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American Church Mortgage Revenues Jump 13%

MINNETONKA, MN- The mortgage lender to religious organizations is still in a stock

By Jim McCartney | Updated on October 26, 2000

MINNETONKA, MN-American Church Mortgage Co. said this week that itsrevenues for the third quarter were $347,531, upnearly 13 percent from the same period a year ago.

TheMinnetonka, MN-based real estate investment company’srevenues are derived primarily from interest incomeearned from mortgage loans, typically in the range of$100,000 to $1 million, to churches and othernon-profit religious organizations. The loans are usedfor the purchase, construction or refinancing of realestate and related improvements.

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