Ziegler Closes $4 Million Bethel Baptist Church Financing
Chicago, IL (PRWEB) March 29, 2016 -- Ziegler, a specialty investment bank, is pleased to announce the successful closing of a $4,000,000 Series 2016 financing for Bethel Baptist Church of Hampton, Virginia, a new client to Ziegler.
Bethel Baptist Church began in 1968 and moved to its current church campus in 1971. An educational wing was added in 1973 to accommodate a new elementary Christian school in the fall of that year. Bethel Christian School is now in its 43rd year of operation and currently offers preschool through 12th grade instruction.
Proceeds of the 2016 Series Bonds will be used to raze the existing 250-seat chapel located on the church campus and construct an approximately 12,123 square foot sanctuary building on the footprint of the chapel to be razed and removed. The new sanctuary will have a commons area for gathering and will feature a main floor seating capacity of 530 and a balcony area that will be used by the music ministry but may ultimately be finished to accommodate an additional 120 people for worship. The new sanctuary will be connected to the existing buildings located on the church campus.
Steve Hron, Director of Ziegler’s religion finance practice, stated, “The new sanctuary will offer expanded seating capacity and the modern amenities to facilitate growth.”
“This new facility will enable us to expand outreach into our local community. We are thankful for Ziegler providing the financing needed for this exciting project,” commented, Church Administrator Jeffrey Houck.
Since our first financing in 1913, Ziegler has become a recognized leader in providing creative, tailored solutions to religious and educational institutions. Focusing on multidenominational places of worship, charter schools and K-12 private schools, Ziegler offers long-term, fixed-rate financing, tax-exempt financing and short-term, variable rate financing.
For more information about Ziegler, please visit us at http://www.Ziegler.com.
About Ziegler:
The Ziegler Companies, Inc., together with its affiliates (Ziegler), is a privately held, specialty investment bank with unique expertise in complex credit structures and advisory services. Nationally, Ziegler is ranked as one of the leading investment banking firms in its specialty sectors of healthcare, senior living, religion, and education, as well as general municipal and structured finance. Headquartered in Chicago, IL with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, corporate finance, FHA/HUD, strategic advisory services and research. Ziegler serves institutional and individual investors through its wealth management and capital markets distribution channels.
Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This client’s experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.
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Leslie Weir, Ziegler, http://www.ziegler.com, +1 (312) 596-1646, [email protected]
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