Will Banks Finance a Business that Operates Under a Long-Term Concession Agreement?

searcher profile

August 14, 2025

by a searcher from University of Pennsylvania - The Wharton School in Atlanta, GA, USA

I’m looking at a golf course acquisition that operates under a 30-year concession agreement with the county. It’s privately owned but open to the public (not a muni). I know banks will usually finance deals when there’s a long-term land lease in place, but I’m not sure how they view concession agreements, since the structure and rights are a bit different. Has anyone here financed or tried to finance a business with a long term concession? Curious if banks generally view it as doable or if it’s a tough sell, or even non-starter? Appreciate any thoughts, war stories, or lender recs. Thanks!
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Reply by a lender
from University of Missouri in Denver, CO, USA
^redacted‌ yes that should work. The concession agreement must allow the buyer to operate the business without undue interference and to transfer the agreement from the seller to the buyer.
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Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
I would be happy to have a discussion and see if we can assist you. We have done many transactions with land leases. I would be curious to see what specific terms are in the concession agreement. You can reach me here or directly at redacted
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