Never built one, if its straight driving range the cost is in the land as the only equipment is the machine to give the golf balls, the balls and the tractor to pick them all up. 

Our Private investors will fund the remaining 10% of the purchase price, the first portion of the rehab (to be drawn later from the HML), and the holding costs.

Words are weapons, contrary opinions and words cause physical and mental abuse that should be responded to with force, need authority to step in to solve problems, everyone needs protection, trust emotions over reason, avoid bad experiences at all costs, the world is black and white battle between good people and evil people (there is no middle ground), etc.

Do you remember how much it ended up costing?

Flex prepays (stepdowns, etc) are available but will cost additional bps.

Sam - did you ever find a more cost effective solution to this than SaniStar?

Higher cost markets produce more equity gain for the value add.  

Do they still come with high closing costs?

The costs out way the benefits especially with these higher rates. 

You should literally be talking about peanuts here, water and electric with no one using them shouldn't cost hardly anything.