Bay Point Advisors Finances $15.5 Million Debt and Preferred Equity Investment for Lake Keowee Reserve Acquisition

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ATLANTA–(BUSINESS WIRE)–Bay Point Advisors, LLC has completed a $15,500,000 transaction to acquire The Reserve at Lake Keowee, a premier club and community in Sunset, South Carolina. Bay Point’s financing consisted of a senior term loan of $12,500,000 and a preferred stock investment of $3,000,000 in the club.

Lake Keowee Preserve is a 3,900-acre private golf and boating community located along the shores of one of the Southeast’s most awe-inspiring lakes and in the foothills of the Blue Ridge Mountains in Sunset, South Carolina. With over 30 miles of pristine shoreline on the emerald green waters of Lake Keowee and awe-inspiring views of the magnificent Blue Ridge Mountains, the reserve is perfectly located to major Southeast cities including Atlanta and Charlotte, as well as close to Greenville, recently named the Best Rising Town in the South for 2022 by Southern Living Magazine. As rich in amenities as its sense of community, residents enjoy many activities centered around the lake and marina, such as boating, water skiing, fishing, swimming, a signature Jack Nicklaus golf course , tennis and pickleball, biking, hiking, wellness and world-class dining.

The Sponsor of the acquisition, Kipling Venturesintends to revitalize the club by investing approximately $50 million in new facilities to complement the reserve’s existing facilities, valued at over $100 million.

Simeon Ramsden, CEO of Kipling Ventures, said:We are delighted with this recent addition to the portfolio. The property is now ideally placed to become the region’s premier private members club, supported by the significant investment we will make in the amenities package. We expect land and homes to experience significant price growth in the near future as a result of this investment. We are fortunate to have the most sought after lakefront and golf course inventory soon to be released through our very own sales office. We will also build high-end homes to meet market demands.”

Bay Point is delighted to contribute capital to this acquisition and looks forward to watching the enrichment of the Lake Keowee Community Reserve.said Scott Duncan of Bay Point Advisors.

About Kipling Ventures Holding Co, LLC

Kipling Ventures is a developer of residential communities and luxury hotels in unique locations across Europe and the Americas. Kipling’s team of experienced real estate professionals have successfully completed over 60 projects, employing a long-term value-added strategy in each development. Our mission is to create beautiful, sustainably developed private communities for the discerning, located in the most exceptional locations. We work with nature to improve the environment and act as stewards for future generations.

Learn more about www.kipling-ventures.com/

About Bay Point Advisors, LLC

Founded in 2012, Bay Point Advisors LLC is a privately held company based in Atlanta, Georgia, specializing in personalized and secure lending solutions in real estate and other industries including entertainment, aviation and natural resources. Since its inception, Bay Point Advisors has issued over $1 billion in privately negotiated loans. For more information, please visit www.baypointadvisors.com.

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