The Synod’s current portfolio appears at 31 million bucks. It offers never really had to foreclose for a debtor and has now been paid back every buck lent beneath the current loan system.
The Synod’s Loan Service provides much-needed funds for your website and church property purchases, very first product (sanctuary, Christian education, and workplaces) construction, expansion, renovation, and refinancing jobs, manse purchases, and home-equity sharing arrangements. Additionally provides freedom and a knowledge of Presbyterian Church requirements and operations that can’t typically be located with commercial lenders, along with appealing rates of interest, and incredibly low charges and costs.
As the Investment and Loan solutions come together, it really is referred to as the Synod Investment and Loan provider.
The proceeds that are net through the Investment and Loan solutions are recycled back again to user presbyteries as a percentage of these Mission Partnership Fund allocations. Read more