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SFA Old 300 HQ Donations SFA Old 300 Headquarters & Event Center was purchased in June 2018. Funds for its procurement were lent to the organization by Mr. & Mrs. Charles Blake. A note of $375,000 was made to the Blake's at an annual interest rate of 5%. This represents a savings of approximately 3% a year from what a commercial bank loan would cost. This note is amortized over 25 years, but has a balloon payment due in 5 years. This represents a total of $75K annually that we must raise or earn if we are to pay off the note by the time of maturity. Please consider a donation to our deductible organization in order that we can pay off our first home (asset) as an organization in a timely manner... We thank you for your efforts on behalf of our organization. |