THE DETAILS:
The purchase price for our building is currently set at $720,000. That's a steal for our 14,000-square-foot property in the heart of downtown Salem. We are guaranteed this price as long as we close the sale within the amount of time specified in our agreement with the seller. If we don't, the building will go back on the market, the price will likely go up, and we may have to compete with other offers. The owners have graciously given us several extensions on our time limit, and we now have until February 16th to raise our down payment and secure a mortgage.
Since we moved into the building four years ago, it has undergone a huge transformation. The dingy former nightclub has become a beautiful cafe/meeting area. The once unusable empty cavern behind it has become our Prayer Room. With the thousands of volunteer hours and generous donations that have gone into this extensive remodeling, our investment in the property is currently around $300,000. We feel that this is the permanent home that the Lord has given us, and after putting some roots down, we're ready to take the final step of ownership.
A minimum of 95% of your donation goes directly toward the building purchase. The remaining 5% helps us cover our fundraising costs.
The purchase price for our building is currently set at $720,000. That's a steal for our 14,000-square-foot property in the heart of downtown Salem. We are guaranteed this price as long as we close the sale within the amount of time specified in our agreement with the seller. If we don't, the building will go back on the market, the price will likely go up, and we may have to compete with other offers. The owners have graciously given us several extensions on our time limit, and we now have until February 16th to raise our down payment and secure a mortgage.
Since we moved into the building four years ago, it has undergone a huge transformation. The dingy former nightclub has become a beautiful cafe/meeting area. The once unusable empty cavern behind it has become our Prayer Room. With the thousands of volunteer hours and generous donations that have gone into this extensive remodeling, our investment in the property is currently around $300,000. We feel that this is the permanent home that the Lord has given us, and after putting some roots down, we're ready to take the final step of ownership.
A minimum of 95% of your donation goes directly toward the building purchase. The remaining 5% helps us cover our fundraising costs.
