Ziegler, a specialty investment bank, successfully closed a $8.97 million financing for Embassies of Christ Kingdom Ministries.

Scott Rolfs, managing director of Ziegler’s religion finance practice, said, “The attractive interest rate environment allowed us to structure a financing for the church that combined both loans under a true 20-year fixed rate structure that provided for significant cash flow savings that can now be used for ministry purposes.”

“We’ve been pleased to partner with Ziegler for many years now. They understand ministry lending and have provided us with beneficial loan structures that allow us to fulfill our mission,” said Cedric Oliver, senior pastor for Embassies of Christ.

Ziegler also provided capital to the church in 2006 in the form of a $7.6 million financing which allowed the church to construct a 1,500-seat worship center along with needed offices, classrooms and a gymnasium.

Gary, IN-based Embassies of Christ began in 1990 and has grown to become one of the largest churches in the Lake County, IN area outside of Chicago.

Chicago-based The Ziegler Companies, together with its affiliates, is a privately held, specialty investment bank with unique expertise in complex credit structures and advisory services. Nationally, Ziegler is ranked as one of the leading investment banking firms in its specialty sectors of healthcare, senior living, religion and education, as well as general municipal and structured finance.