“If I could encourage other pastors and leaders who might think owning a building is pie-in-the-sky dreaming, I would say, ‘Make a phone call. Talk to NCP. Ask if they can come out to visit and see if it’s possible.’ You never know what God may do, when you have a lending partner who’s family.”
— Pat Stark
The Background: After nine years as a set-up, tear-down church plant, Genesis Church in Phoenix wanted to find space that would support its unique vision for a combination of worship and 24-7 community center. Following the recession, retail space was plentiful but traditional lending institutions weren’t willing to lend to a then-small congregation. NCP saw the potential.
The NCP Solution: NCP approved a $3.2 million loan to help Genesis Church purchase a 66,000 sq. ft., 3-building strip mall that would house the church and several community-based tenants, including Alice Cooper’s Solid Rock Teen Center.
“They looked beyond the numbers,” said Pastor Pat Stark. “They’re encouraging and affirming of our vision. As we grew and attracted more tenants, they allowed us to grow our payoff payments.”
Genesis Church took ownership of the building in the summer of 2011 and, after a remodel to ready the community center, the congregation opened its new space on Easter Sunday 2012.
“NCP’s guidance on how to attract good and responsible tenants was incredibly helpful,” Pastor Stark said. “We’ve been able to create community programs for community people, and God has opened opportunities for us to spread the gospel in new ways.”