$5 Million Dollar Miracle!

Friday afternoon at 3:30 I received THE call. The call we at RLFC had been waiting for, praying for & believing for. This phone call would be the culmination of an incredible series of events where we were able to witness God's faithfulness. That call would confirm that our loan had been fully process, the title and deeds fully recorded and our seller paid in full. To understand this miracle I must recap the story. We moved into our new building a little over 2 years ago by giving a $2.5 million down payment and promising a $5 million balloon payment in August of 2008. All things were proceeding well until the bottom fell out of the economy in summer/fall of 2008. Our bank could no longer loan us the money and the purchaser of our land could no longer follow through on that sale. What do we do now?! I pray my usual prayer, "God you have a problem." We approached a dozen banks to be turned down by all. Finally God led us to a bank that not only would loan us the money, but not tie it to the sale of our property. After 2 more months of loan committees, financial doc reviews, land appraisals & an insurance physical it finally was all finished with only 3 weeks before foreclosure and homelessness. God is SO GOOD!!!