Pronghorn Sells!

www.bestbendhomes.com

Pronghorn Lender Sells Loans

The real estate landscape in Central Oregon continues to evolve as The Bend Bulletin reported that Societe Generale, the holder of $43 M in loans at Pronghorn has sold the note to a “master developer.”

Email to Pronghorn Members

An email to members at Pronghorn, sent out by general manager, Spencer Schaub, failed to identify the buyer; but, stated, in part, “We are excited to confirm that a well-established group which has extensive experience with luxury resorts and residential golf communities has been selected . . .”

A spokesperson from Cascade Sotheby’s International Realty in Bend, corroborated the info, and further identified the company as The Resort Group, headed by Jeff Stone, and headquartered in Honolulu. They have holdings/projects in the Bahamas, California (Newport Beach), and Hawaii.

$43 Million in Loans

Deschutes County records show that the beneficiary for the two loans is a Paris-based international bank. Reports indicate that the loans have been for sale for two years. They cover more than 90 homesites, the two golf courses–one designed by Tom Fazio,

the other by Jack Nicklaus–as well as the beautiful 55,000 square foot clubhouse.

There is no indication as to how much the new owners will pay for the loans. Do we have estimates? I’m going out on a limb and submitting my guess . . . $15M.

No Impact To Pronghorn Members

Pronghorn Club members feel that there will be no real noticeable impact with the change in note holder.

Search for property at Pronghorn

Stay tuned for more info on Pronghorn.

Like us on our Facebook business page.

This Italian inspired home in Pronghorn was originally listed at $2,695,000 in May 2008. It features a gourmet kitchen with Amarillo Pearl granite, off-white cabinetry, bronze fixtures, travertine tile, wine storage and an adjacent formal dining room. The great room has exposed beams, a gas fireplace with adjacent built-ins, and beautiful chandeliers. The spacious outdoor living area has a large courtyard and a fireplace. The Separate Casita will make your guests feel right at home. The 1 acre lot alone sold for $540,000 in 2006. Now this 4 bedroom, 4.5 bath, 4664 sq. ft. home is available for $844,000. It is a short sale.

Pronghorn was recently recognized as America's finest golf community by Travel + Leisure Golf in the annual "America's Top 100 Golf Communities" issue. Sunriver Resort was also included in the list of America's Top 100 Golf Communities. Sunriver and Pronghorn were the only 2 courses in Oregon to make the list.

Editors at Travel + Leisure Golf reviewed and ranked golf communities across America based on six criteria including: golf amenity; residential architecture and style; location, including natural setting and proximity to cultural activities; management, service and programming options; nongolf amenities, such as a full service spa, equestrian center or marina; and environmental stewardship.

The complete list can be viewed here: http://www.travelandleisure.com/tlgolf/

Pronghorn Golf Course

In a recently article in Travel Leisure Golf, Central Oregon's Pronghorn Golf Course was ranked #8 inTravel Leisure Golf's "Top 100 Golf Communities". The article ranks golf courses based on Amenities, Real Estate, and the golf course itself. Pronghorn was also noticed for it's beautiful views of the Cascade Mountain Range.

The Course

Pronhorn offers 2 golf courses, the Nicklaus and Fazio courses. Both courses have been highly rated by players and critics. The Tom Fazio course was ranked #4 in a recent Golf Digest article on "America's Best New Private Courses". The Jack Nicklaus course also ranked well in another Golf Digest article. The Nicklaus course ranked #2 for "best new private course".

The Pronghorn Community

The Pronghorn Golf community is located just NE of Bend Oregon, towards the Powell Butte area. The community offers stunning, exclusive real estate. In addition to the 2 golf courses, the Central Oregon community has a premiere Clubhouse and golf academy. Prongorn also offers recreational and outdoor activities to its residents.