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Maximum loan amount $165,000

No certificate requirement

Maximum term 15 years

This loan type is very similar to the "Classic Loan", but we provide funding as the project progresses.

The monthly payments on a construction loan are interest only on the disbursed amounts until the construction is finalized, thereby reducing the overall interest cost during construction.

Maximum loan amount $3.1 million

Secured by a 1st mortgage

Dependent on the current LACE cash liquidity one-half of the loan amount may be required to come from Loan Certificates or IRA Investment Certificates from your congregation. [ REVIEW OUR INVESTMENTS SECTION FOR MORE INFORMATION ]

Investors are usually congregation members, friends or even a congregation that would be willing to purchase a certificate and receive annual interest payments on the investments.

5 year balloon note with loan amortization of 20, 25 or 30 years.
Rate reviewed every 5 years.

10 year and 15 year fixed rate notes available.

Wednesday, June 28, 2017