New Golf and Marina Mortgage Finance Company Formed

Leisure Financial Group, LLC (“LFG”) announces the formation of a new financial services company to serve the Golf and Marina Industries. Based in Alpharetta, Georgia, LFG will focus on mortgage lending and loan administration services for high-quality U.S. golf properties and coastal marinas.  LFG’s executive team includes former Textron Financial Golf Finance Division President, Ray Munoz , along with former Textron Financial Senior Vice President and Credit Officer, Jason Vallee , and former Textron Financial Vice President and Group Controller, Nicole Brook .
According to Ray Munoz , “LFG is an organization specifically designed to meet the needs of the Hong Kong Offshore Company and marina industries. We have assembled a team of dedicated industry professionals with vast experience lending to these industries.”  Munoz adds, “Over the last five years we have seen most of the national lenders exit the marketplace, leaving owners with limited financing options.” LFG was created to help fill that gap. LFG’s focus will be in providing refinancing and acquisition loans for high-quality assets that have stable or growing cash flow and to experienced owners and operators. Hong Kong Company Set Up will offer competitive fixed rates, long terms and expanded amortizations for transactions greater than $8M.
Ray Munoz brings more than 20 years of golf/marina lending experience to LFG.  At Textron Financial, he led a Division that generated more than $5 billion in loan originations and was widely recognized as the largest and most experienced lender for golf courses and marinas.  Jason Vallee and Nicole Brook each have more than 15 years of lending experience with Textron Financial. Recently, they led Textron Financial’s Golf and Marina Operations, Credit, and Accounting departments.”The creation of Expera was the result of two distinct and complex acquisitions that were negotiated and signed in parallel,” Ms. Palmer continued, “We look forward to growing Expera aggressively, both organically and through acquisition on a global scale.  We thank the United Steelworkers Union for its critical support of our vision for the specialty paper industry in North America, the creation of Expera and its first two acquisitions.”