Pacific City Bank Provides $19.2M Loan For PGA West Package Deal In La Quinta

Century Golf Partners, the landlord of the PGA West complex and Citrus Club in La Quinta, California, secured a loan of $19,200,000 from Pacific City Bank. The loan term is set at 5 years with a fixed interest rate of 4.50% and Stepdown Prepay option. The package deal includes nine courses in the PGA West complex, including the renowned Stadium Course designed by Pete Dye. Other courses at PGA West were designed by Arnold Palmer, Jack Nicklaus, Tom Weiskopf, Greg Norman, and Dye himself. The Citrus Club, located in La Quinta, is also part of the package. Marc Cesarec of Cesarec Group served as the broker for this transaction.

Summary of transaction details

• Property Type: Package Deal
• Transaction Amount: $19,200,000
• Loan Terms: 5-Year Fixed at 4.50% with Stepdown Prepay
• Lender: Pacific City Bank
• Landlord: Century Golf Partners
• Broker: Marc Cesarec - Cesarec Group

For nationwide financing of all property types, interested parties can contact Marc Cesarec at (323) 493-8600.