A lender is foreclosing on Jennings Mill Country Club in Bogart, Ga., after the private club couldn’t keep up with its debts. Jennings Mill, host of a PGA Nationwide Tour stop, recently defaulted on $5.8 million in loans from a private equity fund managed by Pennsylvania-based Titan Capital Investment Group. Titan this week published plans to foreclose on more than 150 acres of country club property and take over the club’s assets.
Officials expect the club to officially transfer ownership sometime in January.
When Titan assumes ownership, it plans to continue to operate Jennings Mill as a private, full-service golf course, said Scott Budinsky, managing director of the lender, Titan Loan Investment Fund, in an article in the Athens Banner-Herald.
The company will hire Billy Casper Golf, based in Vienna, Va., to manage the course, Budinsky added.
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