Construction/Bridge Loans for Congregations and Organizations

LCEF construction and bridge loans have just one closing, saving your organization time and money.

Fixed rate during construction.
All rates are 1% above the adjustable permanent rate during the construction phase.
Loans written to allow up to two years for project completion.
Loan fee of up to 1% of new money.

Complete loan application.
Review application for complete and accurate information, including important date, property information, contact person, etc.
Locate "Articles of Incorporation" and constitution bylaws of borrower.
Find out if a survey of the land exists.
Forward any existing title work with loan application.
Contact your District Vice President early in the application process. They are a valuable resource and your local representative in the process.