Finance and Assessment

Member Assessment – The current per proprietary member assessment amount of $20,945 is based on the total project cost ($8.5 Million), less on-hand cash ($250,000) and member donations ($500,000), divided by the 10-year average number of Proprietary Members (370).  Total member approved assessment is $7,750,000

Member Assessment payment Options – Payments Invoiced Nov. 1, 2024

• $5,000 upfront investment and the balance of $15,945 is financed over 10 years at 6.5% interest (monthly payments are $181) 
• $10,472 upfront investment (50%) and the balance of $10,473 is financed over 10 years at 6.5% interest (monthly payments are $119)
• $10,472 upfront investment (50%) and the balance of $10,473 (50%) is paid by October 31, 2025 at 0% interest
• $20,945 upfront investment (100%)

*If monthly payment options are selected, payments will begin December of 2024 and end November2034 (120 months)

Member Loans – Options due March 31, 2025

• Estimated loan amounts – $2,700,000
•  Interested members who wish to loan money for the club improvement project, please see
  • Member Donor Letter 
  • Promissory Note 
  • Loan Amortization Schedule 

Sale of Proprietary Membership 

• If proprietary membership is sold (sale of stock) before 2034, said membership will qualify for a refund of the assessment over 10 years. A refund schedule will accompany each membership (see schedule below).
• Outgoing Proprietary Members (including those eligible to transfer to Senior Membership) receive pro-rata refund of assessment paid over a 10-year period once their membership sale is final. 
• Incoming Proprietary Members (or transfers to Proprietary Membership) after November 2024 will pay the remaining balance of the assessment either in one lump sum (see schedule below) or at $5k (pro-rated) upfront payment option plus the monthly payment equivalent of ($181) until November 2034

Contact Jeff D’Amico at jeffd@wingpointgolf.com for more information