Bonita Bay – Golf & Country Club

Naples, Florida

$3,000,000, Real Estate Collateralized Loan

Collateral Description: 640 acre planned development of 425 high-end, single-family homes and 18-hole championship golf course in Naples Florida, with a strong corporate guaranty by the Borrower.

Borrower Description: Borrower/Operator, a large Naples-based single-family developer, was the buyer of the Twin Eagles community, a previous Cypress DIP loan.

Loan-to-Value: 17% LTV on current 90-day “quick sale.”  Property appraised a for $17,300,000.

Status: The loan is presently current.