Experience

Represented KSL Capital Partners in $1.8 billion Commercial Mortgage-Backed Securities (CMBS)/mezz financing in connection with an acquisition by a KSL-sponsored acquisition of ClubCorp Inc., who owns or operates approximately 100 golf courses, 60 business clubs as well as the Barton Creek and Homestead Resorts.

The transaction involved the restructuring of the ownership of approximately 170 golf courses, business clubs and two resorts. The mortgage financing is secured by mortgages on 61 of the company's golf courses as well as its two resorts and the mezzanine financing is secured by a pledge of equity in connection with a large number of business clubs and golf courses.