CHICAGO, IL (June 18, 2015) — Since offering its 30 Month Fixed Rate Renewable Certificate for the first time, National Covenant Properties sold approximately $1 million of the new investment in just 45 days to eligible investors. NCP president Steve Dawson reported that, “the new certificate has generated many new investors and provided another option for our current investors who are excited to have the opportunity to help finance the ministry work of Covenant churches.”
NCP loans funds generated by investments from the Covenant constituency to denominational churches and other Covenant affiliates to be used for new construction and other ministry projects. NCP is the loan source of the Evangelical Covenant Church and its affiliated entities, and has more than 6,000 investors, $285 million in loans, and $326 million in investments.
