SOURCE: Ziegler


September 20, 2011 17:06 ET

Ziegler Closes $1.9M Financing for Christian Heritage Assembly of God

CHICAGO, IL--(Marketwire - Sep 20, 2011) - Ziegler, a specialty investment banking firm serving ministries across the nation, is pleased to announce the successful closing of the Christian Heritage Assembly of God transaction. Ziegler structured an approximately $1.9 million first-mortgage bond financing that was distributed through Ziegler Wealth Management.

Christian Heritage Assembly of God was founded approximately 30 years ago. It is located on a 12-acre campus in Avon, Ohio. The church serves congregants in the greater Cleveland metropolitan area and offers many types of ministry programs including local, national, and international missionary outreaches. The funds were used by the church to refinance their existing debt, but at a lower interest rate. The Ziegler bond structure allows the church to lock in a long-term fixed rate and to have a fully amortized loan. This allows them to avoid any future interest rate risk or refinancing risk that is inherent with a shorter-term commercial bank credit facility. The church has been a Ziegler client since 2001.

Scott Rolfs, Managing Director and Head of Ziegler's Religion & Education practice, commented, "The church took advantage of a great opportunity with the interest rate market at 40-year lows. With this new finance structure, church management has the strategic options either to apply future mortgage savings to pay off their loan early or to use the savings for ministry development."

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About Ziegler:
The Ziegler Companies, Inc. (PINKSHEETS: ZGCO) together with its affiliates (Ziegler) is a 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 finance, as well as corporate finance and FHA/HUD. Headquartered in Chicago, IL with regional and branch offices throughout the U.S., Ziegler creates tailored financial solutions including bond financing, advisory, private placement, seed capital, M&A, risk and asset management. Ziegler serves institutional and individual investors through its wealth management and capital markets distribution channels.

Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This client's experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.

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