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GOLFSUITES BRIDGE LOANS INVESTORS COMMUNITY

HAVE YOU INVESTED IN A GOLFSUITES BRIDGE LOAN?

Together, we’re stronger. Are you out of pocket? Let’s combine our resources—file a class action lawsuit or push them into involuntary bankruptcy. United, we can make an impact.

LET'S COLLABORATE

HAVE YOU NOT BEEN PAID INTEREST? HAS THE COMPANY STONEWALLED YOU? IS YOUR BRIDGE LOAN PAST DUE?

SHARE YOUR EXPERIENCE WITH US IN OUR COMMUNITY BLOG. LETS GET YOUR CAPITAL BACK TOGETHER.

Did you know they are still offering 6 month short term loans despite defaulting on millions dollars of previous bridge loans? How is this legit?

Join our letter to the SEC filing a complaint. View letter scheduled to be sent March 31, 2025.

Personal Investment Experience - John Colaiacovo

My name is CEO Jack Cola (John Colaiacovo) and I feel compelled to share my personal experience with GolfSuites bridge loans and their personal guarantees by Gerald (Jerry) Ellenburg and Michael Reiner.

Initial Investment Overview

On September 21, 2023, my company invested in a bridge loan with GolfSuites. The investment was personally guaranteed by Gerald (Jerry), Ellenburg (stated net worth: $9,000,000 (see attached), and Michael Reiner (stated net worth: $7,500,00). What appeared to be a straightforward investment opportunity deteriorated when interest payments ceased and the note becoming due in August 2024.

Documented Communication

Following my demand letters to the principals and legal representation, I happened to hear back from the principals. Below is an audio recording of my conversation with Gerald (Jerry) Ellenburg and Ryan Ellenburg:

Listen to JERRY ELLENBURG, CEO of GolfSuites threaten retaliation against an investor for trying to collect on a debt.

The letter that was authored by Jack Cola to Scott Smylie can be viewed by clicking here.

LISTEN ON SOUNDCLOUD

VIEW THE LETTER & RESPONSE

The Consumer Review Fairness Act makes it illegal for companies to include standardized provisions that threaten or penalize people for posting honest reviews.

GolfSuites Timeline and Operations

August 2020: GolfSuites Lubbock Location Acquired
December 2020: First Location in Tulsa, OK Acquired
June 2022: Baton Rouge Location Opened (50% ownership)
April 2024: Tulsa Location Closed (non-payment default)
Since July 2022-Present: GolfSuites As Not Indicated No New Locations Opened or Under Construction

Key Concerns for Potential Investors

Undisclosed risks regarding the Tulsa location and Muskogee Nation involvement
Multiple announced locations with no progress:
- Auburn location (acquired May 2023) - Has Not Broken Ground
- Madison, MS location (acquired July 14, 2022) -Has Not Broken Ground
- St. Petersburg, FL location (leased September 27, 2023) - Has Not Broken Ground
Current bridge loan offerings, despite existing defaults
Inability to maintain interest payments on obligations
Concerning responses to investor inquiries and demands

GolfSuites Newest move to raise money

All Play Ventures

Not Disclosing legacy issues and capital default to investors

No Financials sent out on parent company.

They raised money on these non-completed locations and now raising money for a new project.

ERC Communities

As GolfSuites Investor are resources being allocated correctly?

Year later still not developed with capital raised.

Bad management or Criminal organization?

https://erccommunitiesblog.blogspot.com/p/about-us.html

CIVIL PROCEEDINGS:

MARTINEZ v. ELLENBURG, G.

NEWS & MEDIA:

$5M CONSENT JUDGEMENT

https://jenksriverwalk.com/onefire-holding-company-announces-5-1-million-judgement-against-golfsuites-tulsa/

Not paying rent and still could not met interest obligations.

This testimony is based on personal experience and publicly available information as of January 2025. Potential investors are encouraged to conduct thorough due diligence and seek professional financial advice before making any investment decisions.