Marketplace Home Mortgage Partners with the Royal Golf Club to Support Development of New Twin Cities Golfing Community

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Marketplace Home Mortgage announced today plans to partner with The Royal Golf Club, a new championship 18-hole golf course located in the Saint Paul suburb of Lake Elmo. As part of the partnership, Edina-based Marketplace Home Mortgage will serve as the development’s on-site mortgage lender to support the creation of a 291-home golfing community that will surround The Royal Golf Club.

Anticipated to open in September 2017, the Royal Golf Club is the last golf course in the United States designed by legendary professional golfer, Arnold Palmer, and the first golf course designed by Annika Sorenstam, a legendary LPGA golf professional. The development combines a premier daily fee course with a family friendly community built around enjoying time together in the out-of-doors.

“As we understand it, this was the last golf course that Arnold Palmer visited before his passing,” said Hollis Cavner, the principle partner on the Royal Golf Club development. “Arnold was a golfer who inspired golf enthusiasts of all ages. It’s this spirit that guides us in creating a truly special experience for golfers of all ages. We want them to carry on his spirit and make golfing an activity that can bring together families and a community.”

At the center of the 428-acre, $365 million development is The Royal Golf Club 18-hole golf course, a daily fee course built on 197 acres. The course is built on what was formerly known as Tartan Park, a golf course/county club for 3M employees. The new course features nine holes designed by Sorenstam (The Queen’s Nine) and the late Arnold Palmer (The King’s Nine). They envisioned a multi-generational golfing experience — a place where beginners would feel comfortable in learning, and…

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