How to Apply
The Virginia United Methodist Development Company, LLC, promotes the growth and development of the United Methodist Church by lending funds to creditworthy borrowers. These loans may include, but are not limited to, mortgage loans, renovation and construction loans, building and land acquisition loans, and other capital investment loans. We may also refinance existing debt of borrowers in circumstances where the refinancing would be consistent with our goals and of benefit to the borrowers. We only make loans to United Methodist churches, institutions and other related organizations within Virginia, which may include retirement communities, colleges and other affiliates of the United Methodist Church (the borrowers). We sometimes make direct loans to borrowers or participate with financial institutions or other not-for-profit corporations in making joint loans. Our loan committee administers loan origination, negotiation and compliance.
Loans are available for these types of projects:
- New Facility Construction
- Facilities Expansion Projects
- Capital Improvement and/or Renovation of Existing Facilities
- Building Purchase and/or Land Acquisition
- Debt Refinancing
A copy of the Offering Circular is available online.
For more information, contact us or download our current loan application.