September 6, 2016 Comments Off on Malibu Golf Club Acquired for $30.5M by Chinese Investment Firm Views: 488 California News, Los Angeles, West

Malibu Golf Club Acquired for $30.5M by Chinese Investment Firm

Hong Kong-based Shinhan Golden Faith International Development Limited acquired Malibu Golf Club and the surrounding property in the hills of Malibu, CA from a court-appointed receiver for $30.5 million. The 18-hole property sits on a 650-acre site within the Santa Monica Mountains Recreational Area that’s fully entitled for development as a health and wellness golf institute.

Bill Hoffman of Trigild, a San Diego-based firm, handled the disposition following Malibu Associates’ $47-million loan default. The receiver was represented by Beverly Hills, CA-based Kennedy Wilson’s Fred Cordova, Ed Sachse, Ryan Eddy, Michael Puleo and Jake Sachse.

Trigild’s Hoffman says the property “presented a number of complex obstacles” that complicated and lengthened the process. “We are fortunate to have selected a solid buyer, and are excited to see what the future holds for the site.”

Connect with Trigild’s Hoffman

Connect with Kennedy Wilson’s Cordova

For comments, questions or concerns, please contact Dennis Kaiser

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