Access In Action - First Baptist Church of Alexandria
Overview of Transaction:
- The First Baptist Church of Alexandria sought expansion financing to fund extensive renovations to the existing 131,990 sq. ft. church building as well as 12,600 sq. ft. of new construction for a more spacious sanctuary and classroom space.
Significance of Transaction:
- Access National Bank was able to rapidly respond to the church's financing request, while offering flexible terms for a commercial real estate loan. Additionally, the Bank provided a suite of nonprofit account solutions for the church. Access National Bank appreciated the opportunity to partner with a recognized pillar of the Alexandria community.
- Don Wipf, SVP/Commercial Lender and John McManus, SVP/Relationship Manager, leveraged extensive construction lending expertise and proprietary nonprofit offerings to arrive at a mutually beneficial business partnership. Access National Bank is committed to improving the communities we serve and looks forward to furthering the growth of other Alexandria organizations through our banking center located in the Carlyle district.