Located in Sherrard, Illinois, approximately 12 miles from the Quad Cities (Davenport, Bettendorf, Rock Island and Moline), Fyre Lake National Golf is an 18 hole, par 70 Nicklaus Design golf course that is situated on roughly 148 acres. The property also features a temporary clubhouse building and a permanent turf center building designed to store and maintain the golf course’s maintenance equipment.
Project Description
Acting as agent for the Receiver, Douglas Wilson Companies (DWC) was appointed to take possession and control of all real and personal property of the Fyre Lake National Golf Course.
Scope of Work
DWC’s primary responsibilities included overseeing all golf course maintenance, coordinating estimates for golf course winterization, preparing draw requests, investigating an environmental issue related to subsidence on the property, and handling the books and records for the property. In addition, DWC facilitated transition and due diligence to a note buyer prior to the conclusion of receivership.
Project Resolution
The note was sold and the lender foreclosed on the
property during receivership.
Project Name
Fyre Lake
Client
United States District Court, Central District of Illinois
Location
Sherrard, IL
