Welcome from RLC President
Our offerings represent the highest quality churches and faith-based
organizations in America. For that reason, the interest rates reflected
in these offerings have an appropriate spread related to other investment
grade securities in the marketplace. We will never have the highest interest
rates in the "church bond universe." But we will offer you
competitive rates on America's best non-profit issuers consistent with
the preservation of your capital.
The placement of our church bond inventory on this website should tell
you that we are transparent in our relationship with you, the investor;
and our church clients, the issuer of the bonds. Each of our offerings
is deemed to be of comparable quality so you should only see significant
differences in bond rates if the bonds came to market at different times.
Our responsibility is to market the bonds at interest rates that are
competitive to the church for long term, fixed rate financing as well
as to the investor seeking a quality fixed income or growth investment.
Our reputation has been built on maintaining a competitive and healthy
balance between these two interests.
Our investors have never had a loss of investment principal in the history
of our work in this field. This track record requires our Loan Officers
and credit committee to thoroughly review each proposed issue. Protection
of your investment capital requires that we decline a large number of
loan requests annually. Said another way, our competitive interest rates
and fees allow us to attract the business of "bankable" deals.
Of course, all investments entail risk and past performance is no guarantee
of future results.
That being said, we pride ourselves not in the size of our company, but
in the quality of our clients. The confidence you place in us by investing
with the churches we represent is the sincerest form of flattery. We
strive every day to be worthy of your trust, and that of the 100 plus
churches and faith based organizations we assist annually.
You may find that some of the churches in our inventory have been there
for several months. Due to the construction needs of an individual church,
sometimes we will extend the church offering period to allow for additional
church and retail participation prior to the utilization of an institutional
participant to close out the issue.
The operating balance of each church escrow account is monitored weekly
so that Rives, Leavell & Co.'s management team can make sure appropriate
funds are available to meet their project draw requests in a timely fashion.
At any given point of time, funds often exceeding $10 million of bond proceeds
are on deposit with the escrow agent awaiting the completion of our church
projects.
We hope that the publications and investments listed herein assist you
in achieving your financial goals. When you invest with us, you assist
us in fulfilling our mission "to be the leading provider of quality-based
financing solutions for America's churches and faith-based organizations." By
the same token, you assist America's churches in fulfillment of the "Great
Commission".
Sincerely,
Roland Q. Leavell
President
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