Representatives of lender Swedbank flew to Bermuda to meet with Coral Beach (CBC) staff about the private resort’s uncertain future. It’s understood the leading Swedish bank is now leading financing arrangements going forward.Th meetings came as a group of CBC members sought to gain consensus of how many members would be interested in investing their own money to save the exclusive club from a possible closure.New York-based Brickman wants out, saying it’s no longer interested in developing the property as a five-star resort. Brickman’s 200-year lease on the CBC and Horizons property requires it to pay $2 million a year in rent for 45 years, according to an e-mail from senior CBC members.CBC members have rejected Brickman’s plan to sell them the resort’s facilities for $28 million, leading to concerns the club could close, be sold to another party, or handed back to mortgagee Swedbank.But according to an e-mail sent on Tuesday from the CBC members’ steering committee, the officials from the leading Swedish bank emphasised their support for them and for the club during meetings in Bermuda.Confirming the meetings with the Swedish bankers, CBC acting general manager Mike Fahy said yesterday the discussions with staff were “very positive” and “encouraging”.“As far as we are concerned now, it’s business as usual going forward and we would encourage the members to use the club as much as they can,” Mr Fahy said, adding that Swedbank had indicated they would do what they could to support the club.The CBC members’ steering committee e-mail said: “Two members of the (steering) committee also met with Swedbank and can report that their commitment extended to the membership as well,” the e-mail said. “We were impressed with their forthright approach and their genuine desire to do everything in their power to maintain the integrity of the Club.“To this end we have been advised to expect that we will receive our November dues invoices shortly, along with an outline of the status of the Club and the role Swedbank expects to play in the coming months.“Swedbank was very clear that the continued support of the membership would be pivotal in keeping the Club running; so please use the club to its fullest extent as we work with the various parties towards a viable solution.”The steering committee e-mail said it believed current CBC membership now stood at approximately 1,100.A questionnaire sent to the members on the club’s future was returned by 161 members and many others had additional questions, the committee e-mail said.“We are unable to immediately respond to specific concerns regarding membership categories, annual membership dues and hotel rates/discounts as these decisions would be made by a future Board of Governors,” the e-mail said, continuing: “We would like to have the questionnaire answered by a much broader number in order to determine if member ownership is an option and to then determine our next steps.”Any future new Club would be registered as a Bermuda limited liability company with all members eligible to buy shares and par value per share of $1,000.The online questionnaire members are asked to fill out says the steering committee considers the following share subscriptions, in addition to debentures and/or bank loans, to be the minimum required to finance purchase of the lease for the continuance of the Club:Resident membership: minimum subscription at 10 shares = $10,000.Non-resident membership: minimum subscription at 4 shares = $4,000.“All Member Equity shares per category may be transferred to another family member or purchased by the Club when resigning membership, dependent upon the sale of the shares to new members. CBC members interested in CBC property only in its entirety, ie all south of South Shore Road.“The current lease payments are for annual rental payments of $1 million for the Horizon lease and $1 million for the CBC lease for the next 45 years of the lease, and thereafter drop to $125,000 for each property for the next 150 years of the original 200-year leases which commenced in 2008. (from the lease agreement which is available to the public).”The questionnaire asks: Are you willing to purchase the minimum equity share requirement in order to continue your membership at CBC? And please enter a dollar amount if you would consider purchasing a ten-year debenture with interest pegged at five percent.The members CBC steering committee is made up of Henry Bertram, Francis Carter, Teresa Chatfield, Jeff Conyers, Judith Howe Tucker, Steven Rees Davies, Anthony Gorham, Richard Keane, and Elliott Rogers.