Receivership & Distressed Asset Management

When the bank or court takes control, you need more than a caretaker — you need a proven operator who can protect value, stop the bleeding, and position the property for a profitable sale or transition.

Elite Golf Management specializes in receivership and distressed-asset turnarounds.

We step in the day we’re appointed and immediately:

• Secure and inventory every asset (carts, equipment, pro-shop merchandise, clubhouse contents)
• Stabilize cash flow with aggressive revenue tactics and ruthless expense control
• Implement daily maintenance programs that restore playable conditions fast — because a course that looks abandoned loses value every day it sits
• Protect the turf and infrastructure so the property remains marketable
• Provide the court, lender, or FDIC with transparent weekly reporting and full accounting
• Market the asset discreetly to qualified buyers while keeping it operational and revenue-positive

Keith Flatt served as receiver for the FDIC at Stallion Mountain Golf Club in Las Vegas. We know exactly what lenders and judges need: preservation of value, zero surprises, and a clean exit.

If your institution has taken back a golf property, one call to Elite Golf turns a liability into a stabilized, sale-ready asset — often in months, not years.

We don’t just hold the fort. We make it worth more when it’s time to sell.

Stallion Mountain Country Club, Las Vegas, Nevada
18 holes, designed by Jeff Braur & Jim Colbert

In 2008, Stallion Mountain Country Club underwent foreclosure proceedings with Community Bank of Nevada who retained Elite Golf Owner & CEO Keith Flatt to manage the property while under receivership. His receivership responsibilities continued without interruption in 2009 when the bank was seized by the FDIC and in July of 2011, Flatt delivered Stallion Mountain to Tartan Golf Management in virtually turn-key condition.

Throughout the nearly four years that Flatt carried out the duties of receivership at Stallion Mountain Country Club, the 37,500 square foot clubhouse and 18 hole championship caliber golf course were appropriately maintained at minimal cost and to quality standards such that the new owners were able to open the facility for public play within the first 30 days of ownership.