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The Mission Investment Fund has been financing church-related construction projects for more than 90 years. More than
780 loans totaling
$470 million are at work today in ELCA ministries throughout the United States, in Puerto Rico and the Virgin Islands.
Here are five reasons why your congregation or other ELCA-related
ministry should consider MIF to finance your building project:
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MIF
terms
and
interest
rates are competitive.
Unlike many commercial lending institutions,
MIF
does
not
charge points, loan origination fees,
or
pre-payment
penalties. And MIF
has only one fee: a document preparation charge for long-term loans. Check our current interest rates.
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MIF specializes in church building projects.
We specialize in helping congregations to plan and finance building projects. We have the experience to create a mission-focused financing plan that meets the unique needs of your ministry.
We
can
also
refinance
loans
with
other
lenders.
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MIF can finance the construction phase of your project.
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MIF offers project expertise, free of charge.
MIF's church building consultants provide
counsel to congregations on building and renovation projects.
MIF staff architects
consult
with
congregations
and
develop
initial
schematic
designs
that
can
be
taken
to a
local
architect. Their services are provided
at no charge. The consultants and our area representatives can provide information about MIF loans and investments.
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MIF loans are funded by
the faithful stewardship
of
Lutheran
ministries.
The
interest
a
ministry
pays
on
its MIF loan is reinvested in
loans
to other church building projects
throughout
the
ELCA.
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MIF loans are for capital projects to:
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Purchase land
or
building
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Expand or renovate a facility
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Build a new building or purchase a building for a second site
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Relocate
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Fund an accessibility project
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Refinance
existing
capital
debt
with
other
lenders
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MIF loans
are available to:
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ELCA mission congregations
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Established ELCA congregations
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ELCA
synods
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ELCA colleges, universities, schools and seminaries
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ELCA-related social ministry organizations
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ELCA-related outdoor ministries
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Call 877.886.3522 or e-mail us for more information.
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