Our Need
We are hoping to process another loan, thus enabling us to pay off the first mortgage, as well as put metal roofs on the remaining buildings.
It has certainly by no means been easy. We have had to pay the finance company an application fee of $4500. We had to get our appraisal up-dated which resulted in our paying an additional $2500. However, we must still raise another $1250 for additional requirements that the lending institution requests.
Our income has been drastically down due to the loss of five residents in our Assisted Living Home. The loss of our residents was simply that one passed away, several others relocated to states in the midwest, and another improved to the extent that they could live on their own once again. Meanwhile, there seems to be no one during this time in the county that required any assisted living needs.
Nevertheless, we are trusting God to send us additional residents for our Assisted Living Home. |