I am pleased that under a very tight timeline Ziegler could assist the church in helping to raise the necessary funds to complete the project. Acquiring the Apex Campus, will provide the church a permanent facility that will meet the needs...
Chicago, IL (PRWEB) July 11, 2016
Ziegler, a specialty investment bank, is pleased to announce the successful closing of a $14,190,000 Series 2016 financing for Hope Community Church of NC, Inc., (Hope Community Church) Raleigh, North Carolina, a new client to Ziegler.
Hope Community Church was founded in 1994 by current Lead Pastor Mike Lee. The church completed construction of its current main Raleigh Campus in 2006. With the Raleigh Campus serving as its main 'broadcast' campus, the church has grown to a weekend attendance base of 8,890 with a multi-site church model that currently operates from four campuses located throughout the Raleigh/Durham/Chapel Hill 'Research Triangle' metropolitan region. In 2015, the church entered into an agreement to purchase an additional campus intended to replace its leased campus located in Holly Springs, North Carolina. The new campus is located approximately six miles from the Holly Springs Campus in Apex, North Carolina. The church has been leasing the Apex Campus since just prior to beginning renovations in July 2015.
Proceeds of the 2016 Series Bonds were used to purchase the Apex Campus and complete renovation of the interior space of the approximately 100,476 square foot building, including a 1,476-seat auditorium, daycare facilities for up to 265 children, 17 classrooms to serve multiple needs, recreational use of the auditorium turned into basketball courts, an exercise/weight room facility, community meeting spaces, as well as banquet capabilities for up to 485 attendees. The Apex Campus will have parking for 602 vehicles. Upon completion of the project at the Apex Campus, the church will replace its leased Holly Springs Campus with the Apex Campus.
“I am pleased that under a very tight timeline Ziegler could assist the church in helping to raise the necessary funds to complete the project. Acquiring the Apex Campus, will provide the church a permanent facility that will meet the needs of a fast growing congregation for years to come,” commented Dave Schlosser, Managing Director of Ziegler’s religion finance practice.
Palmer W. Schoch, Executive Director of Operations of Hope Community Church, stated, “In a time of unstable financial markets, Ziegler partnered with us to create a viable long-term solution providing us with stable cash flow and peace of mind. The professionalism, diligence and commitment to achieving our goals that they showed are unmatched in my experience.”
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.
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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