the business of golf, their thorough analytics include a review of a facility’s currents business operation, but also take into account regional demographics and local market scenarios. In the years of underwriting in this asset class, the group has been responsible for a portfolio of loans that include daily fee, semi-private, private membership clubs, as well as residential golf communities and resort related golf course operations.

Attorneys
First National attorneys are experts in golf course financing and commercial properties.  Their experience in this asset class helps borrowers navigate through the process of loan application and funding. They are knowledgeable about the demands of running successful golf course operations, as well as state and municipal regulations and golf specific legalities which can affect a course owners borrowing potential.

Advisory Group
The First National advisory group has assisted several commercial banks in the evaluation of golf related loans, and has also served to augment banking in-house departments in evaluating golf course loan originations and workouts. As experts in this asset class, the team can deliver an independent, realistic assessment of golf property revenue streams from a banking viewpoint.