Bridge loan buying time for Empire Ranch Golf complex sale?

Empire Ranch Golf Course is getting a $1.3 million bridge loan from a secondary creditor to pay the key creditor while a bankruptcy-imposed sale drags on.Carson City’s Dwight and Sandra Millard issued a statement and their Reno-based bankruptcy attorney filed documents overnight with the U.S. Bankruptcy Court of Nevada detailing the loan at a 4.5 percent annual interest rate to pay off Garth Richards’ GSR Investments, LLC. Richards, a developer, also has Silver Oak Golf Course and Co