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AMITYVILLE, NY, July 22, 2009
/24-7PressRelease/ -- New Jersey Financial Services (NJFS), a nationwide
church financing resource, has provided the financing for Long Island Teen Challenge, Inc. of Amityville, NY, to buy a residential home. NJFS approved a mortgage and refinancing package of more than $500,000 to purchase the house. Graduating Teen Challenge members who become staff will live there, as well as staff of Freedom Chapel Assemblies of God, which is closely connected to Teen Challenge.
"Dave Dallenbach of NJ Financial Services is a man of great wisdom and tremendous diligence. He's been a wonderful, supportive partner for us in purchasing this home, allowing us to expand our program," says the Reverend Jimmy Jack, Director of the Long Island Teen Challenge and Founder and President of Freedom Chapel Assemblies of God. Reverend Jack also sits on the Board of the Brooklyn Teen Challenge. Reverend Jack and Dave Dallenbach first met when Dave provided financial consulting for the Brooklyn Teen Challenge.
"It's great to be part of helping such a successful program like Teen Challenge. While we're in the
church financing business, it's also extremely rewarding to know that we're partnering with an organization committed to helping individuals break life-long addictions to drugs and alcohol," says Dallenbach, Senior Loan Officer at NJFS (
www.njfinancialservices.org).
According to the 2002 National Survey on Drug Use, an estimated 7.7 million individuals age 12 or older were in need of care for an illicit drug problem. Furthermore, an estimated 18.6 million persons age 12 or older were in need of assistance for an alcohol problem. Teen Challenge has responded nationwide with action to statistics like these.
Long Island Teen Challenge is a locally operated, Christ-centered, non-profit organization offering aid, support and residential care to men, women and families suffering life-controlling problems with drugs, alcohol or crime. For over 15 years, they have offered practical solutions to people in need and those who love them. For more information about Long Island Teen Challenge, go to
http://longislandtc.com/ or call (631) 321-7070.
The Senior Loan Consultant at NJFS, Dave Dallenbach was a successful Wall Street executive for more than 3 and 1/2 years with Merrill Lynch before joining NJFS in 1998. With 21 years of experience in direct church lending, Dallenbach is a recognized expert in the field of large capital real estate related construction for non-profit ministries.
NJFS offers a number of services to churches and ministries, including church refinancing. This is an option for churches that want to lower their interest rates. For those churches needing to add on to their facility, construct a new building or acquire property, NJFS also offers church construction loans,
church financing and loans to purchase a new building or property.
For a free conference call to discuss lending opportunities, contact Dave Dallenbach at 888-878-0929. To learn more about NJFS or for tips on budgeting for a project or how to find the best architect, engineer and contractor, visit their website at
www.njfinancialservices.org.
For more information on this press release, contact:
Diana Lipps
No Boundaries Christian Media
1-800-905-9141, ext. 100
dlipps@noboundariesmedia.com---
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