Northmarq’s Dallas office arranges financing increase of Escalante Golf Portfolio in Richmond, Humble, and Cypress, Texas
DALLAS, TEXAS (October 10, 2022) – Ronald Reese, senior vice president/managing director and Phillip Askew, senior vice president/managing director of Northmarq’s Dallas debt/equity team, completed financing modifications for Escalante Golf Portfolio, which includes three clubs – Shadow Hawk & Black Hawk Golf Clubs, Golf Club of Houston, and BlackHorse Golf Club.
Northmarq arranged the permanent, fixed-rate loan increases for Escalante Golf Inc. through StanCorp Mortgage Investors, LLC, an Oregon based insurance company. The modification was structured with an 11-year term on a 30-year amortization schedule.
Shadow Hawk Golf Club is located on 457-acres at 4100 Shadow Hawk Drive, Richmond, Texas. The 108-hole club was founded in 1999 and bestows all member access to Black Hawk Country Club, Golf Club of Houston, and BlackHorse Golf Club. Shadow Hawk Golf Club’s opening shot was hit by George H. W. Bush, 41st President of the United States – and is memorialized with a plaque on hole one.
Shadow Hawk Golf Club offers its members two resort style pools, state-of-the-art fitness center, full-service spa, tennis courts, childcare center, and caddy program.
Golf Club of Houston is located on 837-acres at 5860 Wilson Road, Humble, Texas. The 18-hole member exclusive golf club opened in 2003 and hosts public tournaments, weddings, and special events.
BlackHorse Golf Club is located on 387-acres at 12205 Fry Road, Cypress, Texas. The club was founded in 2000 and features two 18-hole courses, a public restaurant with a patio, and golf lesson opportunities.
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