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Financing Church Buildings

Date post: 12-Jun-2015
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UNITED CHURCH OF CHRIST Church Building & Loan Fund Cblfund.org The Nexus of Money & Mission
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Page 1: Financing Church Buildings

UNITED CHURCH OF CHRIST

Church Building & Loan FundCblfund.org

The Nexus of Money & Mission

Page 2: Financing Church Buildings

Our Mission

The mission of the Church Building & Loan Fund

(CB&LF) is to assist congregations younger than 30

years, as well as renewing congregations of any

age, who are planning to buy either a first house of

worship or a land site, or who want to build,

renovate, or refinance their church building, meeting

house, school, parsonage and/or other church

buildings.

Page 3: Financing Church Buildings

Our Origins1852

Delegates of the American Congregational Union pledge $10,000 toward a total of $50,000 to be raised in the first 6 months of 1853.

1853

$62,041 is raised ($1,983,342 in 2013 dollars). 232 churches in 16 states are built from these funds. The first church building society in the United States is born.

Page 4: Financing Church Buildings

Who We Are

The oldest church building loan fund in the United States, assisting thousands of churches with planning and financing church buildings since 1853.

• A Nonprofit 501c3 organization

• Affiliated with Local Church Ministries

• A Loan Fund, NOT a Bank

Page 5: Financing Church Buildings

The Team

• Rev. Dr. Patrick G. Duggan, Executive Director• Ms. Sheila Kinzer, Associate Director & Chief Loan

Officer• Ms. Shaena Ragin, Loan Processor• Ms. Maria Haslam-Sterp, Administrative Assistant• Rev. Priscilla Bizer, Capital Fundraising Executive• Rev. Susan Mitchell, Capital Fundraising Executive

Page 6: Financing Church Buildings

Our Capacity to Serve

• 540 church loan partners (80 active)• $50,000 in 1853 - $57 million in 2014 • $22 million lending capacity• 90% performing loans• 1 new project per month for 160 years

Page 7: Financing Church Buildings

Loan Programs

• Building Purchase (20% down, 4.0% fixed, 20-30 years)

• Site-Purchase (30% down, 4.5% fixed, 20-30 years)

• Construction (30% down, 4.5% fixed, 20-30 years)

• Refinance (negotiable)

• Church Building Disaster Recovery Program (special rates & terms)

• Church Building Energy and Environmental Program

• (up to $100K, 4.25% - 5.375%, 5-7 years)

Page 8: Financing Church Buildings

Capital Campaign Services

Churches that need to raise large sums of money for renovations, a building purchase and/or construction can benefit greatly from the assistance of our Capital Campaign Services team.

CB&LF offers the only professional Capital Campaign Services (CCS) authorized by the United Church of Christ.

Page 9: Financing Church Buildings

Partners in Vision

CB&LF’s planning and technical assistance program created to help churches with large or complex real estate projects.

Designed to help your church discern vision plans and create sustainable, innovative, mission-focused development models.

Page 10: Financing Church Buildings

Partners in Building

Prepares new and renewing congregations to purchase land or a building or begin a church building project within 6-24 months.

Begins with a one- to two-day event where new and renewing churches are introduced to the Church Building and Loan Fund.

Page 11: Financing Church Buildings

Other New Programs

• Church Building Professionals Initiative

Helping churches choose quality building professionals

• Giving Special Thanks Special Mortgage Repayment Program Incentive

• Lease to Own Program

New Church Building Down Payment Matching Program

Page 12: Financing Church Buildings

Our Reason for Being

• We help churches organize money for mission.

• We help finance the present and future church.

• We help create the places where people of faith gather for worship, service and transformation.

Page 13: Financing Church Buildings

We Are Ready to Serve You Today !

Phone 866.822.8224, ext. 3834

Email [email protected]

Web cblfund.orgUCC Church Building & Loan Fund

#cblfund

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