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Bethanie Update

For all those who have been praying for the release of funds for the purchase of Bethanie, we wanted to post an update…
You may have heard that Bill and Jan have been working on a possible bridging loan. The idea is to obtain a loan for two years, enabling them to move into their new home and giving bless further time for fund-rasing, with bless covering the cost of the loan through rent payments. When this option came up we felt it was the right provision at the right time, as many advisors have been urging us to commit further time and resources to fund-raising.
However, Bill and Jan heard today that their loan application has been turned down on a technicality to do with the nature of their sale to us.
Please do pray for them over the coming days – with two goals:
1. Please pray that the vendors selling to Bill and Jan will be willing to wait a while longer while alternative sources of loan are explored.
2. Please pray that their broker, who has been very supportive and helpful, will be able to identify an alternative source.
We should no in the next 4 to 5 days whether this has been possible.
Thanks for your prayers and support – we appreciate you.
Gerard

1 Comment

  1. A very sensible solution – lets hope it all comes together despite the set-back

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