  How
Does It Work?
How Your Church Benefits From Our Experience:
First, Mission Management and Consultants,
LLC (MMC) is NOT a broker—we are bankers who serve
as your ministry's in-house banker and financial counsel with
other bankers. Pastors speak church, congregations speak church,
but MMC speaks bank and we compel lenders to
cut the costs of their loans for our clients, because we understand
the process inside and out. We will not take any hidden or disclosed
compensation from a lending institution. If they offer us “a
fee” for the referral, we refuse it and instead force them
to include the offered fee as part of your reduced loan costs…period.
Your congregation would be hard pressed to obtain a better loan
at better terms and conditions than those obtained on your behalf
by MMC.
Second, we have no advanced compensation or
hidden fees. Every transaction that MMC undertakes
is on a contingency basis. As a result of our underwriting, we
generally are able to bring several bank offers to your church
for consideration, pointing out the strengths and weaknesses of
each proposal. MMC is only compensated when a
Loan and Credit Facility is approved, accepted by our client(s)
and funded.
Third, our contract provides for our exclusive
representation for a set time period during the loan process.
Because of our 25 years of banking expertise and high volume of
loan procurements, banks are eager to bid on our projects. You
will need to provide us with the information as requested on a
checklist of financial information essential to obtaining a loan,
and very importantly for us to “structure” and underwrite
a request that meets the needs and financial abilities of your
congregation. We will not assist you in obtaining financing for
more than your church can afford. We will also not seek to obtain
financing that fails to meet the complete objective of the phase
of church building under consideration. It serves no one to have
the foundation and walls in place and not be able to complete
the job on time and within budget.
|
