Sawmill Resort and Campground is located near Dade City in Pasco County in west central Florida. It’s in a very rustic area with about 178 spaces for recreational vehicles, a number of existing cabins and camping sites, a general store, a recreational hall that doubles as a night club, and a pool and poolside bar and cafe’.
Earlier today, Sawmill became the latest resident-owned community in Florida as its homeowners association purchased the community after over nine months of hard work by a group of very dedicated individuals.
The price was $4,200,000 and the seller, TPG Campgrounds, LLC, was very capably represented by Attorney John Fenn Foster of the Foster & Fuchs firm in Jupiter, Florida. The homeowners association financed the purchase with the welcome assistance of Jeff Campbell at Community Bank & Company, which loaned the association $2,940,00.00 and also helped a number of residents purchase membership shares in the cooperative that will be formed from the homeowners association. The lender’s legal counsel was Ryan Snyder of the Snyder Law Group.
Bill Gorman and his Lifestyle Choice Realty team guided the Sawmill residents through many twists and turns of this very challenging transaction. The homeowners association was also greatly assisted by its surveyor, Bobby Simmons of Simmons & Beall, Inc., Bill Goulet of Environmental Assessments & Consulting, Inc., Sam Surratt from Lee Reed Insurance, and Bryan Tolli from Evergreen Insurance.
I’m happy to welcome Sawmill as a resident owned community and will be looking forward to getting back to regularly posting entries on my blog. We’ve got lots to discuss!