Why should a church, Christian school, or ministry use MMC as opposed to seeking a mortgage loan on its own?
Understanding church finance is a specialty and a science. In our experience, many churches and Christian ministries have goodhearted and properly motivated boards made up of volunteers and church staff. Most of these individuals have never negotiated or obtained a million dollar or more loan, especially in a commercial loan setting. These committees simply lack the proper expertise, understanding, knowledge or skills to “do battle” with commercial lending institutions.