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.
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.
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.
The note was sold and the lender foreclosed on the
property during receivership.
United States District Court, Central District of Illinois
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.
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