Golf course and community will continue to operate as usual, without interruptions or major changes.
SilverLeaf Financial announced that Loan Tree Investments LLC has chosen to exercise their option to give the Pine Canyon Club, Flagstaff, Ariz., project to SilverLeaf. The Utah-based private equity firm is making preparations to fulfill their obligations of the agreement.
Shane Baldwin, a principal of SilverLeaf, said: “We are enthusiastic about this opportunity and want to assure the residents, members and staff of Pine Canyon that they will continue to see and experience the same standards of excellence Pine Canyon has always experienced. Pine Canyon is a unique place and we are committed to preserving and improving its facilities and amenities for families, golfers and private residents for many years to come.”
Baldwin expressed his assurance that the Jay Morrish-designed golf course and community will continue to operate as usual and without interruptions or major changes, reports World Property Channel.
Baldwin said that moving forward he is excited to get to know the staff and participating in many of the activities the community has to offer. The effective date of the agreement is November 7, 2011. However SilverLeaf anticipates closing on or before Aug 30th.
Headquartered in Salt Lake City, Utah, SilverLeaf Financial focuses on acquiring non-performing commercial loans secured by first position trust deeds. These assets are acquired from the FDIC, banks, special servicers and other financial institutions for the purpose of future monetization.
Tell Us What You Think!
You must be logged in to post a comment.