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

Service Provided

    Douglas Wilson Companies was founded in 1989 to provide a wide range of specialized business, workout, and real estate services to law firms, state and federal courts, corporations, partnerships, pension funds, REITs, financial institutions, and property owners throughout the United States.

    ADDRESS

    1620 Fifth Avenue
    Suite 400
    San Diego, California 92101

    PHONE

    (619) 641-1141

    EMAIL

    info@douglaswilson.com