6% Interest Rate
7 Year Maturity
● The pool and amenities are fully designed with architectural and engineering plans in hand and a nearly shovel-ready site.
Yes. We will announce special benefits of different investment tiers when the capital campaign becomes active.
Yes. Investors will have priority access to purchase pool memberships when they become available for sale.
Terms and conditions of pool memberships will be specified when memberships become available for purchase. We currently expect memberships will be transferable with payment of a transfer fee by the transferee.
When the capital campaign becomes active, we expect the minimum investment amount to be $1,000. Investors will have priority access to purchase pool memberships when they become available for sale.
Terms and conditions of pool memberships will be specified when memberships become available for purchase. We currently expect memberships to be priced similarly to comparable pool clubs in Greenville, with a $1,500 initiation fee and $550 annual membership fee.
While Vicinity exists to provide local investors the opportunity to invest in their communities, the platform includes investors who live outside Hollingsworth Park and Greenville, SC. Currently, the majority of investment interest in the Pool at Hollingsworth Park is from local residents.
Initially, the pool and amenities will be available for recreational use by members of the private pool club and their guests. If there is sufficient interest in forming a swim team at the Pool at Hollingsworth Park, the members may elect in the future to organize a swim team and affiliate with SAIL. Matt Summey is the appointed SAIL representative for the Pool at Hollingsworth Park.
We expect to offer pool memberships for sale once pool construction is underway. We currently anticipate this will be by Spring 2023.