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    Area's Newest Racket Sports Facility
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CCC FRIENDS III LIMITED PARTNERSHIP

37 South Main Street, Suite A

Chambersburg, PA  17201

717.729,2007 or  717.264.6759

 

August 22, 2022
 

The strong financial position of the Club over recent years presents various opportunities to continue to explore the path forward for the Club by the Board. At this time, the Board of Governors has decided to pursue funding an early payoff of their existing CCC Friends II financing by entering into a similar financing program with CCC Friends III Limited Partnership. Additionally, based on anticipated support from the membership, as would be demonstrated by investment interest in this new partnership, the Club’s goal is to proceed with future capital improvement projects. The Club continues to believe that it would prefer to pay financing costs to those Club members who invest in the Partnership rather to an outside lending institution. 
 
For us to be able to accommodate the Club’s request, CCC Friends III has completed the preparation of the requisite Private Placement Memorandum (PPM), allowing members to purchase Units in the Partnership and share in this financing opportunity.  Briefly, the investment details are below:

  1. The amount to be raised by this CCC Friends III offering is a range up to $3.65 million.
  2. The loan to the Club will be the amount raised by this offering, less $150,000- which will be held by CCC Friends III to pay unforeseen expenses should the loan default.
  3. The Club will use the loan proceeds to pay off the balance due to CCC Friends II ($2.325 million as of October, 2022, decreasing to $2.288 million by October, 2023), and to partially fund the subject Capital Project.
  4. Investors will earn market interest on their escrowed subscription funds until escrow is broken, then 6% interest, paid semi-annually as principal and interest on a 30 year amortization schedule; with a 7 year balloon payoff.
  5. The Partnership will have a 1st mortgage on the Club property and assets as loan collateral and the Club will not be able to incur any additional debt.
  6. CCC Friends III Partnership Units are available at $10,000/Unit.

At the time of the offering, the Board’s current intention is to proceed with an upgraded irrigation system and a number of strategic tee box renovations throughout the facility.  Full details on the capital project can be found in the Capital Project FAQs prepared by the Club, attached hereto.  

We believe the Club continues to thrive with the broadest possible investor and member participation.  Ideally, over 350 members would be shareholders to further strength the future of Franklin County’s premier facility.  We encourage you to review the PPM documents and connect with us or the Club if you may be interested in participating.  This, like all investments, involves risk and is not guaranteed.  Subscription agreements are available now and participation in CCC Friends III is on a first come first serve basis; recall that the CCC Friends II investment opportunity closed out in less than 30 days.
         
CCC Friends III

by Rick Bodner, Page Etchison, Kurt Tolbert, Charlie Tornetta, & Adam Schellhase – CCC Friends III Management, Inc


 

pdfLink to CCC Friends Memo - Click Here

 

pdfLink to Club Capital Plans & FAQ - Click Here

 

pdfLink to Private Placement Memorandum - Click Here

 

pdfLink to Subscription Agreement - Click Here

 

pdfCCC_Friends_III_Instructions_to_Subscription_Agreement.pdf

 

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Apply for a CCC membership online today. Membership applications must be accompanied by your first month's dues to be active. We will contact you upon receipt of your application to confirm payment details. By submitting the below form, you agree to the attached terms and conditions included in this membership application (Download here - Membership Terms & Conditions).  Call the Club at (717) 263-8296 if you have any questions when completing this application. Fields with an (*) are required.

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 Pickleball is a lively racket game for all ages and abilities....and is now at the CCC!  Franklin County's Only Outdoor Pickleball Courts!

Pickleball Schedule (in season late April - mid-October):

Now Playing  (all members & their invited guests welcome):  To register for play during scheduled times click here

Pickleball Open Play Spring 2022 V2

 

 

 Members & their guests are invited to join others for a friendly game of pickleball. No reservations are required, just show up during the above times with non-marking "tennis shoes" or sneakers. Equipment is provided at no charge! CCC PickleBall Brochure:  pdfPickleBall.pdf

 Pickelball Wide 2015

 


 

Court & Gear:

PickleBall was created with one thing in mind: fun. It was designed to be easy to learn and play whether you’re five, eighty-five or somewhere in between. PickleBall is traditionally played on a badminton-sized court with special PickleBall paddles, made of wood or high-tech aerospace materials. The ball used is similar to a wiffle ball, but slightly smaller. The lower net and wiffle ball allow the game to be accessible to people of all ages and abilities, while still allowing more competitive players to test their mettle.

View all the official PickleBall Products HERE

Rules of the Game:

In addition to the modified net and gear, there are several key rules in PickleBall that help make the game more accessible. In tennis, and many net sports, games are often won and lost by the power of the serve. In PickleBall, the ball must bounce once on each side before volleys are allowed. This opens the game to more players and extends play for added fun.

See a complete breakdown of rules HERE

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Recent News

  • 2022 Membership News! +

    Click above to read about changes effective October 2022 at the Club Click Here
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LEARN MORE ABOUT
MEMBERSHIP

Let us contact you to discuss CCC's
membership options & opportunities.

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