Ziegler, a specialty investment bank, is pleased to announce the successful closing of a $1,765,000 Series 2015 financing for Clovis Christian Church, a new client to Ziegler.
Clovis Christian Church was established in 1978 with approximately 40 members of North Fresno Christian Church. The church purchased an existing facility in Clovis in 1980 and in 1998 sold its original building and purchased land at 1701 Locan Avenue, the existing church site. In 2000, the church completed construction of the existing 10,898 square foot worship facility located on the site. In 2007, Pastor Cameron Unruh, who had been serving on the staff of a mega church in Fresno, accepted the call to lead congregation. Under the leadership of Pastor Unruh, the church has grown to an approximately weekly attendance of 400.
The construction of the worship facility located on the church site was funded with a church extension fund loan. Proceeds of the 2015 Series Bonds were used primarily to refinance the outstanding loan, and a smaller portion of the bond proceeds were used to purchase, place and renovate three modular structures on the church site. The modular structures will add approximately 4,300 square feet of ministry space to be used for the church’s youth and children’s ministries.
Bill Dodson, Senior Vice President in Ziegler’s religion finance practice, commented, “We developed immediate rapport with the church leadership, and together we formed a solution that achieved the church’s objectives. We’re pleased to partner with Clovis Christian Church.”
“Having the right financial partner in ministry is critical to the growth of the church. Ziegler has proven to be a blessing to our church family. We received the personal attention, care and counsel that opened the door to our next season of growth as a Church. As the Pastor, I can lead with confidence knowing that our financial partner shares our passion for the ministry of the Church,” stated, Pastor Cameron Unruh, Clovis Christian Church.
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.
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.