Saturday, December 26, 2009

Building sale

Thanks for all who have prayed, we finally signed a contract for the sale of our building this past week (actually this is the second contract we have signed, but I think this one will go through). The lucky buyer is Congregation Bris Avrohom of Old Bridge, a young Orthodox synagogue which ministers to Jews who are mainly from Russia. They are one of a group of similar related synagogues in New Jersey. As a commercial deal is much more complex than a residential sale,we had been negotiating with them for the past several months. We announced this as God's gift to us at our Christmas Eve service- the contract was wrapped up in a gift box!

There is a 90 day due diligence period during which the deal could be dropped. After that, we have up to 9 months to finish the building and move. Our builder says completion should take about 7 and a half months from full mobilization (right now things are quiet on the job site). So the bottom line is that we should be in our new building by Christmas, and if things go really well, maybe as early as Labor Day. But we have to be out of our current building in a year in any case.

Please keep in prayer-
-that the due diligence period and inspections will go well and quickly- no surprises
-that more building funds will come in
-that God will give us wisdom as we ramp up for full-speed ahead construction in the spring

1 comment:

  1. Pastor Ken,
    CONGRATULATIONS and God's blessings are sent your way with this message. You and your congregation are a fine example of perseverence and faith. Time will prove the triumph of God's faithfulness!
    HAPPY NEW YEAR!
    Carl Colletti
    District Superintnedent, Assemblies of God NJ

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