Your LCEF Construction Loan can help cover the costs of constructing new buildings or renovating existing ones. LCEF’s Construction Loans have just one closing, saving your congregation time and money.

Construction Bridge Loans provide short-term financing to fill the gap between construction completion and collection of building fund dollars. LCEF’s Bridge Loans have just one closing, saving your congregation time and money.

This type of loan helps with short-term capital needs, seasonal cash flow or anticipated cash flow fluctuations.

These loans can be utilized to provide seed dollars to support new or expanding ministry efforts or working capital for pre-construction related costs. For example, this loan might cover the initial funding of a new staff member for Evangelism or Youth Ministry or items such as architecture/design fees, engineering fees, market studies, capital campaign expenses and special assessments.

A Specialized Ministry Loan provides funds to outreach ministries providing specialized opportunities and sharing the Gospel in cross-cultural, low-income communities.

A New Start Loan provides funds for new start congregations. Ministries that qualify for a new start loan are first-time worship facilities. New branches or satellite ministries stemming from existing ministries may also qualify for this loan.

Parsonage/Housing Loans are written to congregations on behalf of a rostered church worker (RCW). These loans are available in states where LCEF is not licensed to provide residential loans directly to RCWs.

LCEF’s Unsecured Loans are written in an aggregate of up to $100,000.

Our SMART Loan for educational institutions is designed to meet the short-term financial needs of LCMS elementary, middle and high school associations and related recognized service organizations (RSOs).

LCEF’s SMART Loan is ideal for:

• S – Security upgrades and system enhancements, including energy efficiency projects
• M – Maintenance and other facility upgrades, including playground equipment
• A – Academic resources for classroom use
• R – Repairs for both the building and fleet (can also be used for vehicle purchases)
• T – Technology needs and equipment leases, purchases and upgrades

Benefits & Features

• Loan structured up to 10 years, depending on needs
• Up to $150,000
• 0% interest for first 12 months
• Interest for second 12 months determined using LCEF’s Cost of Funds (PDF), adjusted annually
• Interest for remaining term of loan determined using LCEF’s Cost of Funds (PDF) plus up to 2.5%, adjusted annually
• Low closing fees and no prepayment penalties