Southern Realty Trust Originates $160.0 Million Senior Credit Facility for Luxury Golf Community in Palm Beach County
Summary
At the heart of this community is an 18-hole championship golf course designed by Jack Nicklaus and Justin Thomas, complemented by a par-3 course and practice areas completed in November 2023.Panther National offers an array of resort-style amenities. The communitys current real estate sales have surpassed $300 million, reflecting its appeal and attractive lifestyle.The capital provided by SRT will be utilized for Phase II of the development, which includes the construction of: Tour Golf Performance Center with fully air-conditioned hitting bays equipped with shot tracing technology and putting studio.We are excited to support Centaur as they continue to build a premier living and lifestyle destination in our home state of Florida, said Brian Sedrish, CEO of SRT. We believe that Panther National is poised to become a landmark luxury golf community in Palm Beach County, meeting the high demand for premium residential living. SRT intends to create a diversified investment portfolio, targeting first mortgages, B-notes, mezzanine loans and debt-like preferred securities across CRE asset classes. Developed by founder and president Dominik Senn, Panther National combines 218 custom, modern estates designed by world-renowned architect Max Strang with a Jack Nicklaus and Justin Thomas signature championship golf course and premium community amenities and social facilities.