The Synod’s present profile appears at 31 million bucks. It offers never ever had to foreclose for a debtor and it has been paid back every buck lent beneath the present loan program.

The Synod’s Loan Service provides much-needed funds for your website and church home acquisitions, very first product (sanctuary, Christian education, and workplaces) construction, expansion, renovation, and refinancing tasks, manse purchases, and home-equity sharing arrangements. It provides freedom and an awareness of Presbyterian Church requirements and operations that simply cannot typically be guaranteed installment loans in Pennsylvania located with commercial lenders, as well as interest that is attractive, and extremely low charges and costs.

Since 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 into user presbyteries as a percentage of the Mission Partnership Fund allocations.

The liquidity regarding the provider is underwritten with a $5 Million Revolving personal credit line with Umpqua Bank.

Synod regarding the Pacific provides a few various loans choices to fulfill the requirements of prospective borrowers:

Personal credit line Loans offer funds for construction and renovation jobs as well as other needs. Funds are drawn as required, and interest that is only are expected. The attention prices are adjustable and topic to a Mission Giving discount as much as .75%. Lines are awarded for a 2-year term, with renewal feasible for an extra two-year term.

Amortized Loans offer funds for the site and building acquisitions, and are additionally also utilized to refinance Line of Credit Loans after task conclusion, or even to refinance debt that is commercial. Principal and interest re payments are fixed for the 5-year term associated with loan consequently they are predicated on an amortization that is 20-year with renewal easy for three extra 5-year terms. Interest levels are subject and variable to a Mission Giving discount as high as .75%.

James M. Muzzy Loans provide money money for congregations with unique monetary requirements, including tiny congregations, brand new church developments, racial/ethnic congregations, and churches with catastrophic uninsured losses. Fixed-rate loans, susceptible to Mission Giving discount, amounts as high as $250,000 are available for as much as two decades.

James M. Muzzy personal credit line provides a versatile credit line for churches that meet up with the conditions associated with fund that is muzzy. Fixed loan price, at the mercy of a Mission Giving discount as high as .75%. Lines are awarded for just one term, no renewal/extensions available year.

Low-Interest Green Loans offer low price money for congregations desperate to make environmentally-friendly improvements to their church facilities. Green loans enable you to update outdated appliances and workplace gear, convert to energy that is alternative, or even for applying energy saving measures. The most for Green Loans is $150,000, to be paid back at 3.75per cent interest, over fifteen years with respect to the loan quantity.

Low-Interest Insurance Loans offer danger mitigation improvements for church facilities, such as for instance sprinkler or fire security installation, safety and anti-vandalism measures, elimination of hazardous materials, roof repairs, plumbing repairs to avert water damage and mold, and repairs of most style of dangers. Every year, the James M. Muzzy investment supplies a restricted amount of loans of as much as $50,000, of these purposes. The loans are paid back at 2.25per cent interest over a decade.

Equity Sharing Loans offer funds for churches attempting to be involved in Equity Sharing Agreements with pastors. Loans all the way to $125,000 for congregations all the way to 250 users are manufactured from the James M. Muzzy Fund. For bigger congregations or loan quantities exceeding $125,000, credit line or loans that are amortized be properly used for this function.

Discounts all the way to 0.75per cent off our typical financing prices are around for churches showing a exemplary reputation for supporting Presbyterian causes through General Mission Giving. The Synod’s Loan Coordinator to determine what discount your congregation may qualify for, contact.

The Loan Coordinator for help to apply for a Synod of the Pacific loan, complete the appropriate application or contact. Loans must certanly be authorized by the congregation, the Presbytery, therefore the Synod .

The Synod takes great pride and care in handling this crucial system. We observe that it really is a key area of the health and vigor of most churches inside the boundaries of this Synod associated with the Pacific. If you’d like more program information, please contact us: