Before BTCI Part 4 – enter Spratlin Financial (March 1970)

Recap:

  • 08/26/1969 – date of incorporation for Bent Tree Corporation (under The Liberty Corporation)
  • 09/31/1969 – agreement making Spratlin Associates, Inc. the developer and marketer of the new Bent Tree resort community
  • 02/20/1970 – CC&Rs recorded for the first two sections of Bent Tree (Little Pine Mountain Section and the Hendricks Mountain Section)

The next notable corporate milestone was on March 13, 1970, when Spratlin Financial Corporation was duly incorporated in Georgia “…for the following general purposes:  to lend money and otherwise extend credit, invest and reinvest its funds, and take and hold real property as security for the payment of of the funds as loaned or invested or for credit so extended…”.  A conduit for financing lot sales was in place.

from a 1970 security deed

from a 1970 security deed

Security deed after security deed recorded

Security deed after security deed recorded