BECOME A LENDER TO THE PRC
The Pinebrook Recreation Center is seeking up to $200,000 in financing, which if received, would lower the number of memberships required to fund the pool project. More specifically, 185 household membership equivalents are required to fund the pool project without any financing, but if $200,000 of financing is obtained, then fewer members will be required to fund the pool project.
Loans will be repaid through annual maintenance fees over six to ten years at an interest rate of 4-5%. The minimum individual financing commitment to be accepted is $10,000.
You don't have to become a PRC member or live in Pinebrook to become a lender to the PRC. If you have an interest in joining the lending group, please send an email to [email protected]. The Pinebrook Pool Committee would welcome the opportunity to answer questions from prospective lenders.
The information above is (A) is for informational purposes only, (B) is not to be construed as a solicitation, recommendation or offer to buy or sell any financial product or instrument, and (C) should not be relied upon to make any investment decisions. Any descriptions of financing terms set forth above are preliminary and represent only a summary of certain terms, are not intended to be complete, and are qualified in their entirety by any financing documents which will be made available to interested parties so that they can review the comprehensive set of terms and provisions.
The Pinebrook Recreation Center is seeking up to $200,000 in financing, which if received, would lower the number of memberships required to fund the pool project. More specifically, 185 household membership equivalents are required to fund the pool project without any financing, but if $200,000 of financing is obtained, then fewer members will be required to fund the pool project.
Loans will be repaid through annual maintenance fees over six to ten years at an interest rate of 4-5%. The minimum individual financing commitment to be accepted is $10,000.
You don't have to become a PRC member or live in Pinebrook to become a lender to the PRC. If you have an interest in joining the lending group, please send an email to [email protected]. The Pinebrook Pool Committee would welcome the opportunity to answer questions from prospective lenders.
The information above is (A) is for informational purposes only, (B) is not to be construed as a solicitation, recommendation or offer to buy or sell any financial product or instrument, and (C) should not be relied upon to make any investment decisions. Any descriptions of financing terms set forth above are preliminary and represent only a summary of certain terms, are not intended to be complete, and are qualified in their entirety by any financing documents which will be made available to interested parties so that they can review the comprehensive set of terms and provisions.