DEERFIELD VALLEY — The Hermitage Club claims to be making "substantial progress" in a refinancing effort.
"We do believe at this point that a closing is imminent," Hermitage President Harper Sibley wrote Tuesday in a letter to members. "We don't think it is a question of whether it closes or not but it is more of a question that it closes as a $30 million or $25 million loan based on the appraisal which needs to support a 50 percent loan to value.
