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General Electric Capital has filed a foreclosure lawsuit against Heritage Golf Eagle Trace LLC and San Diego-based Heritage Golf Group, according to the South Florida Business Journal. The troubled course is the TPC Eagle Trace golf club in Coral Springs, Florida; it has held nine Professional Golf Association (PGA) tour events, including the Honda Classic. Heritage Golf Eagle Trace bought the property for $4.1 million in 2007 and obtained a $6.4 million mortgage with the General Electric finance operation, according to the journal. The loan is the subject of the foreclosure suit. Heritage Golf Group manages the property. Heritage, which has its office at 12750 High Bluff Drive, is run by President Bob Husband and Executive Vice Presidents Gary Dee, Angela Kasten and John Hungerford, according to Heritage's website.
General Electric Capital has filed a foreclosure lawsuit against Heritage Golf Eagle Trace LLC and San Diego-based Heritage Golf Group, according to the South Florida Business Journal. The troubled course is the TPC Eagle Trace golf club in Coral Springs, Florida; it has held nine Professional Golf Association (PGA) tour events, including the Honda Classic. Heritage Golf Eagle Trace bought the property for $4.1 million in 2007 and obtained a $6.4 million mortgage with the General Electric finance operation, according to the journal. The loan is the subject of the foreclosure suit. Heritage Golf Group manages the property. Heritage, which has its office at 12750 High Bluff Drive, is run by President Bob Husband and Executive Vice Presidents Gary Dee, Angela Kasten and John Hungerford, according to Heritage's website.