Facility Expansion Update
Land Development Loan Self-Funding Option
Let’s all pitch in to help reduce the Glenview land development loan interest rate to 1% and save thousands of dollars!
In conjunction with the financing for our land development, Orchard Alliance (OA)/Alliance Development Fund offers a self-funding option that can greatly reduce the interest rate on Glenview’s loan. In short, self-funding means that churches or congregants of churches can deposit funds with OA and designate those funds as self-funding to reduce the interest on the church loan. For Glenview that could mean interest savings of several hundred thousand over the life of the loan. The funds designated as self-funding remain the property of the depositor at all times and can be withdrawn within the terms of the deposit agreement with OA.
If you would like to learn more about this opportunity, please plan to attend a meeting on September 15 immediately after the 10:45 am service. Lunch will be provided; therefore, we ask that if you plan to attend, sign up in the lobby, on a Connection Card, or by contacting the church office.
If you can’t attend the meeting and have questions, contact the church office for more information.