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!