Palm Springs Country Club (Palm Springs, California)
USA /
California /
Cathedral City /
Palm Springs, California /
North Whitewater Club Drive, 2500
World
/ USA
/ California
/ Cathedral City
World / United States / California
golf course, condominiums
The 18-hole course featured 6,396 yards of golf from the longest tees for a par of 72. The course rating was 68.9 and it had a slope rating of 115. Designed by Joe Kirkwood, the Palm Springs golf course opened in 1954.
The now-closed country club has fallen into such disrepair that the city of Palm Springs filed a lawsuit last year, naming individual Point Center investors as defendants, seeking immediate repairs to a property filled with weeds, polluted ponds and graffiti.
The suit cites a $19.3-million loan in 2006 to Burnett Development Corp., which planned to build 451 homes surrounding the golf course at the Palm Springs Country Club.
The loan was made near the peak of the real estate boom, but conditions soon changed. Burnett Development defaulted on the loan in 2007 and Point Center foreclosed, according to court records.
Point Center funded the original $3.9-million loan in 2005 and then allowed the developer to renew the loan in 2007 for $6.8 million without improving the property, using new investors' money to repay investors who chose not to renew, the lawsuit alleges.
Allegations center on a little-known and lightly regulated segment of the real estate industry known as "hard-money" lenders. These lenders often provide financing for high-risk projects that banks won't touch, such as speculative housing developments.
The now-closed country club has fallen into such disrepair that the city of Palm Springs filed a lawsuit last year, naming individual Point Center investors as defendants, seeking immediate repairs to a property filled with weeds, polluted ponds and graffiti.
The suit cites a $19.3-million loan in 2006 to Burnett Development Corp., which planned to build 451 homes surrounding the golf course at the Palm Springs Country Club.
The loan was made near the peak of the real estate boom, but conditions soon changed. Burnett Development defaulted on the loan in 2007 and Point Center foreclosed, according to court records.
Point Center funded the original $3.9-million loan in 2005 and then allowed the developer to renew the loan in 2007 for $6.8 million without improving the property, using new investors' money to repay investors who chose not to renew, the lawsuit alleges.
Allegations center on a little-known and lightly regulated segment of the real estate industry known as "hard-money" lenders. These lenders often provide financing for high-risk projects that banks won't touch, such as speculative housing developments.
Nearby cities:
Coordinates: 33°51'28"N 116°31'6"W
- Mission Hills Country Club 9 km
- Indian Wells Country Club 23 km
- Morongo Golf Club 51 km
- Journey at Pechanga Golf Course 71 km
- La Costa Golf Courses 108 km
- Pelican Hill Golf Course 128 km
- Bajamar 206 km
- Southern Highlands Golf Club 265 km
- Lake Las Vegas Resort 290 km
- Talking Rock Ranch 375 km
- Ruth Hardy Park 2.6 km
- Palm Springs International Airport (PSP/KPSP) 3.2 km
- Sunrise Park 3.5 km
- Panorama Park 5.3 km
- Demuth Park 5.8 km
- Deepwell 6 km
- Smoke Tree Ranch 7.1 km
- Araby 7.1 km
- Coachella Valley 27 km
- San Andreas Fault Zone (appr.) 35 km
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