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Wrong Rick Nekoroski?

Rick Nekoroski


Accord Golf Capital LLC

Direct Phone: (978) ***-****       

Accord Golf Capital LLC

Background Information

Employment History

Vice President
Capmark Financial Group Inc.

Vice President - Golf and Hotel Finance Group
Capmark Financial Group Inc.

Senior Vice President - Senior Asset Manager
Capmark Bank

Vice President

Golf Division Vice President

Web References (11 Total References)

Hospitality Industry Division - Staff Contact

www.gmaccm.com [cached]

Rick NekoroskiVice President978-304-1164Rick_Nekoroski@GMACCM.com

Golf Course News: Course Management

www.golfcoursenews.com [cached]

"We think it [GE purchase] could be a boon," said Heller golf division vice president Rick Nekoroski, who oversees Eastern operations for Chicago-based Heller's Golf Lending Group."GE is a huge company."

Earlier this year, General Electric Co.'s $370-billion financial division, GE Capital, made a tender offer to purchase all shares of Heller stock for $53.75 per share.
Heller Financial first considered entering the golf lending market when Bank of America announced it would stop writing golf loans in October 2000, Nekoroski said.Heller launched its golf division and immediately became a major player when it agreed to purchase $185 million of Bank of America golf loans earlier this year.That deal officially closed in September.
Heller has completed five individual deals since Nekoroski and John Seeburger, who oversees the group's Western operations, left Bank of America to join Heller.
"We've been very selective to date," Nekoroski said."But Heller is very committed to the golf business."
According to Nekoroski, golf course construction and overall operating revenues have slowed from the record levels of the past few years.The industry had a late spring, but a fairly healthy summer and fall.
Some golf markets have too many courses, Nekoroski conceded."But we look at deals one property at a time and evaluate it for what it is.Some properties feel an impact from an oversupplied market.Others have good operators who can compensate for market pressures and maintain their numbers.At the right debt level, there's a deal to be made at any course."
Golf course values have decreased recently, leading to a few more sales, Nekoroski said."Values have dropped 15 percent [in the past year] but need to drop another 10 percent before significantly more activity takes place."

Golf Inc. - Educational Workshops - View by Track

www.crittendengolfinc.com [cached]

Rick Nekoroski, Vice President, Golf & Hotel Finance Group, Capmark Inc.

New England Golf Course Owners Association View Library Document: Corporate Member Directory

www.negcoa.org [cached]

Rick Nekoroski, Vice President Golf and Hotel Finance Group7 Old Haswell Park Road, Middleton, MA 01949978-304-1164, rick.nekoroski@capmark.com

Golf Inc. - Golf Inc. Conference - Speakers List

golfinc.tectonicconcepts.net [cached]

Rick Nekoroski, Capmark Finance Inc.

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