Classic Loans

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.

Friday, January 28, 2022