The Rock of Portland, Portland, IN had the opportunity to purchase a building that had been a grocery store. MCIF was then able to loan The Rock of Portland the money to transform the grocery store space into a church.
Wellspring Church of Myrtle Beach leased a retail space in Myrtle Beach, SC. The space needed a full remodel. MCIF was able to meet that need by partnering with the members of Wellspring Church of Myrtle Beach to make a loan secured by means other than real estate.
Templo El Alfarero, Inc, Brownsville, TX was able to refinance the loan for their building with MCIF and get a lower interest rate.
MCIF has also been able to use Financial Peace, by Dave Ramsey, to help churches that are going through financial problems.
Posted in: General