Three Loans Approved

01 Jul 2008

by gcadmin

The Grace Brethren Investment Foundation (GBIF) has recently approved new loans totaling $2,525,000 to the following ministries in the Fellowship of Grace Brethren Churches (FGBC).

– $425,000 for the Crossroads Community Church of Philadelphia, Pa. (Pastor Jim Brown), to purchase an existing church facility located at: 7721-31 Torresdale Avenue, Philadelphia for renovation and worship. (See article on p –)

– $500,000 for the Grace Brethren Church of Norwalk, Calif., to help fund operational needs related to both the church and school located on the same campus.

– $1,600,000 for the Grace Brethren Church of Upper Arlington, Ohio (Pastor Dave Bogue), to purchase its first facility for worship. It is an existing church building located at: 4065 Kenny Road, Upper Arlington, Ohio.

“The GBIF is delighted to partner with these FGBC churches and schools, so we can facilitate God’s continuing work in our Fellowship,” says Ken Seyfert, executive director of operations.

Located in Winona Lake, Ind., the Grace Brethren Investment Foundation provides respectable returns on investment accounts and competitive mortgage financing so congregations in the Fellowship of Grace Brethren Churches can purchase property and construct or expand facilities to minister more effectively to local communities and reach the world with the life-changing Gospel of Jesus Christ.