Equestrian Farm

Little Compton, RI

This property is an 8-stable equestrian facility located on 21 acres of pristine land in Little Compton, RI, one of the state’s most desirable locations. Although the facility was losing money, the underlying real estate had substantial value as a potential residential subdivision without any need for a zoning change. Based on that value, Clubhouse Capital secured a 12-month bridge loan to halt a pending foreclosure and fund preliminary costs relating to a necessary expansion (Spring 2009).