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GOLFSUITES PAYMENT DEFAULT ALERT: Jerry Ellenburg threatens retaliation against an investor in GolfSuites Bridge Loans investment platform because he demanded to be paid back after being fed excuses for over a year. Missing Interest payments, No Default interest and no return of the initial investment principal. Listen to the ENTIRE conversation by clicking here.
The opinions expressed here within this informational website are the opinions of John Colaiacovo (Personally) and NOT the opinions of John Colaiacovo, LLC.
Jerry Ellenburg, the current CEO and Chairman of GolfSuites, and also associated with ERC Homebuilders, has recently been involved in a court case resulting in a judgment against him. This information is based on court documents and publicly available information.
Details of the Court Case
According to court documents from the Circuit Court of the Thirteenth Judicial Circuit in and For Hillsborough County, Florida (Case No: 23-CA-015958), a consent judgment was entered on April 29, 2025, related to a settlement agreement involving three promissory notes.
The plaintiff, Christopher Ciavarra, alleged that Ellenburg (and associated companies) defaulted on a confidential settlement agreement made on January 28, 2025. This agreement was to settle claims related to the promissory notes.
The court found that Ellenburg failed to make the first payment due under the settlement agreement, leading to the default.
As a result, the plaintiff was entitled to a consent judgment for the full amounts owed under the promissory notes, as well as attorney's fees and costs.
The judgment specifies amounts owed jointly and severally by Ellenburg and ERC Communities, and Ellenburg and GolfSuites.
Financial Implications
The court documents indicate that Ellenburg, along with ERC Communities and GolfSuites, are liable for significant sums. Specifically:
Ellenburg and ERC Communities are jointly and severally liable for $195,782.87, plus attorney's fees and costs, related to two promissory notes.
Ellenburg and Golfsuites are jointly and severally liable for $99,829.16, plus attorney's fees and costs, related to another promissory note.
These amounts are subject to a statutory interest rate of 9.38%.
Additional Concerns
Beyond this specific case, other sources raise concerns about GolfSuites' financial situation and Jerry Ellenburg's business practices.
Jerryellenburg.com highlights instances where Ellenburg has allegedly defaulted on bridge loans he personally guaranteed.
SEC filings related to GolfSuites indicate that the company's auditor has issued a "going concern" opinion, suggesting potential financial instability.
News reports (see search results) detail a separate $5.1 million judgment against GolfSuites Tulsa, LLC for a lease breach.
Disclaimer: This blog post is for informational purposes only and is based on publicly available information and court documents. It is not intended as legal or financial advice.