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MIDDLETON, MA-Charlottesville, VA-based Affinity Golf Managementwill use $11.2 million in financing to fund the acquisition andrepositioning of the Ferncroft Country Club. Located directly offRoute 1 and Interstate 95 about 18 miles north of Boston, the clubfeatures a nine-hole executive course, an 18-hole championshipcourse and tennis and pool facilities.
"It's a very attractive acquisition," Mark West, with HollidayFenoglio Fowler, who arranged the financing package for the buyer,tells GlobeSt.com. West says Affinity, which owns or operates golfcourses in 19 state throughout the country, plans to use a portionof the financing to upgrade the course facilities and improvemembership.
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