For almost 40 years, Lutheran Church Extension Fund has earned a distinguished reputation for its help to LCMS congregations nationwide with church building programs. In their recently published newsletter, LCEF spotlights the great work of LSS Community Care Center in Pasadena, CA. Our innovative Avanti program is providing volunteer and social opportunities for adults who are developmentally disabled to interact with the community. What a joy to serve here in Southern California, as we—together—walk with those in need!
The article focuses on a loan provided by LCEF to LSS Community Care of Pasadena to repair its 8,006-square -foot, two-story Avanti center, address building needs at a second Pasadena property, the proposed site for expanded community outreach, including a Circles® initiative aimed at moving people out of poverty, and to establish a line-of-credit to meet fluctuating cash flow needs. LSS acquired a string of San Bernardino mental health clinics after a larger provider closed last year. The programs include those for abused children and educational programs that treat perpetrators.
Here are some quotes from the article:
Working with LCEF on a loan with this recognized service organization (RSO) “is clearly a win-win partnership,” said Amy Fawcett, chief financial officer for LSS, based in Orange and providing services throughout Southern California at more than 20 locations.
“We’re thrilled with Larry [Crume, vice president, National Lending] and his team, how professional they are and how easily they were able to negotiate loans that are helping us move forward.
Fawcett says LCEF’s financing terms were more favorable than those they found with other commercial banks. Another plus: “We’re both mission-driven, with similar objectives,” she said.
While investors know LCEF empowers congregations for ministry, they may be surprised to learn that the financial organization also partners with RSOs that are touching lives with Christ’s love beyond church doors.
“LCEF formed the National Lending Group for that sole purpose – to serve organizations of the church not connected to a specific congregation, helping them address borrowing needs as well as planning and development critical to efficient, effective ministry,” Crume said.
You can read the article in its entirety here.