Ziegler Closes $3.22 Million Financing for Christian Life Center

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Ziegler, a specialty investment bank, is pleased to announce the successful closing of a $3,220,000 Series 2016 financing for Christian Life Center of Merced, California, a new client to Ziegler.

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Gwen Breinig, Administrative Pastor of Christian Life Center, commented, “We truly were impressed with Ziegler being so professional and thorough. The best financial organization we have worked with.”

Ziegler, a specialty investment bank, is pleased to announce the successful closing of a $3,220,000 Series 2016 financing for Christian Life Center of Merced, California, a new client to Ziegler.

Christian Life Center has been a part of the community in Merced since 1972, when a group of 14 people met in a small gathering space for worship. The congregation grew from 14 to several hundred, and within a few years, the church was able to purchase the land at the existing church site and build a sanctuary. The church renovated and expanded the original facility in 2004, and in 2006 completed the construction of a 14,490 square foot gymnasium and multipurpose facility called the Family Life Center, paving the way for expanded community outreach and greater impact by the church on its neighborhood. The church currently averages 330 attendees on the weekend.

Proceeds of the 2016 Series Bonds were used to refinance the ministry’s outstanding loans incurred to construct the Family Life Center. The refinancing provided 25-year fixed rate financing structure and eliminated the rate renewals required of the previous loan structure.

Gwen Breinig, Administrative Pastor of Christian Life Center, commented, “We truly were impressed with Ziegler being so professional and thorough. The best financial organization we have worked with.”

“Ziegler and the church recognized a great fit from the beginning of this process. Ziegler’s long-term bond solution provided the church with relief from frequent loan renewals and the associated interest rate risk exposure – not to mention the lost staff time and energy involved in having to repeat that process that could better be spent on doing ministry,” stated Bill Dodson, Senior Vice President in Ziegler’s religion finance practice.

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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Mary Therese Pembroke
Ziegler
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